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Real Property Acquisitions and Development - Summary of Real Property Investment Activity by Segment (Details) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Business Combination [Line Items]    
Land and land improvements $ 409,428 $ 93,015
Buildings and improvements 3,071,572 517,466
Acquired lease intangibles 187,112 37,020
Construction in progress 0 19,397
Real property held for sale 174,639 0
Right of use assets, net 24,204 0
Total net real estate assets 3,866,955 666,898
Receivables and other assets 15,984 1,549
Total assets acquired 3,882,939 668,447
Secured debt (441,983) 0
Lease liabilities (4,731) 0
Accrued expenses and other liabilities (48,844) (12,087)
Total liabilities acquired (495,558) (12,087)
Noncontrolling interests (5,620) (1,149)
Non-cash acquisition related activity (444,943) (47,684)
Cash disbursed for acquisitions 2,936,818 607,527
Construction in progress additions 256,662 499,786
Less: Capitalized interest (20,173) (28,287)
Accruals 2,072 (12,377)
Cash disbursed for construction in progress 238,561 459,122
Capital improvements to existing properties 473,229 297,602
Total cash invested in real property, net of cash acquired 3,648,608 1,364,251
Cash acquired from acquisition 4,548 0
Seniors Housing Operating    
Business Combination [Line Items]    
Land and land improvements 295,923 68,662
Buildings and improvements 1,840,711 422,488
Acquired lease intangibles 179,372 34,827
Construction in progress 0 19,397
Real property held for sale 174,639 0
Right of use assets, net 3,032 0
Total net real estate assets 2,493,677 545,374
Receivables and other assets 15,920 1,403
Total assets acquired 2,509,597 546,777
Secured debt (441,983) 0
Lease liabilities (3,032) 0
Accrued expenses and other liabilities (36,813) (11,905)
Total liabilities acquired (481,828) (11,905)
Noncontrolling interests (5,620) (1,149)
Non-cash acquisition related activity (184,761) (46,974)
Cash disbursed for acquisitions 1,837,388 486,749
Construction in progress additions 208,822 317,468
Less: Capitalized interest (17,094) (23,712)
Accruals (4,470) 474
Cash disbursed for construction in progress 187,258 294,230
Capital improvements to existing properties 415,638 239,484
Total cash invested in real property, net of cash acquired 2,440,284 1,020,463
Triple-net    
Business Combination [Line Items]    
Land and land improvements 94,165 14,193
Buildings and improvements 1,229,242 61,914
Acquired lease intangibles 7,084 0
Construction in progress 0 0
Real property held for sale 0 0
Right of use assets, net 18,389 0
Total net real estate assets 1,348,880 76,107
Receivables and other assets 5 34
Total assets acquired 1,348,885 76,141
Secured debt 0 0
Lease liabilities 0 0
Accrued expenses and other liabilities (10,442) 0
Total liabilities acquired (10,442) 0
Noncontrolling interests 0 0
Non-cash acquisition related activity (240,075) (710)
Cash disbursed for acquisitions 1,098,368 75,431
Construction in progress additions 0 28
Less: Capitalized interest 0 0
Accruals 1,094 126
Cash disbursed for construction in progress 1,094 154
Capital improvements to existing properties 19,874 11,706
Total cash invested in real property, net of cash acquired 1,119,336 87,291
Outpatient Medical    
Business Combination [Line Items]    
Land and land improvements 19,340 10,160
Buildings and improvements 1,619 33,064
Acquired lease intangibles 656 2,193
Construction in progress 0 0
Real property held for sale 0 0
Right of use assets, net 2,783 0
Total net real estate assets 24,398 45,417
Receivables and other assets 59 112
Total assets acquired 24,457 45,529
Secured debt 0 0
Lease liabilities (1,699) 0
Accrued expenses and other liabilities (1,589) (182)
Total liabilities acquired (3,288) (182)
Noncontrolling interests 0 0
Non-cash acquisition related activity (20,107) 0
Cash disbursed for acquisitions 1,062 45,347
Construction in progress additions 47,840 182,290
Less: Capitalized interest (3,079) (4,575)
Accruals 5,448 (12,977)
Cash disbursed for construction in progress 50,209 164,738
Capital improvements to existing properties 37,717 46,412
Total cash invested in real property, net of cash acquired $ 88,988 $ 256,497