Dispositions of Real Estate and Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2022

Discontinued Operations and Disposal Groups [Abstract]

Summary of Dispositions of Real Estate and Discontinued Operations

The following summarizes the assets and liabilities classified as held for sale or as discontinued operations at December 31, 2022 and 2021, 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,
	2022		2021
ASSETS
Accounts receivable, net of allowance of $0 and $4,138	$	—	$	2,446
Cash and cash equivalents	—		7,707
Right-of-use asset, net	—		26
Other assets, net	—		3,237
Total assets of discontinued operations, net	—		13,416
Assets held for sale, net(1)	49,866		23,774
Assets held for sale and discontinued operations, net	$	49,866	$	37,190
LIABILITIES
Lease liability	$	—	$	26
Accounts payable, accrued liabilities, and other liabilities	—		14,843
Deferred revenue	—		92
Total liabilities of discontinued operations, net	—		14,961
Liabilities related to assets held for sale, net(1)	4,070		95
Liabilities related to assets held for sale and discontinued operations, net	$	4,070	$	15,056

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(1)As of December 31, 2022, included two life science assets primarily comprised of net real estate assets of $44 million. As of December 31, 2021, included four MOBs and one life science facility primarily comprised of net real estate assets of $23 million.

	Year Ended December 31,
	2022		2021		2020
Revenues:
Rental and related revenues	$	—	$	7,535	$	97,877
Resident fees and services	7,489		114,936		621,253
Total revenues	7,489		122,471		719,130
Costs and expenses:
Interest expense	—		3,900		10,538
Depreciation and amortization	—		—		143,194
Operating	6,452		122,571		550,226
Transaction costs	—		76		20,426
Impairments and loan loss reserves (recoveries), net	—		32,736		201,344
Total costs and expenses	6,452		159,283		925,728
Other income (expense):
Gain (loss) on sales of real estate, net	1,344		414,721		460,144
Other income (expense), net	169		4,189		5,475
Total other income (expense), net	1,513		418,910		465,619
Income (loss) before income taxes and equity income (loss) from unconsolidated joint ventures	2,550		382,098		259,021
Income tax benefit (expense)	270		969		9,913
Equity income (loss) from unconsolidated joint ventures	64		5,135		(1,188)
Income (loss) from discontinued operations	$	2,884	$	388,202	$	267,746