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INVESTMENT IN REAL ESTATE PROPERTIES (Tables)
 6 Months Ended
Jun. 30, 2024
Real Estate [Abstract]  
Schedule of Real Estate Properties Held for Investment
The Company’s real estate properties held for investment consisted of the following (dollars in thousands):
As of June 30, 2024
Property TypeNumber of
Properties		Number of
Beds/Units		Total
Real Estate
at Cost		Accumulated
Depreciation		Total
Real Estate
Investments, Net
Skilled Nursing/Transitional Care236 26,538 $3,039,127 $(574,720)$2,464,407 
Senior Housing - Leased39 3,319 511,809 (98,539)413,270 
Senior Housing - Managed66 6,341 1,399,996 (295,238)1,104,758 
Behavioral Health18 1,159 479,188 (73,131)406,057 
Specialty Hospitals and Other15 392 225,498 (50,163)175,335 
374 37,749 5,655,618 (1,091,791)4,563,827 
Corporate Level3,122 (790)2,332 
$5,658,740 $(1,092,581)$4,566,159 
As of December 31, 2023
Property TypeNumber of
Properties		Number of
Beds/Units		Total
Real Estate
at Cost		Accumulated
Depreciation		Total
Real Estate
Investments, Net
Skilled Nursing/Transitional Care241 26,769 $3,050,861 $(535,653)$2,515,208 
Senior Housing - Leased43 3,473 573,274 (109,601)463,673 
Senior Housing - Managed61 6,041 1,289,485 (255,803)1,033,682 
Behavioral Health18 1,159 496,737 (71,943)424,794 
Specialty Hospitals and Other15 392 225,443 (47,454)177,989 
378 37,834 5,635,800 (1,020,454)4,615,346 
Corporate Level2,547 (632)1,915 
$5,638,347 $(1,021,086)$4,617,261 
June 30, 2024December 31, 2023
Building and improvements$4,864,328 $4,843,258 
Furniture and equipment239,384 238,185 
Land improvements10,812 10,306 
Land544,216 546,598 
Total real estate at cost5,658,740 5,638,347 
Accumulated depreciation(1,092,581)(1,021,086)
Total real estate investments, net$4,566,159 $4,617,261 
Schedule of Investment in Joint Ventures
The following is a summary of the Company’s investment in unconsolidated joint ventures (dollars in thousands):
Property Type
Number of
Properties as of
June 30, 2024
Ownership as of
June 30, 2024 (1)
Book Value
June 30, 2024December 31, 2023
Sienna Joint VentureSenior Housing - Managed12 50 %$114,164 $119,724 
Marlin Spring Joint VentureSenior Housing - Managed4 85 %15,609 17,119 
$129,773 $136,843 
(1)    These investments are not consolidated because the Company does not control, through voting rights or other means, the joint ventures.