Intangible Assets and Goodwill |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Goodwill and Intangible Assets Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Intangible Assets and Goodwill | NOTE 5. Intangible Assets and Goodwill Intangible assets consist of in-place resident contract intangibles that were recognized upon acquiring 100% interest in the related properties. The following table summarizes the Company’s intangible assets (dollars in thousands):
During the years ended December 31, 2025 and 2024, depreciation and amortization expense related to amortization of intangible assets was $48 million and $53 million, respectively. The following table summarizes the estimated annual amortization for each of the five succeeding fiscal years and thereafter (in thousands):
Goodwill At each of December 31, 2025 and 2024, the Company had goodwill of $4 million. This goodwill balance represents the historical basis recognized by the Parent that is attributable to the Company. During each of the years ended December 31, 2025 and 2024, the fair value of the Company’s reporting unit was greater than the carrying value, including the related goodwill, and as a result, no impairment charges were recognized. |
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