v3.25.4
Segment Reporting - Reconciliation of Segment Activity (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Segment Reporting Information [Line Items]      
Revenue from tenants $ 342,279 $ 353,794 $ 345,925
Compensation related expenses 107,589 110,389 109,281
Other segment expenses 111,309 111,063 108,511
Property operating and maintenance 218,898 221,452 217,792
NOI 123,381 132,342 128,133
Impairment charges (44,914) (24,881) (4,676)
Operating fees to related parties 0 (19,203) (25,527)
Termination fees to related parties 0 (106,650) 0
Acquisition and transaction related (516) (7,949) (545)
General and administrative (24,190) (22,440) (18,928)
Depreciation and amortization (78,261) (84,067) (82,873)
Gain (loss) on sale of real estate investments 27,800 9,307 (322)
Interest expense (61,281) (69,447) (66,078)
Interest and other income 272 1,051 734
Loss on non-designated derivatives (72) 1,544 (1,995)
Gain on extinguishment of debt 257 392 0
Loss before income taxes (57,524) (190,001) (72,077)
Income tax expense (161) (262) (303)
Net loss (57,685) (190,263) (72,380)
Net loss attributable to non-controlling interests 64 567 82
Allocation for preferred stock (13,446) (13,799) (13,799)
Net loss attributable to common stockholders (71,067) (203,495) (86,097)
SHOP      
Segment Reporting Information [Line Items]      
Revenue from tenants 225,221 216,477 210,476
Compensation related expenses 107,589 110,389 109,281
Other segment expenses 75,051 71,558 70,557
Property operating and maintenance 182,640 181,947 179,838
NOI 42,581 34,530 30,638
OMF      
Segment Reporting Information [Line Items]      
Revenue from tenants 117,058 137,317 135,449
Compensation related expenses 0 0 0
Other segment expenses 36,258 39,505 37,954
Property operating and maintenance 36,258 39,505 37,954
NOI $ 80,800 $ 97,812 $ 97,495