CONCENTRATION OF RISK (Tables)

6 Months Ended

Jun. 30, 2025

Risks and Uncertainties [Abstract]

Schedules of Concentration of Risk

Major operator concentration – The Company has operators from which it derived 10% or more of its revenue for the six months ended June 30, 2025 and 2024. The following table sets forth information regarding the Company’s major operators as of June 30, 2025 and 2024:

	Percentage of Total Revenue
Operator/Borrower	Three Months Ended		Six Months Ended
June 30, 2025(1)
Ensign(2)	19	%	20	%
PACS(2)	10	%	10	%
June 30, 2024(1)
Ensign(2)	29	%	29	%
Priority Management Group	13	%	13	%

(1) The Company’s rental income and interest income on other real estate related investments, exclusive of operating expense reimbursements.

(2) Ensign and the PACS Group, Inc. (“PACS”) are subject to the registration and reporting requirements of the SEC and are required to file with the SEC annual reports containing audited financial information and quarterly reports containing unaudited financial information. Ensign and PACS’s financial statements, as filed with the SEC, can be found at http://www.sec.gov. The Company has not verified this information through an independent investigation or otherwise.

Major geographic concentration – The following table provides information regarding the Company’s concentrations with respect to certain geographies, from which the Company derived 10% or more of its revenue for the six months ended June 30, 2025 and 2024:

	Percentage of Total Revenue
Geography	Three Months Ended		Six Months Ended
June 30, 2025(1)
CA	21	%	22	%
TN	11	%	11	%
TX	11	%	11	%
U.K.	10	%	6	%
June 30, 2024(1)
CA	30	%	30	%
TX	20	%	20	%

(1) Based on the Company’s rental income and interest income on other real estate related investments, exclusive of operating expense reimbursements.