Summary of investments in owned properties


					Average
			Number of		Investment
	Gross		SNF	SH	per
Type of Property	Investment		Beds	Units	Bed/Unit
Seniors Housing-NNN	$	447,788	—	2,971	$	150.72
Seniors Housing-SHOP		801,022	—	2,879	$	278.23
Seniors Housing		1,248,810	—	5,850	$	213.47
Skilled Nursing		523,027	5,076	236	$	98.46
Other ⁽²⁾		12,005	118	—		n/a
Total ⁽³⁾	$	1,783,842	5,194	6,086

(2)	Includes three parcels of land held-for-use, and one behavioral health care hospital.

(3)

Subsequent to June 30, 2026, we acquired five SHs within our SHOP segment for an aggregate purchase price of $207,850. The communities have an aggregate of 495 units and are located in Colorado, Minnesota (2), New Mexico and Wisconsin. Additionally, we sold a 99-bed SNF in Oregon for $34,200. The property had a gross book value and net book value of $5,177 and $654, respectively.

Summary of acquisitions

During the six months ended June 30, 2026 and 2025, we acquired the following communities within our SHOP segment (dollar amounts in thousands):


							Total			Number	Number
			Purchase		Transaction		Acquisition			of	of
Year	State ⁽¹⁾	Type of Property	Price ⁽¹⁾		Costs		Costs ⁽¹⁾			Properties⁽¹⁾	Beds/Units ⁽¹⁾
2026	Georgia	SH	$	108,000	$	192	$	108,192		3	394
	Arizona	SH		54,250		58		54,308		1	104
	Illinois	SH		9,205		82		9,287		1	61
	Totals		$	171,455	$	332	$	171,787	⁽²⁾	5	559

2025	n/a	n/a	$	—	$	—	$	—		—	—

(1)	Subsequent to June 30, 2026, we acquired the following five additional communities within our SHOP segment and entered into three management agreements with three independent operators:


	Number			Number	Type
	of		Purchase	of	of
State	Properties		Price	Units	Property
Minnesota	2	$	95,350	215	SH
New Mexico & Colorado	2		72,500	133	SH
Wisconsin	1		40,000	147	SH
Totals	5	$	207,850	495

(2)	Excludes $217 of additional costs incurred related to 2025 acquisitions. Additionally, at acquisition, we received property tax proration credits of $381.

Schedule of triple-net lease extensions of real estate investments portfolio

The following table provides information related to our triple-net lease extensions during the six months ended June 30, 2026 and 2025 (dollar amounts in thousands):


			Number	Number
		Gross	of	of		Original		Extended
Type of Property		Investment	Properties	Beds/Units	State	Maturity		Maturity
SH	$	83,293	5	266	CO, NJ	December 31, 2027		December 31, 2032
SH		68,767	7	461	IL, MI, OH	May 31, 2026		May 31, 2027
SH		9,052	4	155	OK	October 31, 2026		October 31, 2030
	$	161,112	16	882

SH	$	68,353	7	461	IL, MI, OH	May 31, 2025		May 31, 2026
SNF		53,339	6	782	AL, NM	April 30, 2026	⁽¹⁾	April 30, 2031
SH		32,361	2	159	GA, SC	December 31, 2025		December 31, 2026
SH		25,704	2	88	TX	February 28, 2025		February 28, 2026
SNF		13,054	2	211	SC	February 28, 2026		February 28, 2031
SNF		5,275	2	141	TN	December 31, 2025	⁽²⁾	December 31, 2026
	$	198,086	21	1,842

(1)	During the third quarter of 2025, Genesis Healthcare, Inc. (“Genesis”) filed for Chapter 11 bankruptcy. Genesis has paid their contractual rent through August 2026.

(2)	During the third quarter of 2025, the operator provided an election notice to exercise its purchase option, and the properties were sold during the second quarter of 2026. See Properties Sold below for more information.

Summary of information about purchase options included in our lease agreements

The following table summarizes information about purchase options included in our lease agreements as of June 30, 2026 (dollar amounts in thousands):


			Type	Number
Option			of	of		Gross		Net Book
Window		State	Property	Properties		Investments ⁽¹⁾		Value
2027-2029		Oklahoma	SH	4	$	9,052	$	2,874
2027-2029	⁽²⁾	Texas	SNF	4		52,726		46,868
2029		Colorado/Kansas/Ohio/Texas	SH	17		65,877		27,596
2029		North Carolina	SH	5		15,239		6,595
		Total		30	$	142,894	$	83,933

(1)	Gross investments include previously recorded impairment losses, if any.

(2)	The operator may elect to either receive an earn-out payment or exercise its purchase option. If neither option is elected within the timeframe defined in the lease, both elections are terminated. For more information regarding the earn-out see Note 14. Commitments and Contingencies.

Schedule of properties held-for-sale

The following table summarizes our held-for-sale properties as of June 30, 2026 and December 31, 2025 (dollar amounts in thousands):

Type

Number

of

Gross

Accumulated

State

Property

Properties

Beds/units

Investment

Depreciation

At June 30, 2026

Oregon

SNF

1

⁽¹⁾

99

$

5,177

$

(4,523)

At December 31, 2025

n/a

—

$

—

$

—

(1)	Subsequent to June 30, 2026, this property was sold.