v3.26.1
Segment Information (Details)
 3 Months Ended 6 Months Ended
Jun. 30, 2026
USD ($)
Mar. 31, 2026
USD ($)
Jun. 30, 2025
USD ($)
Mar. 31, 2025
USD ($)
Jun. 30, 2026
USD ($)
segment
Jun. 30, 2025
USD ($)
Revenues:            
Number of operating segments | segment         2  
Number of reportable segments | segment         2  
Rental income $ 25,990,000   $ 30,177,000   $ 52,329,000 $ 61,621,000
Resident fees and services 56,132,000   11,950,000   105,717,000 11,950,000
Interest income from financing receivables 5,640,000   7,084,000   13,895,000 14,086,000
Interest income from mortgage loans 10,315,000   9,680,000   20,544,000 18,859,000
Interest and other income 782,000   1,349,000   1,785,000 2,755,000
Total revenues 98,859,000   60,240,000   194,270,000 109,271,000
Expenses:            
Income from unconsolidated joint ventures 101,000   439,000   396,000 4,104,000
Property level expenses (44,309,000)   (12,214,000)   (83,592,000) (15,321,000)
NOI 54,651,000   48,465,000   111,074,000 98,054,000
Interest expense (9,484,000)   (8,014,000)   (20,266,000) (15,927,000)
Depreciation and amortization (12,371,000)   (8,776,000)   (24,350,000) (17,938,000)
Write-off of effective interest receivable         (198,000)  
Recovery (Provision) for credit losses (27,000)   (387,000)   657,000 (3,439,000)
Transaction costs (1,189,000)   (6,706,000)   (1,877,000) (7,147,000)
General and administrative expenses (8,161,000)   (8,447,000)   (16,743,000) (15,418,000)
Gain on sale of real estate, net 7,562,000   332,000   7,552,000 503,000
Income tax provision (166,000)   81,000   (276,000) 81,000
Net income 30,815,000 $ 24,956,000 16,548,000 $ 22,221,000 55,771,000 38,769,000
Non-segment/corporate            
Revenues:            
Interest and other income 143,000   125,000   507,000 304,000
Total revenues 143,000   125,000   507,000 304,000
Expenses:            
NOI 143,000   125,000   507,000 304,000
Real estate investment portfolio | Operating segments            
Revenues:            
Rental income 25,990,000   30,177,000   52,329,000 61,621,000
Interest income from financing receivables 5,640,000   7,084,000   13,895,000 14,086,000
Interest income from mortgage loans 10,315,000   9,680,000   20,544,000 18,859,000
Interest and other income 639,000   1,224,000   1,278,000 2,451,000
Total revenues 42,584,000   48,165,000   88,046,000 97,017,000
Expenses:            
Income from unconsolidated joint ventures 101,000   439,000   396,000 4,104,000
Property level expenses (2,101,000)   (2,795,000)   (4,495,000) (5,902,000)
NOI 40,584,000   45,809,000   83,947,000 95,219,000
SHOP | Operating segments            
Revenues:            
Resident fees and services 56,132,000   11,950,000   105,717,000 11,950,000
Total revenues 56,132,000   11,950,000   105,717,000 11,950,000
Expenses:            
Property level expenses (42,208,000)   (9,419,000)   (79,097,000) (9,419,000)
NOI $ 13,924,000   $ 2,531,000   $ 26,620,000 $ 2,531,000