Intangibles (Tables)

6 Months Ended

Jun. 30, 2026

Intangibles [Abstract]

Schedule of Intangible Lease Assets

The following table summarizes the Company’s intangible lease assets (dollars in thousands):

Intangible lease assets	June 30, 2026		December 31, 2025
Gross intangible lease assets(1)	$	1,274,879	$	1,377,039
Accumulated depreciation and amortization(2)	(557,385)		(722,523)
Intangible assets	$	717,494	$	654,516
Weighted average remaining amortization period in years	5		5

_______________________________________

(1)As of June 30, 2026 and December 31, 2025, includes $1.24 billion and $1.33 billion, respectively, of gross lease-up intangibles and $38 million and $43 million, respectively, of gross above market lease intangibles.

(2)As of June 30, 2026 and December 31, 2025, includes $541 million and $705 million, respectively, of accumulated depreciation and amortization on lease-up intangibles and $17 million and $17 million, respectively, of accumulated depreciation and amortization on above market lease intangibles.

Schedule of Intangible Lease Liabilities

The following table summarizes the Company’s intangible lease liabilities (dollars in thousands):

Intangible lease liabilities	June 30, 2026		December 31, 2025
Gross intangible lease liabilities	$	280,118	$	316,197
Accumulated depreciation and amortization	(124,652)		(142,500)
Intangible liabilities	$	155,466	$	173,697
Weighted average remaining amortization period in years	9		9

Schedule of Goodwill Segments

At June 30, 2026 and December 31, 2025, goodwill was allocated to the Company’s segment assets as follows (in thousands):

Segment	June 30, 2026		December 31, 2025
Outpatient medical	$	64,680	$	64,680
Senior housing	3,849		3,849
	$	68,529	$	68,529