Loans Receivable - Narrative (Details)
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1 Months Ended |
3 Months Ended |
6 Months Ended |
12 Months Ended |
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Mar. 01, 2024
USD ($)
loan
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Dec. 31, 2023
USD ($)
|
Jul. 31, 2024
USD ($)
extension_option
property
|
Jun. 30, 2024
USD ($)
loan
|
May 31, 2024
USD ($)
loan
|
Feb. 29, 2024
USD ($)
|
Jan. 31, 2024
USD ($)
|
Oct. 31, 2023
USD ($)
|
Jun. 30, 2023 |
May 31, 2023
USD ($)
loan
|
Apr. 30, 2023
USD ($)
loan
|
Feb. 28, 2023
USD ($)
loan
|
Dec. 31, 2022
USD ($)
|
Jul. 31, 2022
USD ($)
|
Feb. 28, 2022
USD ($)
|
Jun. 30, 2021
USD ($)
|
Jan. 31, 2021
USD ($)
facility
|
Jun. 30, 2024
USD ($)
|
Mar. 31, 2024
USD ($)
property
|
Jun. 30, 2023
USD ($)
|
Jun. 30, 2024
USD ($)
loan
|
Jun. 30, 2023
USD ($)
|
Dec. 31, 2022
USD ($)
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| Loans Receivable: |
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| Number of loans | loan |
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6
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| Loans receivables, acquired |
$ 124,000,000
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| Loans and leases receivable, remaining commitments |
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$ 69,000,000
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$ 69,000,000
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$ 69,000,000
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| Loans receivable, net of reserves of $9,143 and $2,830 |
|
$ 218,450,000
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|
275,478,000
|
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275,478,000
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275,478,000
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| Gain (loss) on sales of real estate, net |
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122,044,000
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$ 4,885,000
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125,299,000
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$ 86,463,000
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| Credit loss reserve on unfunded loan commitments |
|
700,000
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5,300,000
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5,300,000
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5,300,000
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| Sunrise Senior Housing Portfolio |
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| Loans Receivable: |
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| Loans and leases receivable, remaining commitments |
|
29,000,000
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$ 0
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| Number of assets to be sold | facility |
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32
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| Proceeds from sale of property |
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|
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|
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$ 664,000,000
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| Investments in loans receivable |
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410,000,000
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| Capital expenditure funding, amount committed |
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1,000,000
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$ 92,000,000
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$ 40,000,000
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| Capital expenditure funding, cost of capital, percent committed |
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65.00%
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| Proceeds from the collection of loans receivable |
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$ 5,000,000
|
$ 69,000,000
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$ 10,000,000
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$ 27,000,000
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$ 8,000,000
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$ 246,000,000
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| Capital expenditure funding, amount funded |
|
11,000,000
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| Loans receivable, net of reserves of $9,143 and $2,830 |
|
131,000,000
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58,000,000
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58,000,000
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58,000,000
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| Sunrise Senior Housing Portfolio | Secured Overnight Financing Rate (SOFR) |
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| Loans Receivable: |
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| Loans receivable, conversion of basis spread on variable rate |
|
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|
0.10%
|
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|
0.10%
|
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| Loans receivable, floor rate |
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9.00%
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| Sunrise Senior Housing Portfolio | Secured Overnight Financing Rate (SOFR), First Two Years |
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| Loans Receivable: |
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| Loans receivable, basis spread on variable rate |
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4.00%
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| Loan receivable, extended maturity term |
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2 years
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| Sunrise Senior Housing Portfolio | Secured Overnight Financing Rate (SOFR), Last Eighteen Months |
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| Loans Receivable: |
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| Loans receivable, basis spread on variable rate |
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5.00%
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| Loan receivable, extended maturity term |
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18 months
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| SHOP |
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| Loans Receivable: |
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| Number of assets to be sold | facility |
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16
|
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| Proceeds from sale of property |
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$ 230,000,000
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| Investments in loans receivable |
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$ 150,000,000
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| Loans receivable, extension fee |
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$ 1,000,000
|
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| Outpatient Medical Buildings | Discontinued Operations, Disposed of by Sale |
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| Loans Receivable: |
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| Proceeds from sale of property |
|
|
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$ 29,000,000
|
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| Number of properties sold | property |
|
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|
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2
|
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| Gain (loss) on sales of real estate, net |
|
|
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$ 3,000,000
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| Outpatient Medical Buildings | Discontinued Operations, Disposed of by Sale | Subsequent Event |
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| Loans Receivable: |
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| Proceeds from sale of property |
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$ 674,000,000
|
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| Number of properties sold | property |
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59
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| Gain (loss) on sales of real estate, net |
|
|
$ 405,000,000
|
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|
|
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| Loans receivable, number of extensions | extension_option |
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2
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| Loan receivable, period of extensions |
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12 months
