v3.26.1
Concentration of Credit Risk (Tables)
6 Months Ended 12 Months Ended
Jun. 30, 2026
Dec. 31, 2025
Risks and Uncertainties [Abstract]    
Schedule of Concentration of Credit Risk

The following table provides information regarding the Company’s concentrations with respect to certain states, operators, and properties; the information provided is presented as percentages of the Company’s total gross real estate assets and revenues:

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​

​

​

​

​

​

​

​

​

​

​

​

​

  ​ ​ ​

Percentage of Gross Real Estate Assets

  ​ ​ ​

Percentage of Total Revenues

​

​

June 30,

​

December 31,

​

Three Months Ended June 30,

​

Six Months Ended June 30,

Concentration

​

2026

  ​ ​ ​

2025

  ​ ​ ​

2026

  ​ ​ ​

2025

  ​ ​ ​

2026

  ​ ​ ​

2025

State:

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

Florida

 

51

 

68

 

50

 

64

 

51

 

64

Texas

 

11

 

2

 

13

 

4

 

13

 

4

Pennsylvania

 

11

 

15

 

12

 

16

 

12

 

16

Operator:

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

LCS

 

66

 

86

 

65

 

84

 

66

 

84

Sunrise Senior Living

 

10

 

14

 

12

 

16

 

13

 

16

Ciel Senior Living

 

11

 

—

 

10

 

—

 

10

 

—

Property:

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

 

  ​

Freedom Plaza Sun City Center

 

8

 

11

 

7

 

9

 

7

 

9

Cypress Village

 

7

 

10

 

7

 

9

 

7

 

9

The following table provides information regarding the Company’s concentrations for Medicare and Medicaid as percentages of total revenues:

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​

​

​

​

​

​

​

​

​

​

  ​ ​ ​

Three Months Ended June 30,

  ​ ​ ​

Six Months Ended June 30,

 

​

​

2026

  ​ ​ ​

2025

  ​ ​ ​

2026

  ​ ​ ​

2025

 

Medicare

 

12

%  

16

%  

13

%  

16

%

Medicaid

 

1

%  

2

%  

1

%  

2

%

​

​

​

​

​

​

​

​

​

​

​

​

​

Percentage of Gross

​

Percentage of

​

​

Real Estate Assets

​

Total Revenues

​

​

​

​

​

​

Year Ended

​

  ​ ​ ​

December 31,

​

December 31,

Concentration

  ​ ​ ​

2025

  ​ ​ ​

2024

  ​ ​ ​

2025

  ​ ​ ​

2024

State:

​

​

​

​

​

​

​

​

Florida

​

68

​

68

​

64

​

65

Pennsylvania

​

15

​

16

​

16

​

16

Operator:

​

​

​

​

​

​

​

​

LCS

​

86

​

86

​

84

​

84

Sunrise

​

14

​

14

​

16

​

16