v3.25.2
Real Estate Investments - Mortgage Loans Activity (Details)
$ in Thousands
1 Months Ended 3 Months Ended 6 Months Ended 12 Months Ended
Jul. 31, 2025
USD ($)
Jun. 30, 2024
USD ($)
property
Jun. 30, 2025
USD ($)
property
Jun. 30, 2024
USD ($)
property
Dec. 31, 2024
USD ($)
item
Jun. 30, 2025
USD ($)
Jun. 30, 2025
item
Jun. 30, 2025
period
Mortgage Loans                
Originations and funding under mortgage loans receivable     $ 41,535 $ 15,957        
Exchange of mortgage loans for controlling interests in joint ventures accounted for as financing receivables   $ (64,450)   (102,435)        
Pay-offs received       (2,013)        
Application of interest reserve       169        
Scheduled principal payments received     (451) (380)        
Mortgage loan premium amortization     (3) (3)        
Recovery (provision) for loan loss reserve     (411) 887        
Net (decrease) increase in mortgage loans receivable     $ 40,670 (87,818)        
Gross Investment           $ 1,329,683    
Number of beds/units | item             213  
Number of Properties     121       121  
Remaining commitment           66,768    
Mortgage Loans                
Mortgage Loans                
Gross Investment           356,815    
Number of Properties | property     28          
Other Mortgage Loans                
Mortgage Loans                
Additions to mortgage loans       767        
SNF                
Mortgage Loans                
Gross Investment           598,800    
Number of Properties     50       50  
SNF | Mortgage loans with 8.8% Interest Maturing 2028 | Mortgage Loans                
Mortgage Loans                
Gross Investment           16,500    
Number of Properties | property     1          
Interest rate (as a percent)     8.80%          
ALF | Mortgage Loans With 8.75 Interest | Mortgage Loans                
Mortgage Loans                
Remaining commitment           3,706    
ALF/MC | Subsequent Event                
Mortgage Loans                
Payments to Acquire Real Estate $ 35,200              
Michigan | ALF/MC | Mortgage Loans With 8.75 Interest                
Mortgage Loans                
Gross Investment           19,500    
Number of beds/units | item             85  
Borrower contribution     $ 12,100          
Loan Term     3 years          
Interest rate (as a percent)     8.75%          
Loan extension term     1 year          
Funding under mortgage loan commitment           3,040    
Extension term number of options | period               2
Florida | ILF/ALF/MC | Mortgage loans with 8.5% interest                
Mortgage Loans                
Gross Investment   19,500   19,500   42,300    
Number of beds/units | item             250  
Loan Term     5 years          
Interest rate (as a percent)     8.50%          
Funding under mortgage loan commitment   $ 6,878   6,878   $ 38,495    
Illinois | Mortgage Loans                
Mortgage Loans                
Gross Investment         $ 26,120      
Number of beds/units | item         116      
Borrower contribution         $ 12,300      
Loan Term         6 years      
Interest rate (as a percent)         9.00%      
Affiliates of ALG                
Mortgage Loans                
Additional amount funded under mortgage loan       $ 5,546        
Affiliates of ALG | North Carolina/ South Carolina | ALF/MC                
Mortgage Loans                
Number of properties collateralized | property   13   13        
Affiliates of ALG | Michigan | ALF/MC                
Mortgage Loans                
Exchange of mortgage loans for controlling interests in joint ventures accounted for as financing receivables     $ (64,450)          
Affiliates of ALG | North Carolina | ALF                
Mortgage Loans                
Exchange of mortgage loans for controlling interests in joint ventures accounted for as financing receivables   $ (37,985)   $ (37,985)        
Number of Properties | property   4   4        
Additional amount funded under mortgage loan       $ 2,766        
Affiliates of ALG | North Carolina | ALF/MC                
Mortgage Loans                
Number of properties collateralized | property   12   12        
Affiliates of ALG | South Carolina | ALF/MC                
Mortgage Loans                
Number of properties collateralized | property   1   1        
SNF Beds                
Mortgage Loans                
Number of beds/units | item             6,231  
SNF Beds | Mortgage Loans                
Mortgage Loans                
Number of beds/units | item             2,726  
SNF Beds | SNF                
Mortgage Loans                
Number of beds/units | item             6,113  
SNF Beds | SNF | Mortgage loans with 8.8% Interest Maturing 2028 | Mortgage Loans                
Mortgage Loans                
Number of beds/units | item             150