Segment Disclosures

9 Months Ended

Sep. 30, 2024

Segment Reporting [Abstract]

Segment Disclosures

Note 8. Segment Disclosures

We have historically operated in two reportable business segments: (i) student housing and (ii) senior housing.

On June 7, 2024, the Company executed an agreement of purchase and sale with an unaffiliated third party for the sale of our sole remaining student housing property located in Fayetteville, Arkansas (“Fayetteville property”). On July 31, 2024, the Fayetteville property was sold. Subsequent to the sale, the Company only operates in a single segment, senior housing.

In June 2024, we concluded that the Fayetteville property sale qualified as discontinued operations as the property met the criteria of held for sale, and the disposal represents a strategic shift in our business as we will no longer own or operate student housing properties. Please see Note 3 - Discontinued Operations for additional details.