Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2024

Accounting Policies [Abstract]

Schedule of Property, Plant and Equipment and Leasehold Intangibles, Net

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 – 15
Resident in-place lease intangibles	1 – 3

As of December 31, 2024 and 2023, net property, plant and equipment and leasehold intangibles, which include assets under financing leases, consisted of the following.

	As of December 31,
(in thousands)	2024		2023
Land	$	532,719	$	500,649
Buildings and improvements	5,667,855		5,348,133
Furniture and equipment	1,182,026		1,111,408
Resident in-place lease intangibles	281,041		282,411
Construction in progress	32,965		33,905
Assets under financing leases and leasehold improvements	1,245,791		1,070,900
Property, plant and equipment and leasehold intangibles	8,942,397		8,347,406
Accumulated depreciation and amortization	(4,347,996)		(4,016,777)
Property, plant and equipment and leasehold intangibles, net	$	4,594,401	$	4,330,629