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Dispositions of Real Estate and Discontinued Operations (Tables)
 12 Months Ended
Dec. 31, 2021
Discontinued Operations and Disposal Groups [Abstract]  
Summary of Dispositions of Real Estate and Discontinued Operations
The following summarizes the assets and liabilities classified as discontinued operations at December 31, 2021 and 2020, which are included in assets held for sale and discontinued operations, net and liabilities related to assets held for sale and discontinued operations, net, respectively, on the Consolidated Balance Sheets (in thousands):
December 31,
20212020
ASSETS
Real estate:
Buildings and improvements$— $2,553,254 
Development costs and construction in progress— 21,509 
Land— 355,803 
Accumulated depreciation and amortization— (615,708)
Net real estate— 2,314,858 
Investments in and advances to unconsolidated joint ventures— 5,842 
Accounts receivable, net of allowance of $4,138 and $5,873
2,446 20,500 
Cash and cash equivalents7,707 53,085 
Restricted cash— 17,168 
Intangible assets, net— 24,541 
Right-of-use asset, net26 4,109 
Other assets, net(1)
3,237 103,965 
Total assets of discontinued operations, net(2)
13,416 2,544,068 
Assets held for sale, net(3)
23,774 82,238 
Assets held for sale and discontinued operations, net$37,190 $2,626,306 
LIABILITIES
Mortgage debt$— $318,876 
Lease liability26 3,189 
Accounts payable, accrued liabilities, and other liabilities14,843 79,411 
Deferred revenue92 11,442 
Total liabilities of discontinued operations, net(2)
14,961 412,918 
Liabilities related to assets held for sale, net(3)
95 2,819 
Liabilities related to assets held for sale and discontinued operations, net$15,056 $415,737 
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(1)Includes goodwill of zero and $29 million as of December 31, 2021 and 2020, respectively.
(2)At December 31, 2021, there were no remaining senior housing triple-net or SHOP facilities classified as held for sale and discontinued operations. At December 31, 2020, 41 senior housing triple-net facilities, 97 SHOP facilities, and 1 SHOP joint venture were classified as held for sale and discontinued operations.
(3)As of December 31, 2021, primarily comprised of four MOBs and one life science facility with net real estate assets of $23 million and right-of-use asset, net of $1 million. As of December 31, 2020, primarily comprised of six MOBs with net real estate assets of $73 million and deferred revenue of $2 million.
Summarized financial information for discontinued operations for the years ended December 31, 2021, 2020, and 2019 are as follows (in thousands):
 Year Ended December 31,
 202120202019
Revenues:
Rental and related revenues$7,535 $97,877 $152,576 
Resident fees and services114,936 621,253 583,653 
Income from direct financing leases— — 20,815 
Total revenues122,471 719,130 757,044 
Costs and expenses:
Interest expense3,900 10,538 8,007 
Depreciation and amortization— 143,194 224,798 
Operating122,571 550,226 474,126 
Transaction costs76 20,426 6,780 
Impairments and loan loss reserves (recoveries), net32,736 201,344 208,229 
Total costs and expenses159,283 925,728 921,940 
Other income (expense):
Gain (loss) on sales of real estate, net414,721 460,144 22,940 
Other income (expense), net4,189 5,475 17,060 
Total other income (expense), net418,910 465,619 40,000 
Income (loss) before income taxes and equity income (loss) from unconsolidated joint ventures382,098 259,021 (124,896)
Income tax benefit (expense)969 9,913 11,783 
Equity income (loss) from unconsolidated joint ventures5,135 (1,188)(2,295)
Income (loss) from discontinued operations$388,202 $267,746 $(115,408)