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Real Property Acquisitions and Development - Summary of Real Property Investment Activity by Segment (Details) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Business Acquisition [Line Items]    
Land and land improvements $ 281,454 $ 189,838
Buildings and improvements 2,102,334 1,156,206
Acquired lease intangibles 124,885 71,553
Construction in progress 45,983 165,934
Real property held for sale 297,000 0
Right of use assets, net 0 17,466
Total net real estate assets 2,851,656 1,600,997
Receivables and other assets 10,822 17,334
Total assets acquired 2,862,478 1,618,331
Secured debt (816,798) (333,113)
Lease liabilities 0 (17,492)
Accrued expenses and other liabilities (40,243) (21,657)
Total liabilities acquired (857,041) (372,262)
Noncontrolling interests (25,787) (775)
Non-cash acquisition related activity (310,544) (171,667)
Cash disbursed for acquisitions 1,669,106 1,073,627
Construction in progress additions 694,695 773,713
Less: Capitalized interest (43,955) (36,152)
Accruals (18,229) (6,849)
Cash disbursed for construction in progress 632,511 730,712
Capital improvements to existing properties 538,752 334,090
Total cash invested in real property, net of cash acquired 2,840,369 2,138,429
Cash acquired from acquisition 33,577 6,431
Seniors Housing Operating    
Business Acquisition [Line Items]    
Land and land improvements 208,219 58,049
Buildings and improvements 1,446,475 411,273
Acquired lease intangibles 89,460 25,617
Construction in progress 45,983 165,934
Real property held for sale 0 0
Right of use assets, net 0 16,539
Total net real estate assets 1,790,137 677,412
Receivables and other assets 9,592 16,789
Total assets acquired 1,799,729 694,201
Secured debt (350,978) (292,160)
Lease liabilities 0 (16,539)
Accrued expenses and other liabilities (19,752) (10,825)
Total liabilities acquired (370,730) (319,524)
Noncontrolling interests (25,787) 0
Non-cash acquisition related activity (119,012) (171,667)
Cash disbursed for acquisitions 1,284,200 203,010
Construction in progress additions 424,827 450,205
Less: Capitalized interest (36,247) (28,289)
Accruals 1,217 3,447
Cash disbursed for construction in progress 389,797 425,363
Capital improvements to existing properties 448,144 261,935
Total cash invested in real property, net of cash acquired 2,122,141 890,308
Triple-net    
Business Acquisition [Line Items]    
Land and land improvements 63,075 58,797
Buildings and improvements 621,378 430,041
Acquired lease intangibles 33,232 0
Construction in progress 0 0
Real property held for sale 297,000 0
Right of use assets, net 0 0
Total net real estate assets 1,014,685 488,838
Receivables and other assets 1,118 0
Total assets acquired 1,015,803 488,838
Secured debt (465,820) 0
Lease liabilities 0 0
Accrued expenses and other liabilities (20,309) 0
Total liabilities acquired (486,129) 0
Noncontrolling interests 0 0
Non-cash acquisition related activity (191,532) 0
Cash disbursed for acquisitions 338,142 488,838
Construction in progress additions 28 25,646
Less: Capitalized interest 0 (2,416)
Accruals 126 (2,692)
Cash disbursed for construction in progress 154 20,538
Capital improvements to existing properties 19,870 17,933
Total cash invested in real property, net of cash acquired 358,166 527,309
Outpatient Medical    
Business Acquisition [Line Items]    
Land and land improvements 10,160 72,992
Buildings and improvements 34,481 314,892
Acquired lease intangibles 2,193 45,936
Construction in progress 0 0
Real property held for sale 0 0
Right of use assets, net 0 927
Total net real estate assets 46,834 434,747
Receivables and other assets 112 545
Total assets acquired 46,946 435,292
Secured debt 0 (40,953)
Lease liabilities 0 (953)
Accrued expenses and other liabilities (182) (10,832)
Total liabilities acquired (182) (52,738)
Noncontrolling interests 0 (775)
Non-cash acquisition related activity 0 0
Cash disbursed for acquisitions 46,764 381,779
Construction in progress additions 269,840 297,862
Less: Capitalized interest (7,708) (5,447)
Accruals (19,572) (7,604)
Cash disbursed for construction in progress 242,560 284,811
Capital improvements to existing properties 70,738 54,222
Total cash invested in real property, net of cash acquired $ 360,062 $ 720,812