Dispositions of Real Estate and Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2023

Discontinued Operations and Disposal Groups [Abstract]

Summary of Dispositions of Real Estate and Discontinued Operations

The results of discontinued operations during the years ended December 31, 2023, 2022, and 2021 are presented below (in thousands) and are included in the consolidated results of operations for the years ended December 31, 2023, 2022, and 2021:

	Year Ended December 31,
	2023		2022		2021
Revenues:
Rental and related revenues	$	—	$	—	$	7,535
Resident fees and services	—		7,489		114,936
Total revenues	—		7,489		122,471
Costs and expenses:
Interest expense	—		—		3,900
Operating	—		6,452		122,571
Transaction and merger-related costs	—		—		76
Impairments and loan loss reserves (recoveries), net	—		—		32,736
Total costs and expenses	—		6,452		159,283
Other income (expense):
Gain (loss) on sales of real estate, net	—		1,344		414,721
Other income (expense), net	—		169		4,189
Total other income (expense), net	—		1,513		418,910
Income (loss) before income taxes and equity income (loss) from unconsolidated joint ventures	—		2,550		382,098
Income tax benefit (expense)	—		270		969
Equity income (loss) from unconsolidated joint ventures	—		64		5,135
Income (loss) from discontinued operations	$	—	$	2,884	$	388,202