DISPOSITIONS AND IMPAIRMENTS |
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| Discontinued Operations and Disposal Groups [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| DISPOSITIONS AND IMPAIRMENTS | NOTE 5—DISPOSITIONS, ASSETS HELD FOR SALE AND IMPAIRMENTS Dispositions During the nine months ended September 30, 2026, we sold six senior housing communities in our SHOP segment, two properties in our OM&R segment and 11 properties in our NNN segment for aggregate consideration of $66.8 million and recognized $16.0 million in Gain on real estate dispositions in our Consolidated Statements of Income. In October 2026, we sold one senior housing community in our SHOP segment and seven properties in our OM&R segment for aggregate consideration of $135.8 million and expect to recognize a gain of $77.4 million. Assets Held for Sale The table below summarizes our real estate assets and liabilities classified as held for sale reported on our Consolidated Balance Sheets (dollars in thousands):
______________________________ (1) Balances include unsettled working capital related to properties sold. Real Estate Impairments For the three months ended September 30, 2026, we recognized impairments of $49.7 million comprising $44.0 million, $5.5 million and $0.2 million in our SHOP, OM&R and NNN segments, respectively. For the nine months ended September 30, 2026, we recognized impairments of $110.0 million comprising $74.7 million, $31.0 million and $4.3 million in our SHOP, OM&R and NNN segments, respectively. For the three months ended September 30, 2025, we recognized impairments of $28.3 million comprising $0.7 million, $24.3 million and $3.2 million in our SHOP, OM&R and NNN segments, respectively. For the nine months ended September 30, 2025, we recognized impairments of $85.4 million comprising $26.7 million, $55.4 million and $3.3 million in our SHOP, OM&R and NNN segments, respectively. The impairments were recorded primarily as a component of Depreciation and amortization in our Consolidated Statements of Income. The impairments were primarily attributable to changes in our intent to hold certain assets or decreases in their expected future cash flows.
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