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Credit Concentration
 3 Months Ended
Mar. 31, 2026
Risks and Uncertainties [Abstract]  
Credit Concentration Credit Concentration
We use consolidated net operating income (“NOI”) as our credit concentration metric. See Note 18 for additional information and reconciliation. The following table summarizes certain information about our credit concentration for the three months ended March 31, 2026, excluding our share of NOI in unconsolidated entities (dollars in thousands):
Concentration by relationship:(1)
Number of PropertiesTotal NOI
Percent of NOI(2)
Barchester283 $143,461 11%
Cogir Senior Living176 101,135 8%
Care UK271 84,791 7%
Avir Health Group131 73,255 6%
Sunrise Senior Living80 56,820 4%
Remaining portfolio1,717 837,044 64%
Totals2,658 $1,296,506 100%
(1) Cogir, Care UK and Sunrise Senior Living are in our Seniors Housing Operating segment. Avir Health Group is in our Triple-net segment. Barchester is in both our Seniors Housing Operating and Triple-net segments.
(2) NOI with our top five relationships comprised 26% of total NOI for the year ended December 31, 2025.