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SEGMENT INFORMATION (Tables)
9 Months Ended
Sep. 30, 2022
Segment Reporting [Abstract]  
Summary information by reportable business segment Summary information by reportable business segment is as follows (dollars in thousands):
For the Three Months Ended September 30, 2022
SHOPOffice
Operations
Triple-Net
Leased
Properties
Non-SegmentTotal
Revenues:     
Rental income$— $200,867 $150,115 $— $350,982 
Resident fees and services668,583 — — — 668,583 
Office building and other services revenue— 547 — 4,003 4,550 
Income from loans and investments— — — 12,672 12,672 
Interest and other income— — — 489 489 
Total revenues$668,583 $201,414 $150,115 $17,164 $1,037,276 
Total revenues$668,583 $201,414 $150,115 $17,164 $1,037,276 
Less:     
Interest and other income— — — 489 489 
Property-level operating expenses499,972 66,098 3,756 — 569,826 
Office building and other services costs— — — 1,7501,750 
NOI$168,611 $135,316 $146,359 $14,925 465,211 
Interest and other income    489 
Interest expense    (119,413)
Depreciation and amortization    (301,481)
General, administrative and professional fees    (35,421)
Loss on extinguishment of debt, net(574)
Transaction expenses and deal costs    (4,782)
Allowance on loans receivable and investments63 
Other    (9,162)
Income from unconsolidated entities1,970 
Gain on real estate dispositions136 
Income tax benefit    6,027 
Income from continuing operations    3,063 
Net income3,063 
Net income attributable to noncontrolling interests1,807 
Net income attributable to common stockholders$1,256 
For the Three Months Ended September 30, 2021
SHOPOffice
Operations
Triple-Net
Leased
Properties
Non-SegmentTotal
Revenues:     
Rental income$— $201,673 $181,379 $— $383,052 
Resident fees and services558,039 — — — 558,039 
Office building and other services revenue— 2,872 — 2,969 5,841 
Income from loans and investments— — — 28,729 28,729 
Interest and other income— — — 417 417 
Total revenues$558,039 $204,545 $181,379 $32,115 $976,078 
Total revenues$558,039 $204,545 $181,379 $32,115 $976,078 
Less:     
Interest and other income— — — 417 417 
Property-level operating expenses453,659 66,401 3,268 — 523,328 
Office building and other services costs— 522 — — 522 
NOI$104,380 $137,622 $178,111 $31,698 451,811 
Interest and other income    417 
Interest expense    (108,816)
Depreciation and amortization    (313,596)
General, administrative and professional fees    (30,259)
Loss on extinguishment of debt, net(29,792)
Transaction expenses and deal costs    (22,662)
Allowance on loans receivable and investments60 
Other    (33,673)
Income from unconsolidated entities2,772 
Gain on real estate dispositions150,292 
Income tax expense    (3,780)
Income from continuing operations    62,774 
Net income62,774 
Net income attributable to noncontrolling interests2,094 
Net income attributable to common stockholders$60,680 
For the Nine Months Ended September 30, 2022
SHOPOffice
Operations
Triple-Net
Leased
Properties
Non-SegmentTotal
Revenues:     
Rental income$— $600,648 $451,073 $— $1,051,721 
Resident fees and services1,977,760 — — — 1,977,760 
Office building and other services revenue— 1,834 — 10,991 12,825 
Income from loans and investments— — — 33,271 33,271 
Interest and other income— — — 2,191 2,191 
Total revenues$1,977,760 $602,482 $451,073 $46,453 $3,077,768 
Total revenues$1,977,760 $602,482 $451,073 $46,453 $3,077,768 
Less:     
Interest and other income— — — 2,191 2,191 
Property-level operating expenses1,482,948 192,609 11,349 — 1,686,906 
Office building and other services costs— — — 4,473 4,473 
NOI$494,812 $409,873 $439,724 $39,789 1,384,198 
Interest and other income    2,191 
Interest expense    (344,158)
Depreciation and amortization    (873,620)
General, administrative and professional fees    (111,334)
Loss on extinguishment of debt, net(581)
Transaction expenses and deal costs    (37,852)
Allowance on loans receivable and investments179 
Other    (30,088)
Loss from unconsolidated entities(3,346)
Gain on real estate dispositions2,557 
Income tax benefit    14,307 
Income from continuing operations2,453 
Net income2,453 
Net income attributable to noncontrolling interests4,881 
Net loss attributable to common stockholders    $(2,428)
For the Nine Months Ended September 30, 2021
SHOPOffice
Operations
Triple-Net
Leased
Properties
Non-SegmentTotal
Revenues:     
Rental income$— $599,516 $500,487 $— $1,100,003 
Resident fees and services1,622,641 — — — 1,622,641 
Office building and other services revenue— 7,756 — 8,416 16,172 
Income from loans and investments— — — 65,404 65,404 
Interest and other income— — — 1,343 1,343 
Total revenues$1,622,641 $607,272 $500,487 $75,163 $2,805,563 
Total revenues$1,622,641 $607,272 $500,487 $75,163 $2,805,563 
Less:     
Interest and other income— — — 1,343 1,343 
Property-level operating expenses1,296,301 195,297 12,525 — 1,504,123 
Office building and other services costs— 1,798 — — 1,798 
NOI$326,340 $410,177 $487,962 $73,820 1,298,299 
Interest and other income    1,343 
Interest expense    (329,634)
Depreciation and amortization    (878,444)
General, administrative and professional fees    (101,156)
Loss on extinguishment of debt, net(56,808)
Transaction expenses and deal costs    (28,000)
Allowance on loans receivable and investments9,021 
Other    (10,755)
Income from unconsolidated entities7,289 
Gain on real estate dispositions194,083 
Income tax expense    (9,574)
Income from continuing operations    95,664 
Net income95,664 
Net income attributable to noncontrolling interests5,802 
Net income attributable to common stockholders$89,862