Investments in Unconsolidated Entities (Tables)

3 Months Ended

Mar. 31, 2026

Equity Method Investments and Joint Ventures [Abstract]

Summary of Investments in Unconsolidated Entities

The following is a summary of our investments in unconsolidated entities (dollars in thousands):

	Percentage Ownership (1)	March 31, 2026		December 31, 2025
Seniors Housing Operating	8% to 95%	$	1,518,195	$	1,466,832
Triple-net	20% to 20%	19,566		19,055
Outpatient Medical	15% to 50%	128,359		221,808
Non-segment/Corporate	32% to 88%	378,961		101,895
Total		$	2,045,081	$	1,809,590

(1) As of March 31, 2026 and includes ownership of investments classified as liabilities and excludes ownership of in substance real estate.