XML 56 R45.htm IDEA: XBRL DOCUMENT v3.21.1
Master Transactions and Cooperation Agreement with Brookdale (Details)
1 Months Ended 3 Months Ended 12 Months Ended
Jan. 31, 2020
USD ($)
property
lease
Dec. 31, 2020
USD ($)
property
Oct. 31, 2019
USD ($)
property
Mar. 31, 2021
USD ($)
property
Mar. 31, 2020
USD ($)
property
Dec. 31, 2020
USD ($)
property
Jan. 31, 2021
property
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]              
Property count | property 15            
Number of properties disposed | property         18    
Capital investment   $ 5,000,000       $ 5,000,000  
Gain upon change of control, net       $ 1,042,000 $ 167,434,000    
Long-term debt       6,041,221,000      
Gain on sales of real estate, net       $ 0 $ 2,069,000    
Measurement Input, Discount Rate | Minimum              
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]              
Measurement input 0.10            
Measurement Input, Discount Rate | Maximum              
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]              
Measurement input 0.12            
Measurement Input, Annual Rent Escalators | Minimum              
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]              
Measurement input 0.02            
Measurement Input, Annual Rent Escalators | Maximum              
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]              
Measurement input 0.03            
Measurement Input, Cap Rate | Minimum              
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]              
Measurement input 0.07            
Measurement Input, Cap Rate | Maximum              
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]              
Measurement input 0.09            
Brookedale MTCA              
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]              
Number of properties disposed | property 18         18  
Cash proceeds $ 385,000,000            
Gain on sales of real estate, net $ 164,000,000            
CCRC JV              
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]              
Property count | property       2      
Investment ownership percentage 49.00%     49.00%      
Equity method investments   $ 1,581,000   $ 6,481,000   $ 1,581,000  
CCRC JV | Brookedale MTCA              
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]              
Interest acquired 51.00%            
Purchase cost $ 1,060,000,000.00            
Management termination fee $ 100,000,000            
Number of assets to be sold | property     2        
CCRC JV | Brookedale MTCA              
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]              
Property count | property 15            
Number of properties acquired | property 13       13    
Equity method investments $ 323,000,000            
Real estate and intangible assets         $ 1,800,000,000    
Refundable entrance fee liabilities         308,000,000    
Non-refundable entrance fee liabilities         436,000,000    
Long-term debt         215,000,000    
Working capital         48,000,000    
Cash paid         $ 396,000,000    
CCRC JV | Brookedale MTCA | Government grant income recorded in other income (expense), net              
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]              
Gain upon change of control, net $ 170,000,000            
Senior Housing Triple-Net              
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]              
Number of assets to be sold | property           21  
2019 Amended Master Lease | Brookedale MTCA              
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]              
Annual rent escalator 2.40%            
Assets Leased to Others | 2019 Amended Master Lease | Brookedale MTCA              
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]              
Number of properties to be restructured | property 24           24
Number of leases to be terminated 1 1          
Percent of sales proceeds 6.50%            
Number of properties to be reallocated | property 14            
Future rent $ 20,000,000            
Capital investment     $ 35,000,000        
Capital investment term     5 years        
Annual percent increase     7.00%        
Other Non-reportable Segments              
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]              
Number of assets to be sold | property           1  
Other Non-reportable Segments | Assets Leased to Others              
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]              
Property count | property   1       1  
Other Non-reportable Segments | Assets Leased to Others | Brookedale MTCA              
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]              
Property count | property 13            
Other Non-reportable Segments | Assets Leased to Others | CCRC JV              
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]              
Property count | property     15        
Other Non-reportable Segments | Assets Leased to Others | CCRC JV | Brookedale MTCA              
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]              
Property count | property 13            
Senior Housing Triple-Net              
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]              
Number of assets to be sold | property         18    
Senior Housing Triple-Net | Assets Leased to Others              
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]              
Property count | property     43