Concentration of Risk (Tables)

12 Months Ended

Dec. 31, 2022

Major operator concentration – The Company has operators from which it derived 10% or more of its rental revenue for the years ended December 31, 2022, 2021 and 2020. The following table sets forth information regarding the Company’s major operators as of December 31, 2022, 2021 and 2020:


	Number of Facilities			Number of Beds/Units			Percentage of Total Revenue(1)
Operator(2)	SNF	Campus	ALF/ILF	SNF	Campus	ALF/ILF
December 31, 2022
Ensign	83	8	7	8,741	997	661	35	%
PMG	13	2	—	1,742	402	—	16	%

December 31, 2021
Ensign	83	8	4	8,756	997	395	32	%
PMG	13	2	—	1,742	402	—	15	%

December 31, 2020
Ensign	77	8	4	8,129	1,027	390	32	%
PMG	13	2	—	1,742	403	—	16	%

(1) The Company’s rental income, exclusive of operating expense reimbursements.

(2) See Note 3, Real Estate Investments, Net, for further information regarding Ensign and PMG. Ensign is subject to the registration and reporting requirements of the SEC and is required to file with the SEC annual reports containing audited financial information and quarterly reports containing unaudited financial information. Ensign’s financial statements, as filed with the SEC, can be found at http://www.sec.gov. The Company has not verified this information through an independent investigation or otherwise.

Major geographic concentration – The following table provides information regarding the Company’s concentrations with respect to certain states, from which the Company derived 10% or more of its rental revenue for the year ended December 31, 2022 and 2021:


	Number of Facilities			Number of Beds/Units			Percentage of Total Revenue(1)
State	SNF	Campus	ALF/ILF	SNF	Campus	ALF/ILF
December 31, 2022
CA	27	8	5	3,048	1,359	437	26	%
TX	38	3	3	4,849	536	242	22	%

December 31, 2021
CA	27	8	5	3,048	1,359	449	25	%
TX	37	3	3	4,694	536	242	20	%

(1) The Company’s rental income, exclusive of operating expense reimbursements and adjustments for collectibility.