IMPAIRMENT OF REAL ESTATE INVESTMENTS, ASSETS HELD FOR SALE AND ASSET SALES - (Tables)

6 Months Ended

Jun. 30, 2025

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 three and six months ended June 30, 2025 and 2024 (dollars in thousands):

	Three Months Ended June 30,				Six Months Ended June 30,
	2025		2024		2025		2024
Number of facilities(1)	—		1		5		3
Net sales proceeds(2)	$	—	$	94	$	44,401	$	1,140
Net carrying value	—		73		40,525		1,108
Net gain on sale	$	—	$	21	$	3,876	$	32

(1) One non-operational previously impaired facility sold during the six months ended June 30, 2025 was not classified as held for sale as of December 31, 2024.

(2) Net sales proceeds for the six months ended June 30, 2024 includes $1.0 million of seller financing in connection with the sale of one ALF in January 2024.

The following table summarizes the Company’s assets held for sale activity for the six months ended June 30, 2025 and 2024 (dollars in thousands):

	Net Carrying Value		Number of Facilities
December 31, 2024	$	57,261	10
Additions to assets held for sale	38,430		10
Assets sold	(40,525)		(4)
June 30, 2025	$	55,166	16
December 31, 2023	$	15,011	14
Additions to assets held for sale	43,305		9
Assets sold	(1,108)		(3)
Impairment of real estate held for sale	(28,455)		—
June 30, 2024	$	28,753	20