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CONSOLIDATED STATEMENTS OF (LOSS) INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Revenues:      
Rental and related revenues $ 396,716 $ 430,584 $ 452,138
Interest and other income 17,317 11,940 81,540
Resident fees and services 155,512 156,045 128,058
Total revenues 569,545 598,569 661,736
Expenses:      
Depreciation and amortization 178,991 176,737 181,549
Interest 98,632 100,424 126,610
General and administrative 34,669 32,755 30,886
Provision for loan losses and other reserves 3,935 1,855 1,238
Impairment of real estate 9,499 4,003 121,819
Total expenses 466,927 447,327 570,574
Other (expense) income:      
Loss on extinguishment of debt (34,622) (531) (16,340)
Other income 373 2,154 2,094
Net gain on sales of real estate 12,301 2,861 2,300
Total other (expense) income (21,948) 4,484 (11,946)
Income before loss from unconsolidated joint venture and income tax expense 80,670 155,726 79,216
Loss from unconsolidated joint venture (192,081) (16,599) (6,796)
Income tax expense (1,845) (710) (3,402)
Net (loss) income (113,256) 138,417 69,018
Net income attributable to noncontrolling interest 0 0 (22)
Net (loss) income attributable to common stockholders $ (113,256) $ 138,417 $ 68,996
Net (loss) income attributable to common stockholders, per:      
Basic common share (in dollars per share) $ (0.52) $ 0.67 $ 0.37
Diluted common share (in dollars per share) $ (0.52) $ 0.67 $ 0.37
Weighted-average number of common shares outstanding, basic (in shares) 219,073,027 206,223,503 187,172,210
Weighted-average number of common shares outstanding, diluted (in shares) 219,073,027 207,252,830 188,127,092
Revenue, type [Extensible Enumeration] Health Care, Resident Service [Member] Health Care, Resident Service [Member] Health Care, Resident Service [Member]
Triple-net portfolio      
Expenses:      
Operating expenses $ 20,221 $ 20,590 $ 22,215
Senior housing - managed portfolio      
Expenses:      
Operating expenses $ 120,980 $ 110,963 $ 86,257