v3.26.1
Intangible Assets and Goodwill (Tables)
 6 Months Ended
Jun. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Summary of Real Estate Intangibles Excluding Those Related to Ground Lease or Classified as Held For Sale
The following is a summary of our real estate intangibles, excluding those related to ground leases or classified as held for sale, as of the dates indicated (in thousands):
 June 30, 2026December 31, 2025
Assets:
Gross acquired lease intangibles$3,167,918 $2,845,686 
Accumulated amortization(2,290,397)(1,936,939)
Net book value$877,521 $908,747 
Liabilities:
Below market tenant leases$11,488 $25,546 
Accumulated amortization(6,109)(18,825)
Net book value$5,379 $6,721 
Summary of Real Estate Intangible Amortization Income (Expense)
The following is a summary of real estate intangible amortization income (expense) for the periods presented (in thousands):
Three Months Ended June 30,
Six Months Ended June 30,
2026202520262025
Rental income related to (above)/below market tenant leases, net$71 $(148)$196 $(310)
Amortization related to in-place lease intangibles and lease commissions(229,775)(101,546)(391,314)(210,529)
Goodwill
The change in the carrying amount of goodwill by reportable segment is as follows (in thousands):
Seniors Housing OperatingOutpatient MedicalTotal
Balance at December 31, 2025
$277,995 $68,321 $346,316 
Acquisition measurement period adjustments$6,897 $— $6,897 
Effect of foreign currency translation(3,984)— (3,984)
Balance at June 30, 2026
$280,908 $68,321 $349,229