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RECENT REAL ESTATE ACQUISITIONS (CONSOLIDATED)
 6 Months Ended
Jun. 30, 2025
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
RECENT REAL ESTATE ACQUISITIONS (CONSOLIDATED) RECENT REAL ESTATE ACQUISITIONS (CONSOLIDATED)
During the six months ended June 30, 2025, the Company acquired one Senior Housing - Managed community and exercised its option to acquire 24 units on the campus of one of its Senior Housing - Leased communities. During the six months ended June 30, 2024, the Company acquired one Senior Housing - Leased community. The consideration was allocated as follows (in thousands):
Six Months Ended June 30,
20252024
Land$2,708 $1,193 
Building and improvements55,981 34,122 
Tenant origination and absorption costs intangible assets2,418 607 
Tenant relationship intangible assets30 206 
Total consideration$61,137 $36,128 
As of June 30, 2025, the purchase price allocation for the one Senior Housing - Managed community acquired during the three months ended June 30, 2025 is preliminary pending certain analysis necessary to complete the valuation of certain tangible and intangible assets and therefore is subject to change.
The tenant origination and absorption costs intangible assets had an amortization period as of the date of acquisition of one year for the acquisition completed during the six months ended June 30, 2025. The tenant origination and absorption costs intangible assets and tenant relationship intangible assets had amortization periods as of the date of acquisition of 15 years and 25 years, respectively, for the acquisition completed during the six months ended June 30, 2024.
For each of the three and six months ended June 30, 2025, the Company recognized $0.8 million of total revenues and $0.1 million of net income from the facility acquired during the six months ended June 30, 2025. For each of the three and six months ended June 30, 2024, the Company recognized $0.8 million of total revenues and $0.6 million of net income from the facility acquired during the six months ended June 30, 2024.