XML 68 R55.htm IDEA: XBRL DOCUMENT v3.24.0.1
Other Real Estate Related and Other Investments - Narrative (Details)
1 Months Ended 12 Months Ended
Dec. 15, 2023
loan
Nov. 29, 2023
USD ($)
facility
extension_option
Sep. 29, 2023
USD ($)
extension_option
facility
Jul. 17, 2023
USD ($)
extension_option
facility
Jun. 01, 2023
USD ($)
facility
Mar. 30, 2023
USD ($)
loan
Dec. 31, 2023
USD ($)
facility
Rate
Oct. 31, 2023
facility
Sep. 30, 2023
facility
Sep. 30, 2022
USD ($)
extension_option
facility
Aug. 31, 2022
USD ($)
facility
extension_option
Jun. 30, 2022
USD ($)
facility
Dec. 31, 2023
USD ($)
facility
Dec. 31, 2022
USD ($)
loan
facility
Dec. 31, 2021
USD ($)
Jun. 29, 2023
USD ($)
facility
Jan. 25, 2023
Dec. 31, 2020
facility
Financing Receivable, Allowance for Credit Loss [Line Items]                                    
Principal amount             $ 190,197,000           $ 190,197,000          
Number of facilities | facility         1   226           226          
Interest rate                                   12.00%
Number of facilities operated by existing operator | facility                     4              
Number of facilities operated by large regional operator | facility                     1              
Expected credit loss                         $ 0 $ 3,844,000 $ 0      
Next WV Realty, LLC                                    
Financing Receivable, Allowance for Credit Loss [Line Items]                                    
Number of facilities acquired | facility                       18            
Skilled Nursing Facility                                    
Financing Receivable, Allowance for Credit Loss [Line Items]                                    
Number of facilities | facility                                   9
Number of facilities acquired | facility               2 1 4                
Skilled Nursing Facility | Held for Sale | Trio Healthcare Holdings, LLC                                    
Financing Receivable, Allowance for Credit Loss [Line Items]                                    
Number of facilities | facility                           6        
Multi-service campuses                                    
Financing Receivable, Allowance for Credit Loss [Line Items]                                    
Number of facilities | facility             1           1          
Multi-service campuses | Held for Sale | Trio Healthcare Holdings, LLC                                    
Financing Receivable, Allowance for Credit Loss [Line Items]                                    
Number of facilities | facility                           1        
Mortgage Secured Loans Receivable                                    
Financing Receivable, Allowance for Credit Loss [Line Items]                                    
Payments for loans receivable             $ 10,500,000                      
Principal amount                   $ 24,900,000 $ 22,300,000              
Number of loans | loan 1                                  
Number of extension option | extension_option                   2 2              
Extension option, term (year)                   1 year 1 year              
Earnout advance                   $ 4,700,000                
Subservicing fee percentage                   100.00% 50.00%              
Mortgage Secured Loans Receivable | Next WV Realty, LLC                                    
Financing Receivable, Allowance for Credit Loss [Line Items]                                    
Principal amount                       $ 75,000,000            
Loan receivable interest rate                       8.50%            
Servicing fee threshold                       8.25%            
Effective rate                       8.375%            
Mortgage Secured Loans Receivable | SOFR                                    
Financing Receivable, Allowance for Credit Loss [Line Items]                                    
Loans receivable, basis spread on variable rate                   4.50% 4.25%              
Floor rate                   1.00% 1.00%              
Mortgage Secured Loans Receivable | Minimum                                    
Financing Receivable, Allowance for Credit Loss [Line Items]                                    
Early termination fee                   1.00% 2.00%              
Subservicing fee percentage                   9.00% 8.25%              
Mortgage Secured Loans Receivable | Minimum | Next WV Realty, LLC                                    
Financing Receivable, Allowance for Credit Loss [Line Items]                                    
Early termination fee                       1.00%            
Mortgage Secured Loans Receivable | Maximum                                    
Financing Receivable, Allowance for Credit Loss [Line Items]                                    
Early termination fee                   3.00% 3.00%              
Mortgage Secured Loans Receivable | Maximum | Next WV Realty, LLC                                    
Financing Receivable, Allowance for Credit Loss [Line Items]                                    
Early termination fee                       3.00%            
Mortgage Secured Loans Receivable | Weighted Average | SOFR                                    
Financing Receivable, Allowance for Credit Loss [Line Items]                                    
Loans receivable, basis spread on variable rate                   2.85% 2.75%              
Mezzanine Loan Receivable                                    
Financing Receivable, Allowance for Credit Loss [Line Items]                                    
Payments for loans receivable           $ 15,000,000                        
Number of loans | loan           1                        
Mezzanine Loan Receivable | Next WV Realty, LLC                                    
Financing Receivable, Allowance for Credit Loss [Line Items]                                    
Principal amount                       $ 25,000,000            
Loan receivable interest rate                       11.00%            
Mortgage Secured Loan Receivable, September 29, 2026 Maturity                                    
Financing Receivable, Allowance for Credit Loss [Line Items]                                    
Principal amount   $ 6,300,000                                
Interest rate   9.90% 12.00%                              
Extension option, term (year)   6 months 6 months                              
