XML 71 R59.htm IDEA: XBRL DOCUMENT v3.24.2
Loans Receivable - Narrative (Details)
1 Months Ended 3 Months Ended 6 Months Ended 12 Months Ended
Mar. 01, 2024
USD ($)
loan
Dec. 31, 2023
USD ($)
Jul. 31, 2024
USD ($)
extension_option
property
Jun. 30, 2024
USD ($)
loan
May 31, 2024
USD ($)
loan
Feb. 29, 2024
USD ($)
Jan. 31, 2024
USD ($)
Oct. 31, 2023
USD ($)
Jun. 30, 2023
May 31, 2023
USD ($)
loan
Apr. 30, 2023
USD ($)
loan
Feb. 28, 2023
USD ($)
loan
Dec. 31, 2022
USD ($)
Jul. 31, 2022
USD ($)
Feb. 28, 2022
USD ($)
Jun. 30, 2021
USD ($)
Jan. 31, 2021
USD ($)
facility
Jun. 30, 2024
USD ($)
Mar. 31, 2024
USD ($)
property
Jun. 30, 2023
USD ($)
Jun. 30, 2024
USD ($)
loan
Jun. 30, 2023
USD ($)
Dec. 31, 2022
USD ($)
Loans Receivable:                                              
Number of loans | loan                                         6    
Loans receivables, acquired $ 124,000,000                                            
Loans and leases receivable, remaining commitments       $ 69,000,000                           $ 69,000,000     $ 69,000,000    
Loans receivable, net of reserves of $9,143 and $2,830   $ 218,450,000   275,478,000                           275,478,000     275,478,000    
Gain (loss) on sales of real estate, net                                   122,044,000   $ 4,885,000 125,299,000 $ 86,463,000  
Credit loss reserve on unfunded loan commitments   700,000   5,300,000                           5,300,000     5,300,000    
Sunrise Senior Housing Portfolio                                              
Loans Receivable:                                              
Loans and leases receivable, remaining commitments   29,000,000       $ 0                                  
Number of assets to be sold | facility                                 32            
Proceeds from sale of property                                 $ 664,000,000            
Investments in loans receivable                                 410,000,000            
Capital expenditure funding, amount committed           1,000,000                     $ 92,000,000           $ 40,000,000
Capital expenditure funding, cost of capital, percent committed                                 65.00%            
Proceeds from the collection of loans receivable         $ 5,000,000 $ 69,000,000             $ 10,000,000 $ 27,000,000 $ 8,000,000 $ 246,000,000              
Capital expenditure funding, amount funded   11,000,000                                          
Loans receivable, net of reserves of $9,143 and $2,830   131,000,000   58,000,000                           58,000,000     58,000,000    
Sunrise Senior Housing Portfolio | Secured Overnight Financing Rate (SOFR)                                              
Loans Receivable:                                              
Loans receivable, conversion of basis spread on variable rate           0.10%     0.10%                            
Loans receivable, floor rate           9.00%                                  
Sunrise Senior Housing Portfolio | Secured Overnight Financing Rate (SOFR), First Two Years                                              
Loans Receivable:                                              
Loans receivable, basis spread on variable rate           4.00%                                  
Loan receivable, extended maturity term           2 years                                  
Sunrise Senior Housing Portfolio | Secured Overnight Financing Rate (SOFR), Last Eighteen Months                                              
Loans Receivable:                                              
Loans receivable, basis spread on variable rate           5.00%                                  
Loan receivable, extended maturity term           18 months                                  
SHOP                                              
Loans Receivable:                                              
Number of assets to be sold | facility                                 16            
Proceeds from sale of property                                 $ 230,000,000            
Investments in loans receivable                                 $ 150,000,000            
Loans receivable, extension fee                       $ 1,000,000                      
Outpatient Medical Buildings | Discontinued Operations, Disposed of by Sale                                              
Loans Receivable:                                              
Proceeds from sale of property                                     $ 29,000,000        
Number of properties sold | property                                     2        
Gain (loss) on sales of real estate, net                                     $ 3,000,000        
Outpatient Medical Buildings | Discontinued Operations, Disposed of by Sale | Subsequent Event                                              
Loans Receivable:                                              
Proceeds from sale of property     $ 674,000,000                                        
Number of properties sold | property     59                                        
Gain (loss) on sales of real estate, net     $ 405,000,000                                        
Loans receivable, number of extensions | extension_option     2                                        
Loan receivable, period of extensions     12 months                                        
Other Non-Reporting Segment | Brookedale MTCA | Lessor Asset Under Operating Lease | CCRC JV                                              
Loans Receivable:                                              
Loans receivable, net of reserves of $9,143 and $2,830   43,000,000   53,000,000                           53,000,000     53,000,000    
