v3.26.1
Real Estate Investments, Net (Tables)
 6 Months Ended
Jun. 30, 2026
Real Estate Investments, Net [Abstract]  
Schedule of Revenue
The following table lists the states where the Company had concentrations of properties where annualized rental income on a straight-line basis represented 10% or more of total annualized rental income on a straight-line basis for all properties as of June 30, 2026 and 2025.
As of June 30,
State20262025
Florida22.9%22.4%
Pennsylvania11.1%10.7%
Iowa10.7%10.3%
Georgia10.6%11.1%
Schedule of Amortization and Accretion Recognized
The following table discloses amounts recognized within the consolidated statements of operations and comprehensive loss related to amortization of in-place lease intangible and other intangible assets, amortization and accretion of above- and below-market lease intangible assets and liabilities, net and the amortization and accretion of above- and below-market ground leases, net, for the periods presented (dollars in thousands):
Three months ended June 30,Six months ended June 30,
2026202520262025
Amortization of in-place lease and other intangible assets (1)
$1,786 $2,168 $3,781 $4,683 
Accretion of above- and below-market lease intangibles, net (2)
(170)(158)$(340)$(197)
Amortization of above- and below-market ground leases, net (3)
32 32 $63 $2,410 
________
(1)Reflected within depreciation and amortization expense.
(2)Reflected within revenue from tenants.
(3)Reflected within property operating and maintenance expense.
Schedule of Impairments Recorded
The following table presents impairment charges by segment recorded during the three and six months ended June 30, 2026 and 2025 (dollars in thousands):
Three months ended June 30,Six months ended June 30,
2026202520262025
OMF
$— $1,142 $— $1,889 
SHOP
3,780 14,070 3,780 25,222 
Total impairment charges(1)
$3,780 $15,212 $3,780 $27,111 
(1)During the six months ended June 30, 2026, impairment is attributed to one held-for-use SHOP community. The community was impaired to its contractual sales price as determined by the purchase and sale agreement executed after the reporting date. Amounts presented for the six months ended June 30, 2025 relate to two held-for-use SHOP communities, two held-for-use OMF and one SHOP community held for sale during this period. These properties were impaired to their contractual sales price as determined by their purchase and sale agreements and were subsequently sold during 2025.