v3.26.1
Real Estate and Other Investments (Tables)
 6 Months Ended
Jun. 30, 2026
Real Estate [Abstract]  
Schedule of Disposal Groups
The table below represents the sale prices, excluding closing costs, of our dispositions for the six months ended June 30, 2026. We do not believe these sales represent a strategic shift in our business. As a result, the results of operations for these properties are included in continuing operations through the date of sale of such properties in our condensed consolidated statements of comprehensive income (loss).
Number ofNumber ofLoss on Sale
Date of SaleStateType of PropertyPropertiesUnitsSales Priceof Real Estate
March 2026VariousSenior Living (SHOP)13669$23,000 $(1,207)
Schedule of Capital Expenditures
The following is a summary of capital expenditures, development, redevelopment and other activities for the periods presented:
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
SHOP fixed assets and capital improvements$16,292 $24,283 $30,485 $45,398 
Medical Office and Life Science Portfolio recurring capital expenditures:
Lease related costs (1)
5,293 3,528 8,825 7,375 
Building improvements (2)
1,343 1,518 2,346 3,042 
Subtotal Medical Office and Life Science Portfolio6,636 5,046 11,171 10,417 
Total recurring capital expenditures$22,928 $29,329 $41,656 $55,815 
Development, redevelopment and other activities - SHOP (3)
$2,812 $4,660 $5,793 $10,228 
Development, redevelopment and other activities - Medical Office and Life Science Portfolio (3)
63 — 184 — 
Total development, redevelopment and other activities$2,875 $4,660 $5,977 $10,228 
Capital expenditures by segment:
SHOP$19,104 $28,943 $36,278 $55,626 
Medical Office and Life Science Portfolio6,699 5,046 11,355 10,417 
Total capital expenditures$25,803 $33,989 $47,633 $66,043 
(1)Includes capital expenditures to improve tenants' space or amounts paid directly to tenants to improve their space and other leasing related costs, such as brokerage commissions and tenant inducements.
(2)Includes capital expenditures to replace obsolete building components that extend the useful life of existing assets or other improvements to increase the marketability of the property.
(3)Includes capital expenditures that reposition a property or result in change of use or new sources of revenue.