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

12 Months Ended

Dec. 31, 2023

Property, Plant and Equipment [Abstract]

Schedule of 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 in-place lease intangibles	1 – 3

As of December 31, 2023 and 2022, net property, plant and equipment and leasehold intangibles, which include assets under financing leases, consisted of the following.

	As of December 31,
(in thousands)	2023		2022
Land	$	500,649	$	506,968
Buildings and improvements	5,348,133		5,323,736
Furniture and equipment	1,111,408		1,055,304
Resident in-place lease intangibles	282,411		286,122
Construction in progress	33,905		41,778
Assets under financing leases and leasehold improvements	1,070,900		1,375,521
Property, plant and equipment and leasehold intangibles	8,347,406		8,589,429
Accumulated depreciation and amortization	(4,016,777)		(4,053,727)
Property, plant and equipment and leasehold intangibles, net	$	4,330,629	$	4,535,702