SEGMENT INFORMATION (Tables)

3 Months Ended

Mar. 31, 2021

Segment Reporting [Abstract]

Summary information by reportable business segment

	For the Three Months Ended March 31, 2021
	Triple-Net Leased Properties		Senior Living Operations		Office Operations		All Other		Total
	(In thousands)
Revenues:
Rental income	$	159,885	$	—	$	197,455	$	—	$	357,340
Resident fees and services	—		528,650		—		—		528,650
Office building and other services revenue	—		—		2,345		2,605		4,950
Income from loans and investments	—		—		—		19,010		19,010
Interest and other income	—		—		—		341		341
Total revenues	$	159,885	$	528,650	$	199,800	$	21,956	$	910,291
Total revenues	$	159,885	$	528,650	$	199,800	$	21,956	$	910,291
Less:
Interest and other income	—		—		—		341		341
Property-level operating expenses	4,825		417,829		63,946		—		486,600
Office building services costs	—		—		618		—		618
Segment NOI	$	155,060	$	110,821	$	135,236	$	21,615	422,732
Interest and other income									341
Interest expense									(110,767)
Depreciation and amortization									(314,148)
General, administrative and professional fees									(40,309)
Loss on extinguishment of debt, net									(27,090)
Merger-related expenses and deal costs									(4,617)
Allowance on loans receivable and investments									8,902
Other									9,428
Loss from unconsolidated entities									(250)
Gain on real estate dispositions									2,533
Income tax expense									(2,153)
Loss from continuing operations									(55,398)
Net loss									(55,398)
Net income attributable to noncontrolling interests									1,811
Net loss attributable to common stockholders									$	(57,209)

	For the Three Months Ended March 31, 2020
	Triple-Net Leased Properties		Senior Living Operations		Office Operations		All Other		Total
	(In thousands)
Revenues:
Rental income	$	194,862	$	—	$	208,395	$	—	$	403,257
Resident fees and services	—		576,770		—		—		576,770
Office building and other services revenue	—		—		2,174		954		3,128
Income from loans and investments	—		—		—		24,046		24,046
Interest and other income	—		—		—		4,853		4,853
Total revenues	$	194,862	$	576,770	$	210,569	$	29,853	$	1,012,054
Total revenues	$	194,862	$	576,770	$	210,569	$	29,853	$	1,012,054
Less:
Interest and other income	—		—		—		4,853		4,853
Property-level operating expenses	6,331		410,131		64,506		—		480,968
Office building services costs	—		—		727		—		727
Segment NOI	$	188,531	$	166,639	$	145,336	$	25,000	525,506
Interest and other income									4,853
Interest expense									(116,696)
Depreciation and amortization									(248,837)
General, administrative and professional fees									(40,460)
Merger-related expenses and deal costs									(8,218)
Other									(5,783)
Loss from unconsolidated entities									(10,876)
Gain on real estate dispositions									226,225
Income tax benefit									149,016
Income from continuing operations									474,730
Net income									474,730
Net income attributable to noncontrolling interests									1,613
Net income attributable to common stockholders									$	473,117

Capital expenditures, including investments in real estate property and development project expenditures, by reportable business segment

Capital expenditures, including investments in real estate property and development project expenditures, by reportable business segment are as follows:

	For the Three Months Ended March 31,
	2021		2020
	(In thousands)
Capital expenditures:
Triple-net leased properties	$	8,218	$	7,685
Senior living operating properties	48,717		51,884
Office properties	31,547		140,988
Total capital expenditures	$	88,482	$	200,557

Revenues from external customers by geographic area

Our portfolio of properties and mortgage loan and other investments are located in the United States, Canada and the United Kingdom. Revenues are attributed to an individual country based on the location of each property. Geographic information regarding our operations is as follows:

	For the Three Months Ended March 31,
	2021		2020
	(In thousands)
Revenues:
United States	$	797,768	$	908,193
Canada	105,033		96,970
United Kingdom	7,490		6,891
Total revenues	$	910,291	$	1,012,054

Net real estate property by geographic area

	As of March 31, 2021		As of December 31, 2020
	(In thousands)
Net real estate property:
United States	$	17,032,537	$	17,303,816
Canada	3,028,035		2,983,924
United Kingdom	261,189		262,295
Total net real estate property	$	20,321,761	$	20,550,035