v3.26.1
Real Estate and Other Investments (Tables)
 3 Months Ended
Mar. 31, 2026
Real Estate [Abstract]  
Schedule of Disposal Groups
The table below represents the sale prices, excluding closing costs, of our dispositions for the three months ended March 31, 2026. We do not believe these sales represent a strategic shift in our business. As a result, the results of operations
for these properties are included in continuing operations through the date of sale of such properties in our condensed consolidated statements of comprehensive income (loss).
Number ofNumber of
Date of SaleStateType of PropertyPropertiesUnitsSales PriceLoss on Sale
March 2026VariousSenior Living (SHOP)13669$23,000 $(1,207)
Schedule of Capital Expenditures
The following is a summary of capital expenditures, development, redevelopment and other activities for the periods presented:
Three Months Ended March 31,
 20262025
SHOP fixed assets and capital improvements$14,193 $21,115 
Medical Office and Life Science Portfolio capital expenditures:
Lease related costs (1)
3,532 3,847 
Building improvements (2)
1,003 1,524 
Subtotal Medical Office and Life Science Portfolio4,535 5,371 
Total recurring capital expenditures$18,728 $26,486 
Development, redevelopment and other activities - SHOP (3)
$2,981 $5,568 
Development, redevelopment and other activities - Medical Office and Life Science Portfolio (3)
121 — 
Total development, redevelopment and other activities$3,102 $5,568 
Capital expenditures by segment:
SHOP$17,174 $26,683 
Medical Office and Life Science Portfolio4,656 5,371 
Total capital expenditures$21,830 $32,054 
(1)Includes capital expenditures to improve tenants' space or amounts paid directly to tenants to improve their space and other leasing related costs, such as brokerage commissions and tenant inducements.
(2)Includes capital expenditures to replace obsolete building components that extend the useful life of existing assets or other improvements to increase the marketability of the property.
(3)Includes capital expenditures that reposition a property or result in change of use or new sources of revenue.