Intangible Assets

6 Months Ended

Jun. 30, 2026

Intangible Asset, Goodwill and Other [Abstract]

Intangible assets consist of in-place resident contract intangibles that were recognized upon acquisition of the related communities. The following table summarizes the Company’s intangible assets (dollars in thousands):


Intangible assets	June 30, 2026		December 31, 2025
Gross intangible assets	$	352,973	$	281,356
Accumulated amortization	(156,252)		(254,686)
Intangible assets	$	196,721	$	26,670

Weighted average remaining amortization period in years	3		1

During the six months ended June 30, 2026, in conjunction with the Company’s acquisitions of real estate, the Company acquired $219 million of intangible assets with a weighted average amortization period at acquisition of three years. Other activity during the six months ended June 30, 2026 includes the write-off of fully amortized assets.