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Real Property Acquisitions and Development - Summary of Real Property Investment Activity by Segment (Details)
$ in Thousands
3 Months Ended
Mar. 31, 2026
USD ($)
property
Mar. 31, 2025
USD ($)
Business Combination [Line Items]    
Land and land improvements $ 125,780 $ 284,550
Buildings and improvements 1,080,019 2,279,298
Acquired lease intangibles 49,542 146,745
Construction in progress 24,143 0
Real property held for sale 452 0
Right of use assets, net 4,016 24,204
Total net real estate assets 1,283,952 2,734,797
Receivables and other assets 4,829 15,296
Total assets acquired 1,288,781 2,750,093
Secured debt 0 (289,721)
Lease liabilities (1,081) (4,731)
Accrued expenses and other liabilities (18,487) (40,329)
Total liabilities acquired (19,568) (334,781)
Noncontrolling interests (782) (2,545)
Non-cash acquisition related activity (158,482) (423,809)
Cash disbursed for acquisitions 1,109,949 1,988,958
Construction in progress additions 103,657 131,570
Less: Capitalized interest (8,449) (11,520)
Accruals 9,564 6,137
Cash disbursed for construction in progress 104,772 126,187
Capital improvements to existing properties 269,832 240,350
Total cash invested in real property, net of cash acquired 1,484,553 2,355,495
Cash acquired from acquisition $ 2,303 4,502,000
Number of properties, reclassified from sales-type lease to operating lease | property 2  
Seniors Housing Operating    
Business Combination [Line Items]    
Land and land improvements $ 104,860 176,983
Buildings and improvements 822,593 1,095,050
Acquired lease intangibles 38,966 139,005
Construction in progress 24,143 0
Real property held for sale 452 0
Right of use assets, net 2,794 3,032
Total net real estate assets 993,808 1,414,070
Receivables and other assets 4,811 15,237
Total assets acquired 998,619 1,429,307
Secured debt 0 (289,721)
Lease liabilities 0 (3,032)
Accrued expenses and other liabilities (18,047) (28,507)
Total liabilities acquired (18,047) (321,260)
Noncontrolling interests (782) (2,545)
Non-cash acquisition related activity (13,879) (163,627)
Cash disbursed for acquisitions 965,911 941,875
Construction in progress additions 103,303 100,242
Less: Capitalized interest (8,165) (9,595)
Accruals 365 1,145
Cash disbursed for construction in progress 95,503 91,792
Capital improvements to existing properties 246,498 219,244
Total cash invested in real property, net of cash acquired 1,307,912 1,252,911
Triple-net    
Business Combination [Line Items]    
Land and land improvements 20,880 88,247
Buildings and improvements 170,184 1,182,642
Acquired lease intangibles 0 7,084
Construction in progress 0 0
Real property held for sale 0 0
Right of use assets, net 0 18,389
Total net real estate assets 191,064 1,296,362
Receivables and other assets 0 0
Total assets acquired 191,064 1,296,362
Secured debt 0 0
Lease liabilities 0 0
Accrued expenses and other liabilities 0 (10,233)
Total liabilities acquired 0 (10,233)
Noncontrolling interests 0 0
Non-cash acquisition related activity (52,966) (240,075)
Cash disbursed for acquisitions 138,098 1,046,054
Construction in progress additions 0 0
Less: Capitalized interest 0 0
Accruals 0 80
Cash disbursed for construction in progress 0 80
Capital improvements to existing properties 11,184 5,639
Total cash invested in real property, net of cash acquired 149,282 1,051,773
Outpatient Medical    
Business Combination [Line Items]    
Land and land improvements 40 19,320
Buildings and improvements 87,242 1,606
Acquired lease intangibles 10,576 656
Construction in progress 0 0
Real property held for sale 0 0
Right of use assets, net 1,222 2,783
Total net real estate assets 99,080 24,365
Receivables and other assets 18 59
Total assets acquired 99,098 24,424
Secured debt 0 0
Lease liabilities (1,081) (1,699)
Accrued expenses and other liabilities (440) (1,589)
Total liabilities acquired (1,521) (3,288)
Noncontrolling interests 0 0
Non-cash acquisition related activity (91,637) (20,107)
Cash disbursed for acquisitions 5,940 1,029
Construction in progress additions 354 31,328
Less: Capitalized interest (284) (1,925)
Accruals 9,199 4,912
Cash disbursed for construction in progress 9,269 34,315
Capital improvements to existing properties 12,150 15,467
Total cash invested in real property, net of cash acquired $ 27,359 $ 50,811