Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2021

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

The following tables reconcile the segment activity to consolidated net loss for the years ended December 31, 2021, 2020 and 2019:

	Year Ended December 31, 2021
(In thousands)	Medical Office Buildings		Seniors Housing — Operating Properties		Consolidated
Revenue from tenants	$	122,867	$	206,488	$	329,355
Property operating and maintenance	34,480		171,333		205,813
NOI	$	88,387	$	35,155	123,542
Impairment charges					(40,951)
Operating fees to related parties					(24,206)
Acquisition and transaction related					(2,714)
General and administrative					(16,828)
Depreciation and amortization					(79,926)
Gain on sale of real estate investments					3,648
Interest expense					(47,900)
Interest and other income					61
Loss on non designated derivatives					37
Income tax expense					(203)
Net income attributable to non-controlling interests					260
Allocation for preferred stock					(7,762)
Net loss attributable to common stockholders					$	(92,942)

	Year Ended December 31, 2020
(In thousands)	Medical Office Buildings		Seniors Housing — Operating Properties		Consolidated
Revenue from tenants	$	119,824	$	261,788	$	381,612
Property operating and maintenance	32,812		210,736		243,548
NOI	87,012		51,052		138,064
Impairment charges					(36,446)
Operating fees to related parties					(23,922)
Acquisition and transaction related					(173)
General and administrative					(21,572)
Depreciation and amortization					(81,053)
Interest expense					(51,519)
Interest and other income					44
Gain on sale of real estate investments					5,230
Loss on sale of non-designated derivatives					(102)
Income tax expense					(4,061)
Net loss attributable to non-controlling interests					(303)
Allocation for preferred stock					(2,968)
Net loss attributable to common stockholders					$	(78,781)

	Year Ended December 31, 2019
(In thousands)	Medical Office Buildings		Seniors Housing — Operating Properties		Consolidated
Revenue from tenants	$	114,943	$	259,971	$	374,914
Property operating and maintenance	34,123		200,062		234,185
NOI	80,820		59,909		140,729
Impairment charges					(55,969)
Operating fees to related parties					(23,414)
Acquisition and transaction related					(362)
General and administrative					(20,530)
Depreciation and amortization					(81,032)
Gain on sale of real estate investment					8,790
Interest expense					(56,059)
Interest and other income					7
Loss on non-designated derivatives					(68)
Income tax expense					(399)
Net loss attributable to non-controlling interests					393
Allocation for preferred stock					(173)
Net loss attributable to common stockholders					$	(88,087)

The following table reconciles the segment activity to consolidated total assets as of the periods presented:

	December 31,
(In thousands)	2021		2020
ASSETS
Investments in real estate, net:
Medical office and other healthcare-related buildings	$	1,149,241	$	1,121,898
Seniors housing — operating properties	900,686		987,050
Total investments in real estate, net	2,049,927		2,108,948
Cash and cash equivalents	59,738		72,357
Restricted cash	25,644		17,989
Assets held for sale	—		90
Derivative assets, at fair value	174		13
Straight-line rent receivable, net	23,858		23,322
Operating lease right-of-use asset	7,914		13,912
Prepaid expenses and other assets	32,564		34,932
Deferred costs, net	14,581		15,332
Total assets	$	2,214,400	$	2,286,895

The following table reconciles capital expenditures by reportable business segments, excluding corporate non-real estate expenditures, for the periods presented:

	Year Ended December 31,
(In thousands)	2021		2020		2019
Medical office and other healthcare-related buildings	$	6,152	$	8,561	$	5,705
Seniors housing — operating properties	12,919		12,833		11,014
Total capital expenditures	$	19,071	$	21,394	$	16,719