v3.26.1
Real Estate Investments, Net (Tables)
 3 Months Ended
Mar. 31, 2026
Real Estate Investments, Net [Abstract]  
Schedule of Revenue
The following table lists the states where the Company had concentrations of properties where annualized rental income on a straight-line basis represented 10% or more of total annualized rental income on a straight-line basis for all properties as of March 31, 2026 and 2025.
As of March 31,
State20262025
Florida22.7%22.1%
Pennsylvania11.2%10.7%
Georgia10.8%11.1%
Iowa10.6%10.0%
Schedule of Amortization and Accretion Recognized
The following table discloses amounts recognized within the consolidated statements of operations and comprehensive loss related to amortization of in-place lease intangible and other intangible assets, amortization and accretion of above- and below-market lease intangible assets and liabilities, net and the amortization and accretion of above- and below-market ground leases, net, for the periods presented (dollars in thousands):
Three months ended March 31,
20262025
Amortization of in-place lease intangible and other intangible assets (1)
$1,995 $2,515 
Accretion of above- and below-market lease intangibles, net (2)
(170)(39)
Amortization of above- and below-market ground leases, net (3)
32 2,378 
________
(1)Reflected within depreciation and amortization expense.
(2)Reflected within revenue from tenants.
(3)Reflected within property operating and maintenance expense.
Schedule of Impairments Recorded
The following table presents impairment charges by segment recorded during the three months ended March 31, 2026 and 2025 (dollars in thousands):
Three months ended March 31,
20262025
OMF
$— $747 
SHOP
— 11,152 
Total impairment charges(1)
$— $11,899 
(1)No impairments were recorded during the three months ended March 31, 2026. Amounts presented for the three months ended March 31, 2025 primarily relate to two held-for-use SHOPs and one held-for-use OMF. These properties were impaired to their contractual sales price as determined by their purchase and sale agreements and were subsequently sold during 2025.