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| Other Non-Reporting Segment | Brookedale MTCA | Lessor Asset Under Operating Lease | CCRC JV |
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| Loans Receivable: |
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| Loans receivable, net of reserves of $9,143 and $2,830 |
|
43,000,000
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|
53,000,000
|
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|
53,000,000
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53,000,000
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| Minimum | Outpatient Medical Buildings | Discontinued Operations, Disposed of by Sale | Subsequent Event |
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| Loans Receivable: |
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| Loans receivable, interest rate |
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0.060
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| Maximum | Outpatient Medical Buildings | Discontinued Operations, Disposed of by Sale | Subsequent Event |
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| Loans Receivable: |
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| Loans receivable, interest rate |
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0.065
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| Secured Mortgage Loans |
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| Loans Receivable: |
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| Number of loans | loan |
9
|
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| Loans receivable, outstanding balance |
$ 89,000,000
|
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| Receivable with imputed interest |
|
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1,000,000
|
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|
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|
1,000,000
|
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|
1,000,000
|
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| Secured Mortgage Loans | Other |
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| Loans Receivable: |
|
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| Proceeds from the collection of loans receivable |
|
|
|
|
|
|
|
$ 21,000,000
|
|
$ 12,000,000
|
$ 14,000,000
|
$ 35,000,000
|
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|
|
|
|
|
|
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| Number of secured loans | loan |
|
|
|
|
|
|
|
|
|
2
|
1
|
1
|
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| Secured Mortgage Loans | Other | During June 2024 to Septmeber 2024 |
|
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| Loans Receivable: |
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|
|
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|
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|
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|
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|
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| Loans receivable, outstanding balance |
|
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|
$ 12,000,000
|
|
|
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|
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| Number of secured loans | loan |
|
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|
1
|
|
|
|
|
|
|
|
|
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| Secured Mortgage Loans | Secured Overnight Financing Rate (SOFR) | Other |
|
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| Loans Receivable: |
|
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|
|
|
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|
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|
|
|
|
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| Loans receivable, conversion of basis spread on variable rate |
|
|
|
|
|
|
|
|
|
0.10%
|
|
|
|
|
|
|
|
|
|
|
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| Secured Mortgage Loans | LIBOR | Other |
|
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| Loans Receivable: |
|
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|
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|
|
|
|
|
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|
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|
|
|
|
|
|
|
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| Loans receivable, outstanding balance |
|
|
|
|
|
|
|
|
|
$ 21,000,000
|
|
|
|
|
|
|
|
|
|
|
|
|
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| Number of secured loans | loan |
|
|
|
|
|
|
|
|
|
1
|
|
|
|
|
|
|
|
|
|
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|
| Secured Mortgage Loans | SHOP |
|
|
|
|
|
|
|
|
|
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|
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|
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|
|
|
|
|
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| Loans Receivable: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Proceeds from the collection of loans receivable |
|
|
|
|
|
|
|
|
|
|
|
$ 102,000,000
|
|
|
|
|
|
|
|
|
|
|
|
| Loans receivable, floor rate |
|
|
|
|
|
|
12.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Loans receivable, net of reserves of $9,143 and $2,830 |
|
$ 48,000,000
|
|
$ 48,000,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
48,000,000
|
|
|
48,000,000
|
|
|
| Loans receivable, extension fee |
|
|
|
|
|
|
$ 1,000,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Secured Mortgage Loans | SHOP | Secured Overnight Financing Rate (SOFR) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
|
|
|
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| Loans Receivable: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Loans receivable, conversion of basis spread on variable rate |
|
|
|
|
|
|
0.11%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Loans receivable, basis spread on variable rate |
|
|
|
|
|
|
|
|
|
|
|
0.11%
|
|
|
|
|
|
|
|
|
|
|
|
| Loans receivable, floor rate |
|
|
|
|
|
|
7.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Secured Mortgage Loans | SHOP | Secured Overnight Financing Rate (SOFR), First Six Months |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Loans Receivable: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Loans receivable, basis spread on variable rate |
|
|
|
|
|
|
|
|
|
|
|
6.00%
|
|
|
|
|
|
|
|
|
|
|
|
| Secured Mortgage Loans | SHOP | Secured Overnight Financing Rate (SOFR), Last Six Months |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Loans Receivable: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Loans receivable, basis spread on variable rate |
|
|
|
|
|
|
|
|
|
|
|
7.00%
|
|
|
|
|
|
|
|
|
|
|
|
| Secured Mortgage Loans | Minimum |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Loans Receivable: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Loans receivable, interest rate |
0.0700
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Secured Mortgage Loans | Maximum |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Loans Receivable: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Loans receivable, interest rate |
0.1000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Mezzanine Loans |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Loans Receivable: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Number of loans | loan |
10
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Loans receivable, outstanding balance |
$ 36,000,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Receivable with imputed interest |
|
|
|
3,000,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 3,000,000
|
|
|
$ 3,000,000
|
|
|
| Mezzanine Loans | Other | During May 2026 to May 2027 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Loans Receivable: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Loans receivable, outstanding balance |
|
|
|
|
$ 2,000,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Number of secured loans | loan |
|
|
|
|
1
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Mezzanine Loans | Other | During June 2024 to June 2025 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Loans Receivable: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Loans receivable, outstanding balance |
|
|
|
$ 1,000,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Number of secured loans | loan |
|
|
|
1
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Mezzanine Loans | Minimum |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Loans Receivable: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Loans receivable, interest rate |
0.0800
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Mezzanine Loans | Maximum |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Loans Receivable: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Loans receivable, interest rate |
0.1000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|