
	Three Months Ended March 31,
(in thousands)	2026		2025
Supplemental Disclosure of Cash Flow Information:
Interest paid	$	52,227	$	53,173
Income taxes paid, net of (refunds)	$	356	$	7

Capital expenditures, net of related payables:
Capital expenditures - non-development, net	$	48,380	$	41,127
Capital expenditures - development, net	—		9
Capital expenditures - non-development - reimbursable from lessor	4,775		2,013
Trade accounts payable	(6,679)		(1,332)
Net cash paid	$	46,476	$	41,817
Acquisition of assets:


Property, plant and equipment and leasehold intangibles, net	$	—	$	1,028







Financing lease obligations	—		277,208



Loss on debt modification and extinguishment, net	—		32,792

Net cash paid	$	—	$	311,028





Proceeds from sale of assets, net:
Prepaid expenses and other assets, net	$	(941)	$	—

Property, plant and equipment and leasehold intangibles, net	(17,422)		—






Other liabilities	338		—

Loss (gain) on sale of communities, net	(4,034)		—
Net cash received	$	(22,059)	$	—

Restricted cash consists principally of escrow deposits for interest rate caps, real estate taxes, property insurance, capital expenditures, and debt service reserves required by certain lenders under mortgage debt agreements, deposits as security for self-insured retention risk under general and professional liability programs, property insurance programs, and workers' compensation programs, and regulatory reserves for certain CCRCs. The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the condensed consolidated balance sheets that sums to the total of the same such amounts shown in the condensed consolidated statements of cash flows.


(in thousands)	March 31, 2026		December 31, 2025
Reconciliation of cash, cash equivalents, and restricted cash:
Cash and cash equivalents	$	265,204	$	279,122
Restricted cash - current	31,075		33,227
Restricted cash - non-current	37,374		30,659
Total cash, cash equivalents, and restricted cash	$	333,653	$	343,008