Subsequent Events	3 Months Ended
Mar. 31, 2026
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events Subsequent Financing On May 7, 2026, the Company added an incremental lender to its Revolving Credit Facility and Term Loan Facility, increasing each by $25.0 million and incurring $0.4 million in lender fees. The funds were used on May 7, 2026 to repay $50.0 million of loans outstanding under our Bridge Facility. As a result of the transaction, as of May 7, 2026, the Term Loan Facility increased to $575.0 million in term loans in two equal tranches, the Revolving Credit Facility increased to a commitment of $455.0 million, and the Bridge Facility decreased to $170.0 million. Purchase and Sale Agreements On April 7, 2026, the Company signed a purchase and sale agreement for one of its communities for a sales price of $9.6 million. The sale of the community has not been finalized. The Company has reported this community as held for sale on the Company’s condensed consolidated balance sheet as of March 31, 2026. In May 2026, the Company committed to a plan to sell one of its communities. On May 8, 2026, the Company executed a purchase and sale agreement for a sales price of $13.5 million. The sale of the community has not been finalized. Preferred Equity Investment In April 2026, the Company closed a preferred equity investment totaling $2.9 million to recapitalize a senior living community in Texas. The preferred equity investment carries 15% annual non-compounding coupon.

Subsequent Events

3 Months Ended

Mar. 31, 2026

Subsequent Financing

On May 7, 2026, the Company added an incremental lender to its Revolving Credit Facility and Term Loan Facility, increasing each by $25.0 million and incurring $0.4 million in lender fees. The funds were used on May 7, 2026 to repay $50.0 million of loans outstanding under our Bridge Facility. As a result of the transaction, as of May 7, 2026, the Term Loan Facility increased to $575.0 million in term loans in two equal tranches, the Revolving Credit Facility increased to a commitment of $455.0 million, and the Bridge Facility decreased to $170.0 million.

Purchase and Sale Agreements

On April 7, 2026, the Company signed a purchase and sale agreement for one of its communities for a sales price of $9.6 million. The sale of the community has not been finalized. The Company has reported this community as held for sale on the Company’s condensed consolidated balance sheet as of March 31, 2026.

In May 2026, the Company committed to a plan to sell one of its communities. On May 8, 2026, the Company executed a purchase and sale agreement for a sales price of $13.5 million. The sale of the community has not been finalized.

Preferred Equity Investment

In April 2026, the Company closed a preferred equity investment totaling $2.9 million to recapitalize a senior living community in Texas. The preferred equity investment carries 15% annual non-compounding coupon.