Major Operators

12 Months Ended

Dec. 31, 2024

Major Operators

Major Operators

3. Major Operators

We have two operators from whom we derive approximately 10% or more of our total revenues. The following table sets forth information regarding our major operator as of December 31, 2024:

	Number of		Number of		Percentage of
			SNF	ALF	Total		Total
Operator	SNF	ALF	Beds	Units	Revenues (1)		Assets (2)
Prestige Healthcare (3)	23	—	2,694	93	15.6	%	14.6	%
ALG Senior Living(4)	—	29	—	1,308	10.1	%	16.4	%
Total	23	29	2,694	1,401	25.7	%	31.0	%

(1) Includes total revenues for the twelve months ended December 31, 2024.

(2) Represents the net carrying value of the mortgage loans and properties we own divided by the Total assets on the Consolidated Balance Sheets.

(3) The majority of the revenue derived from this operator relates to interest income from mortgage loans.

(4) The majority of the revenue derived from this operator relates to interest income from financing receivables.

Our financial position and ability to make distributions may be adversely affected if Prestige Healthcare, or any of our lessees and borrowers face financial difficulties, including any bankruptcies, inability to emerge from bankruptcy, insolvency, or general downturn in business of any such operator, continuing impact upon services or occupancy levels due to infectious disease outbreaks, or in the event any such operator does not renew and/or extend its relationship with us.