COMMITMENTS AND CONTINGENCIES (Tables)

3 Months Ended

Mar. 31, 2025

Commitments and Contingencies Disclosure [Abstract]

Schedule of Commitments and Contingencies

The table below summarizes the Company’s existing, known commitments and contingencies as of March 31, 2025 (in thousands):

	Remaining Commitment
Capital expenditures(1)	$	7,163
Mortgage loans(2)	9,066
Other loans receivable(3)	12,166
Earn-out obligation(4)	10,000
	$	38,395

(1)As of March 31, 2025, the Company had committed to fund expansions, construction, capital improvements and ESG incentives at certain triple-net leased facilities totaling $7.2 million, of which $6.3 million is subject to rent increase at the time of funding.

(2)Includes an earn-out advance of $9.0 million related to one mortgage loan, upon satisfaction of certain conditions.

(3)Represents non-real estate secured loan commitments.

(4)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.