COMMITMENTS AND CONTINGENCIES (Tables)

12 Months Ended

Dec. 31, 2024

Commitments and Contingencies Disclosure [Abstract]

Schedule of Commitments and Contingencies

The table below summarizes the Company’s existing, known commitments and contingencies as of December 31, 2024 (dollars in thousands):

	Remaining Commitment
Capital expenditures(1)	$	6,565
Other loans receivable(2)	6,826
Earn-out obligation(3)	10,000
	$	23,391

(1)As of December 31, 2024, the Company had committed to fund expansions, construction, capital improvements and ESG incentives at certain triple-net leased facilities totaling $6.6 million, of which $5.7 million is subject to rent increase at the time of funding.

(2)Represents working capital loan commitments.

(3)Includes an earn-out obligation of up to $10.0 million under a purchase and sale agreement for one SNF in Virginia, which was acquired during 2024. The earn-out is available, contingent on the operator achieving certain thresholds per the agreement, beginning in October 2025 through October 2026.