Senior Living Community Management Agreements (Tables)

12 Months Ended

Dec. 31, 2025

Risks and Uncertainties [Abstract]

Schedule of Disaggregation of Revenue

The following table presents residents fees and services revenue from all of our managed senior living communities disaggregated by the type of contract and payer:

	Year Ended December 31,
Revenue from contracts with customers:	2025		2024		2023
Basic housing and support services	$	1,040,322	$	972,307	$	915,528
Private pay and other third party payer SNF services	167,709		171,741		146,767
Medicare and Medicaid programs	104,624		100,341		89,613
Total residents fees and services	$	1,312,655	$	1,244,389	$	1,151,908

Schedule of Large Concentration of Senior Living Communities

The following table provides a summary of our managers that manage a large concentration of our senior living communities as of December 31, 2025:

Manager	Number of Communities	% of Gross Real Estate Properties
Sinceri Senior Living	38	30.8	%
Discovery Senior Living	44	23.7	%
Tutera Senior Living	18	8.9	%
Charter Senior Living	30	7.0	%
Phoenix Senior Living	26	5.7	%
All other managers	55	23.9	%
Total (1)	211	100.0	%

(1)Excludes one closed senior living community.