Property, Plant and Equipment and Leasehold Intangibles, Net (Tables)

12 Months Ended

Dec. 31, 2022

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

Depreciation and amortization is computed using the straight-line method over the estimated useful lives of the assets, which are as follows.

Asset Category	Estimated Useful Life (in years)
Buildings and improvements	40
Furniture and equipment	3 – 10
Resident lease intangibles	1 – 3

As of December 31, 2022 and 2021, net property, plant and equipment and leasehold intangibles, which include assets under financing leases, consisted of the following.

	As of December 31,
(in thousands)	2022		2021
Land	$	506,968	$	502,610
Buildings and improvements	5,323,736		5,262,136
Furniture and equipment	1,055,304		990,006
Resident and leasehold operating intangibles	286,122		303,737
Construction in progress	41,778		51,037
Assets under financing leases and leasehold improvements	1,375,521		1,609,217
Property, plant and equipment and leasehold intangibles	8,589,429		8,718,743
Accumulated depreciation and amortization	(4,053,727)		(3,814,451)
Property, plant and equipment and leasehold intangibles, net	$	4,535,702	$	4,904,292