Major operator or borrower concentration – The Company has operators and borrowers from which it derived 10% or more of its revenue for the three and six months ended June 30, 2026 and 2025. The following table sets forth information regarding the Company’s major operators as of June 30, 2026 and 2025:


	Percentage of Total Revenue
Operator/Borrower		Three Months Ended		Six Months Ended
June 30, 2026(1)
Ensign(2)		15	%	16	%


June 30, 2025(1)
Ensign(2)		19	%	20	%
PACS(2)		10	%	10	%

(1) Based on the Company’s rental income, resident fees and services, and interest income on financing receivables and other real estate related investments, exclusive of operating expense reimbursements.

(2) Ensign and the PACS Group, Inc. (“PACS”) are subject to the registration and reporting requirements of the U.S. Securities and Exchange Commission (the “SEC”) and are required to file with the SEC annual reports containing audited financial information and quarterly reports containing unaudited financial information. Ensign and PACS’s financial statements, as filed with the SEC, can be found at http://www.sec.gov. The Company has not verified this information through an independent investigation or otherwise.

Major geographic concentration – The following table provides information regarding the Company’s concentrations with respect to certain geographies from which the Company derived 10% or more of its revenue for the three and six months ended June 30, 2026 and 2025:


	Percentage of Total Revenue
Geography		Three Months Ended		Six Months Ended
June 30, 2026(1)
CA		23	%	20	%
U.K.		16	%	16	%
TX		10	%	10	%




June 30, 2025(1)
CA		21	%	22	%
TN		11	%	11	%
TX		11	%	11	%
U.K.		10	%	6	%