
Property Type	Number of Properties	Number of Beds/Units	Total Real Estate at Cost		Accumulated Depreciation		Total Real Estate Investments, Net
Skilled Nursing/Transitional Care	207	23,124	$	2,819,686	$	(662,018)	$	2,157,668
Senior Housing - Leased	32	2,623	360,736		(87,835)		272,901
Senior Housing - Managed	94	9,745	2,247,573		(388,860)		1,858,713
Behavioral Health	16	1,159	473,813		(97,126)		376,687
Specialty Hospitals and Other	15	392	225,498		(60,979)		164,519
	364	37,043	6,127,306		(1,296,818)		4,830,488
Corporate Level			2,506		(739)		1,767
			$	6,129,812	$	(1,297,557)	$	4,832,255


Property Type	Number of Properties	Number of Beds/Units	Total Real Estate at Cost		Accumulated Depreciation		Total Real Estate Investments, Net
Skilled Nursing/Transitional Care	210	23,537	$	2,802,561	$	(635,685)	$	2,166,876
Senior Housing - Leased	32	2,668	376,590		(90,236)		286,354
Senior Housing - Managed	87	8,677	2,030,267		(349,213)		1,681,054
Behavioral Health	16	1,138	473,813		(90,644)		383,169
Specialty Hospitals and Other	15	392	225,498		(58,291)		167,207
	360	36,412	5,908,729		(1,224,069)		4,684,660
Corporate Level			2,311		(594)		1,717
			$	5,911,040	$	(1,224,663)	$	4,686,377


	June 30, 2026		December 31, 2025
Land	$	604,201	$	579,586
Land improvements	12,668		11,987
Building and improvements	5,285,430		5,107,100
Furniture and equipment	210,935		202,067
Construction in progress	16,578		10,300
Total real estate at cost	6,129,812		5,911,040
Accumulated depreciation	(1,297,557)		(1,224,663)
Total real estate investments, net	$	4,832,255	$	4,686,377

As of June 30, 2026 and December 31, 2025, the Company had accrued real estate costs included in accounts payable and accrued liabilities on the accompanying consolidated balance sheets of $3.4 million and $5.9 million, respectively.

As of June 30, 2026, the Company’s aggregate commitment for future capital and other expenditures associated with facilities leased under triple-net operating leases was approximately $75 million. These commitments are principally for improvements to its facilities and include the development of the skilled nursing/transitional care facility discussed in Note 3.

The Company’s Senior Housing - Managed communities offer residents certain ancillary services that are not contemplated in the lease with each resident (i.e., housekeeping, laundry, guest meals, etc.). These services are provided and paid for in addition to the standard services included in each resident lease (i.e., room and board, standard meals, etc.). The

Company bills residents for ancillary services one month in arrears and recognizes revenue as the services are provided, as the Company has no continuing performance obligation related to those services. Resident fees and services include ancillary service revenue of $1.6 million and $3.1 million for the three and six months ended June 30, 2026, respectively, and $1.1 million and $2.3 million for the three and six months ended June 30, 2025, respectively.

The Company received property insurance proceeds related to a fire that occurred at one of the Company’s Senior Housing - Managed communities in 2022 and recorded a $1.0 million gain related to the property damage which is included in other income on the accompanying consolidated statements of (loss) income during each of the three and six months ended June 30, 2025.


	Property Type	Number of Properties as of June 30, 2026	Ownership as of June 30, 2026 (1)		Book Value
					June 30, 2026		December 31, 2025
Sienna Joint Venture	Senior Housing - Managed	12	50	%	$	105,270	$	110,283
Marlin Spring Joint Venture	Senior Housing - Managed	4	85	%	8,619		7,883
					$	113,889	$	118,166

(1) These investments are not consolidated because the Company does not control, through voting rights or other means, the joint ventures.