Item 2. Properties
ITEM 2. Properties
As of December 31, 2021, all of our properties are leased under long-term, triple-net leases, except for two ALFs for which we are in the process of identifying an operator . The following table displays the expiration of the annualized contractual cash rental income under our lease agreements as of December 31, 2021 by year and total investment (dollars in thousands) and, in each case, without giving effect to any renewal or purchase options:
Lease
Maturity Percent of Total Percent of
Year Investment (1)
Investment Rent (1)
Total Rent
2024 $ 15,800 0.8 % $ 1,492 0.8 %
2027 41,896 2.1 % 4,792 2.5 %
2028 4,909 0.2 % 445 0.2 %
2029 114,116 5.8 % 8,797 4.6 %
2030 207,182 10.5 % 19,311 10.1 %
2031 534,876 27.1 % 52,700 27.5 %
2032 181,442 9.2 % 17,482 9.1 %
2033 214,319 10.9 % 23,887 12.5 %
2034 414,053 21.0 % 39,391 20.6 %
2036 146,487 7.4 % 13,524 7.1 %
2038 95,800 5.0 % 9,811 5.0 %
Total $ 1,970,880 100.0 % $ 191,632 100.0 %
(1) Amounts exclude properties classified as held for sale as of December 31, 2021.
See the “Tenant Purchase Options” section of Note 3, Real Estate Investments, Net in the Notes to consolidated financial statements for additional information on leases subject to purchase options.
The information set forth under “Portfolio Summary” in Item 1 of this Annual Report on Form 10-K is incorporated by reference herein.
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.