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Segment Reporting - Summary Information for Reportable Segments (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Segment Reporting Information [Line Items]    
Resident fees and services $ 2,780,931 $ 1,864,530
Rental income   453,842 461,567
Interest income 70,929 62,490
Other income 46,224 34,500
Total revenues 3,351,926 2,423,087
Property operating expenses 2,055,420 1,462,390
Consolidated net operating income (loss) 1,296,506 960,697
Depreciation and amortization 622,752 485,869
Interest expense 192,715 144,962
General and administrative expenses 67,474 63,758
Loss (gain) on derivatives and financial instruments, net 0 (3,210)
Loss (gain) on extinguishment of debt, net 727 6,156
Provision for loan losses, net 1,632 (2,007)
Impairment of assets   4,826 52,402
Other expenses 61,137 14,060
Income (loss) from continuing operations before income taxes and other items 345,243 198,707
Income tax (expense) benefit (11,633) 5,519
Income (loss) from unconsolidated entities (1,686) 1,263
Gain (loss) on real estate dispositions and acquisitions of controlling interests, net 420,400 51,777
Income (loss) from continuing operations 752,324 257,266
Net income (loss) 752,324 257,266
Seniors Housing Operating    
Segment Reporting Information [Line Items]    
Rental income   231,571 185,225
Operating Segments | Seniors Housing Operating    
Segment Reporting Information [Line Items]    
Resident fees and services 2,780,931 1,864,530
Rental income   0 0
Interest income 0 0
Other income 9,443 3,341
Total revenues 2,790,374 1,867,871
Property operating expenses 2,015,361 1,384,684
Consolidated net operating income (loss) 775,013 483,187
Operating Segments | Triple-net    
Segment Reporting Information [Line Items]    
Resident fees and services 0 0
Rental income   383,803 252,688
Interest income 8,077 2,111
Other income 232 231
Total revenues 392,112 255,030
Property operating expenses 7,806 8,818
Consolidated net operating income (loss) 384,306 246,212
Operating Segments | Outpatient Medical    
Segment Reporting Information [Line Items]    
Resident fees and services 0 0
Rental income   70,039 208,879
Interest income 0 0
Other income 1,093 2,137
Total revenues 71,132 211,016
Property operating expenses 17,833 64,606
Consolidated net operating income (loss) 53,299 146,410
Non-segment/Corporate    
Segment Reporting Information [Line Items]    
Resident fees and services 0 0
Rental income   0 0
Interest income 62,852 60,379
Other income 35,456 28,791
Total revenues 98,308 89,170
Property operating expenses 14,420 4,282
Consolidated net operating income (loss) $ 83,888 $ 84,888