v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)
shares in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenues:        
Total residents fees and services $ 365,387,000 $ 382,712,000 $ 731,858,000 $ 769,576,000
Expenses:        
Property operating expenses 280,944,000 312,580,000 571,500,000 626,906,000
Depreciation and amortization 62,542,000 66,266,000 125,456,000 134,591,000
General and administrative 19,333,000 11,177,000 33,371,000 20,177,000
Acquisition and certain other transaction related costs 3,086,000 75,000 6,779,000 99,000
Impairment of assets 0 30,993,000 0 69,465,000
Total expenses 365,905,000 421,091,000 737,106,000 851,238,000
(Loss) gain on sale of real estate (629,000) (7,429,000) (1,836,000) 102,711,000
Gain on insurance recoveries 0 0 0 7,522,000
Interest and other income 258,000 2,982,000 491,000 5,081,000
Interest expense (including net amortization of debt discounts, premiums and issuance costs of $2,309, $19,886, $4,638 and $45,973, respectively) (37,083,000) (50,926,000) (74,128,000) (108,757,000)
Loss on modification or early extinguishment of debt 0 (126,000) 0 (29,197,000)
Loss before income taxes and equity in net earnings of investees (37,972,000) (93,878,000) (80,721,000) (104,302,000)
Income tax expense (1,297,000) (843,000) (1,919,000) (892,000)
Equity in net earnings of investees     1,946,000 4,569,000
Net loss (37,419,000) (91,639,000) (80,694,000) (100,625,000)
Other comprehensive income (loss):        
Equity in unrealized gains of an investee 0 25,000 0 52,000
Unrealized gain (loss) on derivative 38,000 (11,000) (43,000) (17,000)
Other comprehensive income (loss) 38,000 14,000 (43,000) 35,000
Comprehensive loss $ (37,381,000) $ (91,625,000) $ (80,737,000) $ (100,590,000)
Weighted average common shares outstanding - basic (in shares) 240,749 240,132 240,722 240,045
Weighted average common shares outstanding - diluted (in shares) 240,749 240,132 240,722 240,045
Per Common Share Amounts, Basic and Diluted [Abstract]        
Net loss per common share - basic (in dollars per share) $ (0.16) $ (0.38) $ (0.34) $ (0.42)
Net loss per common share - diluted (in dollars per share) $ (0.16) $ (0.38) $ (0.34) $ (0.42)
Affiliated Entity        
Expenses:        
Equity in net earnings of investees $ 1,850,000 $ 3,082,000 $ 1,946,000 $ 4,569,000
Rental income        
Revenues:        
Total residents fees and services 47,466,000 55,167,000 96,712,000 113,725,000
Residents fees and services        
Revenues:        
Total residents fees and services $ 317,921,000 $ 327,545,000 $ 635,146,000 $ 655,851,000