v3.26.3
Intangibles
9 Months Ended
Sep. 30, 2026
Intangibles [Abstract]  
Intangibles Intangibles
Intangible assets primarily consist of lease-up intangibles and above market lease intangibles. The following table summarizes the Company’s intangible lease assets (dollars in thousands):
Intangible lease assetsSeptember 30,
2026
December 31,
2025
Gross intangible lease assets(1)
$1,478,559 $1,377,039 
Accumulated depreciation and amortization(2)
(560,859)(722,523)
Intangible assets$917,700 $654,516 
Weighted average remaining amortization period in years45
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(1)As of September 30, 2026 and December 31, 2025, includes $1.44 billion and $1.33 billion, respectively, of gross lease-up intangibles and $38 million and $43 million, respectively, of gross above market lease intangibles.
(2)As of September 30, 2026 and December 31, 2025, includes $543 million and $705 million, respectively, of accumulated depreciation and amortization on lease-up intangibles and $18 million and $17 million, respectively, of accumulated depreciation and amortization on above market lease intangibles.
Intangible liabilities consist of below market lease intangibles. The following table summarizes the Company’s intangible lease liabilities (dollars in thousands):
Intangible lease liabilitiesSeptember 30,
2026
December 31,
2025
Gross intangible lease liabilities$277,873 $316,197 
Accumulated depreciation and amortization(131,185)(142,500)
Intangible liabilities$146,688 $173,697 
Weighted average remaining amortization period in years99
During the nine months ended September 30, 2026, in conjunction with the Company’s acquisitions of real estate, the Company acquired $497 million of intangible assets with a weighted average amortization period at acquisition of three years. Other activity during the nine months ended September 30, 2026 includes the write-off of fully depreciated assets.
During the year ended December 31, 2025, in conjunction with the Company’s acquisitions of real estate, the Company acquired $137 million of intangible assets with a weighted average amortization period at acquisition of seven years and $31 million of intangible liabilities with a weighted average amortization period at acquisition of eight years.
Goodwill
At September 30, 2026 and December 31, 2025, goodwill was allocated to the Company’s segment assets as follows (in thousands):
Segment
September 30,
2026
December 31,
2025
Outpatient medical
$64,680 $64,680 
Senior housing3,849 3,849 
$68,529 $68,529