v3.26.1
Other Assets, Net
 6 Months Ended
Jun. 30, 2026
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Other Assets, Net Other Assets, Net
Other assets, net, consisted of the following ($ in thousands):

June 30,December 31,
20262025
Real Estate Investments segment accounts receivable and other assets, net$4,516 $3,435 
SHOP segment accounts receivable, net of allowances of $192 and $309, respectively,
and other assets, net4,186 3,137 
ROU assets related to operating leases, net4,540 1,486 
Lease incentives, net12,647 4,976 
Regulatory escrows6,208 6,208 
Restricted cash20,046 — 
Total other assets, net$52,143 $19,242 

In April 2026, we recorded a lease incentive of $9.2 million when the contingency associated with the acquisition of a real estate portfolio in 2024 was probable of being met. This lease incentive is being amortized on a straight-line basis over the remaining master lease term of 13 years.
As of June 30, 2026, our restricted cash consisted of a deposit maintained in an escrow account pursuant to the terms of the purchase and sale agreement with the NHC Purchaser. Upon the completion of the NHC leased portfolio sale, these funds were redeposited to our corporate bank account in July 2026.

Leases - Lessee

Our operating leases primarily consist of two ground leases. The ground leases were assumed by us in connection with our acquisitions of the respective real estate properties.

As of June 30, 2026, we reclassified our ROU assets related to operating leases from real estate properties, net, to other assets, net, and reclassified our operating lease liabilities from accounts payable and other liabilities to operating lease liabilities on our condensed consolidated balance sheet. We have presented the amounts as of December 31, 2025 on a comparative basis. As of June 30, 2026 and December 31, 2025, ROU assets related to operating leases were $4.5 million and $1.5 million, respectively, and our operating lease liabilities were $3.7 million and $1.7 million, respectively.

The contractual amounts of future minimum lease payments due from us under operating leases as of June 30, 2026 were as follows ($ in thousands):

Remainder of 2026$146 
2027294 
2028303 
2029262 
2030249 
Thereafter7,082 
Total future minimum contractual lease payments8,336 
Imputed interest(4,592)
Total operating lease liabilities$3,744 

As of June 30, 2026 and December 31, 2025, the weighted average discount rates related to our operating leases were 6.0% and 4.7%, respectively, and the weighted average remaining contractual terms of these leases were 32.9 years and 23.3 years, respectively.