v3.26.1
Real Estate Properties (Tables)
 6 Months Ended
Jun. 30, 2026
Real Estate [Abstract]  
Schedule of Acquisition of Real Estate Properties
During the six months ended June 30, 2026, we completed the following acquisitions of real estate properties ($ in thousands):

Buildings,Other
NumberImprovementsAssets and
ofandLiabilities,
Operators / ManagersPeriodPropertiesLandIntangibles
Net1
Total
Real Estate Investments segment:
The Fellowship FamilyQ2 20262$1,723 $15,788 $— $17,511 
SHOP segment:
Allegro Living ManagementQ1 202699,201 96,287 — 105,488 
Generations, LLCQ2 2026715,064 90,825 998 106,887 
Total acquisitions$25,988 $202,900 $998 $229,886 

1    We recognized a ROU asset of $3.0 million and an operating lease liability of $2.0 million related to a ground lease that we assumed in an acquisition.
Schedule of Disposition of Real Estate Properties
During the six months ended June 30, 2026, we completed the following dispositions of real estate properties ($ in thousands):

NumberNetGains
ofNetCarryingon
OperatorsPeriodPropertiesProceedsAmountsDispositions
Real Estate Investments segment:
The Brook Retirement CommunitiesQ1 20261$6,662 $4,175 $2,487 
PruittHealth - Orangeburg1
Q2 202613,170 2,369 801 
Bickford Senior Living (“Bickford”)2
Q2 202614,345 3,562 783 
Santé - Silverdale3
Q2 2026139,000 18,802 20,198 
Wingate Living4
Q2 2026145,284 45,222 62 
Total dispositions$98,461 $74,130 $24,331 

1    This property was acquired by the tenant pursuant to a purchase option in the respective lease agreement.
2    This property was classified as assets held for sale on our condensed consolidated balance sheet as of December 31, 2025.
3    The tenant acquired this property pursuant to a purchase and sale agreement that was executed in 2024.
4    The net proceeds received on the sale of this property included a $5.5 million mortgage note from an affiliate of the buyer.