Minimum | Outpatient Medical Buildings | Discontinued Operations, Disposed of by Sale | Subsequent Event                                              
Loans Receivable:                                              
Loans receivable, interest rate     0.060                                        
Maximum | Outpatient Medical Buildings | Discontinued Operations, Disposed of by Sale | Subsequent Event                                              
Loans Receivable:                                              
Loans receivable, interest rate     0.065                                        
Secured Mortgage Loans                                              
Loans Receivable:                                              
Number of loans | loan 9                                            
Loans receivable, outstanding balance $ 89,000,000                                            
Receivable with imputed interest       1,000,000                           1,000,000     1,000,000    
Secured Mortgage Loans | Other                                              
Loans Receivable:                                              
Proceeds from the collection of loans receivable               $ 21,000,000   $ 12,000,000 $ 14,000,000 $ 35,000,000                      
Number of secured loans | loan                   2 1 1                      
Secured Mortgage Loans | Other | During June 2024 to Septmeber 2024                                              
Loans Receivable:                                              
Loans receivable, outstanding balance       $ 12,000,000                                      
Number of secured loans | loan       1                                      
Secured Mortgage Loans | Secured Overnight Financing Rate (SOFR) | Other                                              
Loans Receivable:                                              
Loans receivable, conversion of basis spread on variable rate                   0.10%                          
Secured Mortgage Loans | LIBOR | Other                                              
Loans Receivable:                                              
Loans receivable, outstanding balance                   $ 21,000,000                          
Number of secured loans | loan                   1                          
Secured Mortgage Loans | SHOP                                              
Loans Receivable:                                              
Proceeds from the collection of loans receivable                       $ 102,000,000                      
Loans receivable, floor rate             12.00%                                
Loans receivable, net of reserves of $9,143 and $2,830   $ 48,000,000   $ 48,000,000                           48,000,000     48,000,000    
Loans receivable, extension fee             $ 1,000,000                                
Secured Mortgage Loans | SHOP | Secured Overnight Financing Rate (SOFR)                                              
Loans Receivable:                                              
Loans receivable, conversion of basis spread on variable rate             0.11%                                
Loans receivable, basis spread on variable rate                       0.11%                      
Loans receivable, floor rate             7.00%                                
Secured Mortgage Loans | SHOP | Secured Overnight Financing Rate (SOFR), First Six Months                                              
Loans Receivable:                                              
Loans receivable, basis spread on variable rate                       6.00%                      
Secured Mortgage Loans | SHOP | Secured Overnight Financing Rate (SOFR), Last Six Months                                              
Loans Receivable:                                              
Loans receivable, basis spread on variable rate                       7.00%                      
Secured Mortgage Loans | Minimum                                              
Loans Receivable:                                              
Loans receivable, interest rate 0.0700                                            
Secured Mortgage Loans | Maximum                                              
Loans Receivable:                                              
Loans receivable, interest rate 0.1000                                            
Mezzanine Loans                                              
Loans Receivable:                                              
Number of loans | loan 10                                            
Loans receivable, outstanding balance $ 36,000,000                                            
Receivable with imputed interest       3,000,000                           $ 3,000,000     $ 3,000,000    
Mezzanine Loans | Other | During May 2026 to May 2027                                              
Loans Receivable:                                              
Loans receivable, outstanding balance         $ 2,000,000                                    
Number of secured loans | loan         1                                    
Mezzanine Loans | Other | During June 2024 to June 2025                                              
Loans Receivable:                                              
Loans receivable, outstanding balance       $ 1,000,000                                      
Number of secured loans | loan       1                                      
Mezzanine Loans | Minimum                                              
Loans Receivable:                                              
Loans receivable, interest rate 0.0800                                            
Mezzanine Loans | Maximum                                              
Loans Receivable:                                              
Loans receivable, interest rate 0.1000