Impairment of Real Estate Investments, Assets Held for Sale, Net and Asset Sales - (Tables)

12 Months Ended

Dec. 31, 2023

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Asset Sales and Held for Sale Reclassifications

The following table summarizes the Company’s dispositions for the years ended December 31, 2023, 2022 and 2021 (dollars in thousands):

	Twelve Months Ended December 31,
	2023		2022(1)		2021(1)
Number of facilities	5		13		1
Net sales proceeds(2)	$	18,313	$	57,149	$	7,178
Net carrying value	16,095		60,918		7,255
Net gain (loss) on sale	$	2,218	$	(3,769)	$	(77)

(1)Net sales proceeds, net carrying value and net gain (loss) on sale also reflect a land parcel that was sold in each of the years ended December 31, 2022 and 2021, which is not included in the number of facilities.

(2)Net sales proceeds includes $2 million of seller financing in connection with the sale of one ALF in June 2023. Net sales proceeds includes $12 million of seller financing in connection with the sale of six SNFs and one multi-service campus in September 2022.

The following table summarizes the Company’s assets held for sale activity for the year ended December 31, 2023 (dollars in thousands):

	Net Carrying Value		Number of Facilities
December 31, 2022	$	12,291	5
Additions to assets held for sale	47,114		14
Assets sold	(16,095)		(5)
Impairment of real estate held for sale	(28,299)		—
December 31, 2023	$	15,011	14