v3.25.2
Intangibles (Tables)
 6 Months Ended
Jun. 30, 2025
Intangibles [Abstract]  
Schedule of Intangible Lease Assets
Intangible assets primarily consist of lease-up intangibles and above market lease intangibles. The following table summarizes the Company’s intangible lease assets (dollars in thousands):
Intangible lease assetsJune 30,
2025		December 31,
2024
Gross intangible lease assets(1)
$1,394,502 $1,468,985 
Accumulated depreciation and amortization(2)
(717,401)(651,731)
Intangible assets, net$677,101 $817,254 
Weighted average remaining amortization period in years55
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(1)At June 30, 2025 and December 31, 2024, includes $1.35 billion and $1.42 billion, respectively, of gross lease-up intangibles and at June 30, 2025 and December 31, 2024, includes $44 million and $45 million, respectively, of gross above market lease intangibles.
(2)At June 30, 2025 and December 31, 2024, includes $702 million and $640 million, respectively, of accumulated depreciation and amortization on lease-up intangibles and $15 million and $12 million, respectively, of accumulated depreciation and amortization on above market lease intangibles.
Schedule of Intangible Lease Liabilities
Intangible liabilities consist of below market lease intangibles. The following table summarizes the Company’s intangible lease liabilities (dollars in thousands):
Intangible lease liabilitiesJune 30,
2025		December 31,
2024
Gross intangible lease liabilities$308,535 $351,602 
Accumulated depreciation and amortization(142,183)(159,718)
Intangible liabilities, net$166,352 $191,884 
Weighted average remaining amortization period in years99
Schedule of Goodwill Segments At June 30, 2025 and December 31, 2024, goodwill was allocated to the Company’s segment assets as follows (in thousands):
Segment
June 30,
2025		December 31,
2024
Outpatient medical
$64,680 $64,680 
CCRC
1,998 1,998 
Other non-reportable
1,851 1,851 
$68,529 $68,529