Early termination fee   2.00%                                
Mortgage Secured Loan Receivable, September 29, 2026 Maturity | E3 Acquisition, LLC                                    
Financing Receivable, Allowance for Credit Loss [Line Items]                                    
Preferred equity investment             $ 1,800,000                      
Preferred rate | Rate             15.00%                      
Repayment period             15 months                      
Mortgage Secured Loan Receivable, September 29, 2026 Maturity | Assisted Living Facilities                                    
Financing Receivable, Allowance for Credit Loss [Line Items]                                    
Number of facilities | facility   1                                
Mortgage Secured Loan Receivable, September 29, 2026 Maturity | Skilled Nursing Facility                                    
Financing Receivable, Allowance for Credit Loss [Line Items]                                    
Number of facilities | facility     3                              
Number of extension option | extension_option   2 2                              
Mortgage Secured Loan Receivable, September 29, 2026 Maturity | Skilled Nursing Facility | Minimum                                    
Financing Receivable, Allowance for Credit Loss [Line Items]                                    
Early termination fee     0.00%                              
Mortgage Secured Loan Receivable, September 29, 2026 Maturity | Skilled Nursing Facility | Maximum                                    
Financing Receivable, Allowance for Credit Loss [Line Items]                                    
Early termination fee     2.00%                              
Mortgage Secured Loan Receivable, September 29, 2026 Maturity | Multi-Tranche Facilities                                    
Financing Receivable, Allowance for Credit Loss [Line Items]                                    
Principal amount     $ 3,600,000       $ 3,600,000           $ 3,600,000          
Mortgage Secured Loan Receivable August 1, 2028 Maturity | SOFR                                    
Financing Receivable, Allowance for Credit Loss [Line Items]                                    
Interest rate                                 8.75%  
Mortgage Secured Loan Receivable August 1, 2028 Maturity | Skilled Nursing Facility                                    
Financing Receivable, Allowance for Credit Loss [Line Items]                                    
Principal amount       $ 15,700,000                            
Number of facilities | facility       2                            
Interest rate       9.00%                            
Number of extension option | extension_option       1                            
Extension option, term (year)       5 years                            
Mortgage Secured Loan Receivable August 1, 2028 Maturity | Skilled Nursing Facility | Minimum                                    
Financing Receivable, Allowance for Credit Loss [Line Items]                                    
Early termination fee       2.00%                         1.00%  
Mortgage Secured Loan Receivable August 1, 2028 Maturity | Skilled Nursing Facility | Maximum                                    
Financing Receivable, Allowance for Credit Loss [Line Items]                                    
Early termination fee       3.00%                         2.00%  
Mortgage secured loans receivable | Skilled Nursing Facility                                    
Financing Receivable, Allowance for Credit Loss [Line Items]                                    
Principal amount                               $ 26,000,000    
Number of facilities | facility                               1    
Interest rate                               9.00%    
Mortgage secured loans receivable | Skilled Nursing Facility | Minimum                                    
Financing Receivable, Allowance for Credit Loss [Line Items]                                    
Early termination fee                               0.00%    
Mortgage secured loans receivable | Skilled Nursing Facility | Maximum                                    
Financing Receivable, Allowance for Credit Loss [Line Items]                                    
Early termination fee                               3.00%    
Mortgage secured loans receivable | Independent Living Facilities                                    
Financing Receivable, Allowance for Credit Loss [Line Items]                                    
Number of facilities | facility                               1    
Mortgage secured loans receivable                                    
Financing Receivable, Allowance for Credit Loss [Line Items]                                    
Extension option, term (year)         1 year                          
Mortgage secured loans receivable | Assisted Living Facilities                                    
Financing Receivable, Allowance for Credit Loss [Line Items]                                    
Principal amount         $ 2,000,000                          
Interest rate         9.00%                          
B Tranche Mortgage Loan | Skilled Nursing Facility                                    
Financing Receivable, Allowance for Credit Loss [Line Items]                                    
Number of facilities acquired by borrower | facility                     5              
Other loans receivable                                    
Financing Receivable, Allowance for Credit Loss [Line Items]                                    
Principal amount             $ 17,094,000           17,094,000          
Expected credit loss                         $ 0 $ 4,600,000 $ 0      
Number of loans receivable with provision | loan                           2        
Unfunded loan commitment                           $ 400,000        
Write-off                           800,000        
Other loans receivable | Skilled Nursing Facility                                    
Financing Receivable, Allowance for Credit Loss [Line Items]                                    
Write-off                           $ 2,500,000        
Other loans receivable | Multi-service campuses                                    
Financing Receivable, Allowance for Credit Loss [Line Items]                                    
Number of loans receivable with provision | loan                           1