RECENT REAL ESTATE ACQUISITIONS

12 Months Ended

Dec. 31, 2021

Business Combination and Asset Acquisition [Abstract]

During the year ended December 31, 2021, the Company acquired two Senior Housing - Managed communities, one Senior Housing - Leased community, two addiction treatment centers and one skilled nursing/transitional care facility. During the year ended December 31, 2020, the Company acquired three Senior Housing - Leased communities and one Senior Housing - Managed community that were part of the Company’s proprietary development pipeline, and $20.7 million was previously funded through its preferred equity investments in these developments. The consideration was allocated as follows (in thousands):


	Year Ended December 31,
	2021		2020
Land	$	5,465	$	5,800
Building and improvements	90,692		104,952
Tenant origination and absorption costs intangible assets	3,097		2,578
Tenant relationship intangible assets	194		347
Total consideration	$	99,448	$	113,677

The tenant origination and absorption costs intangible assets and tenant relationship intangible assets had weighted-average amortization periods as of the respective dates of acquisition of four years and 23 years, respectively, for acquisitions completed during the year ended December 31, 2021, and seven years and 25 years, respectively, for acquisitions completed during the year ended December 31, 2020.

For the year ended December 31, 2021, the Company recognized $8.7 million and $0.7 million of total revenues and net income attributable to common stockholders, respectively, from the facilities acquired during the year ended December 31, 2021. For the year ended December 31, 2020, the Company recognized $12.5 million and $4.8 million of total revenues and net income attributable to common stockholders, respectively, from the facilities acquired during the year ended December 31, 2020.