XML 57 R45.htm IDEA: XBRL DOCUMENT v3.24.2
Real Property Acquisitions and Development - Summary of Real Property Investment Activity by Segment (Details) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Business Acquisition [Line Items]    
Land and land improvements $ 93,015 $ 72,323
Buildings and improvements 517,466 380,651
Acquired lease intangibles 37,020 40,060
Construction in progress 19,397 0
Right of use assets, net 0 927
Total net real estate assets 666,898 493,961
Receivables and other assets 1,549 2,447
Total assets acquired 668,447 496,408
Secured debt 0 (62,720)
Lease liabilities 0 (953)
Accrued expenses and other liabilities (12,087) (8,641)
Total liabilities acquired (12,087) (72,314)
Noncontrolling interests (1,149) 0
Non-cash acquisition related activity (47,684) 0
Cash disbursed for acquisitions 607,527 424,094
Construction in progress additions 499,786 510,930
Less: Capitalized interest (28,287) (22,205)
Accruals (12,377) (14,610)
Cash disbursed for construction in progress 459,122 474,115
Capital improvements to existing properties 297,602 204,978
Total cash invested in real property, net of cash acquired 1,364,251 1,103,187
Seniors Housing Operating    
Business Acquisition [Line Items]    
Land and land improvements 68,662 4,426
Buildings and improvements 422,488 50,172
Acquired lease intangibles 34,827 970
Construction in progress 19,397 0
Right of use assets, net 0 0
Total net real estate assets 545,374 55,568
Receivables and other assets 1,403 2,089
Total assets acquired 546,777 57,657
Secured debt 0 (21,767)
Lease liabilities 0 0
Accrued expenses and other liabilities (11,905) (570)
Total liabilities acquired (11,905) (22,337)
Noncontrolling interests (1,149) 0
Non-cash acquisition related activity (46,974) 0
Cash disbursed for acquisitions 486,749 35,320
Construction in progress additions 317,468 295,120
Less: Capitalized interest (23,712) (16,761)
Accruals 474 746
Cash disbursed for construction in progress 294,230 279,105
Capital improvements to existing properties 239,484 165,187
Total cash invested in real property, net of cash acquired 1,020,463 479,612
Triple-net    
Business Acquisition [Line Items]    
Land and land improvements 14,193 7,370
Buildings and improvements 61,914 74,289
Acquired lease intangibles 0 0
Construction in progress 0 0
Right of use assets, net 0 0
Total net real estate assets 76,107 81,659
Receivables and other assets 34 0
Total assets acquired 76,141 81,659
Secured debt 0 0
Lease liabilities 0 0
Accrued expenses and other liabilities 0 0
Total liabilities acquired 0 0
Noncontrolling interests 0 0
Non-cash acquisition related activity (710) 0
Cash disbursed for acquisitions 75,431 81,659
Construction in progress additions 28 25,646
Less: Capitalized interest 0 (2,416)
Accruals 126 (9,384)
Cash disbursed for construction in progress 154 13,846
Capital improvements to existing properties 11,706 11,784
Total cash invested in real property, net of cash acquired 87,291 107,289
Outpatient Medical    
Business Acquisition [Line Items]    
Land and land improvements 10,160 60,527
Buildings and improvements 33,064 256,190
Acquired lease intangibles 2,193 39,090
Construction in progress 0 0
Right of use assets, net 0 927
Total net real estate assets 45,417 356,734
Receivables and other assets 112 358
Total assets acquired 45,529 357,092
Secured debt 0 (40,953)
Lease liabilities 0 (953)
Accrued expenses and other liabilities (182) (8,071)
Total liabilities acquired (182) (49,977)
Noncontrolling interests 0 0
Non-cash acquisition related activity 0 0
Cash disbursed for acquisitions 45,347 307,115
Construction in progress additions 182,290 190,164
Less: Capitalized interest (4,575) (3,028)
Accruals (12,977) (5,972)
Cash disbursed for construction in progress 164,738 181,164
Capital improvements to existing properties 46,412 28,007
Total cash invested in real property, net of cash acquired $ 256,497 $ 516,286