Item 2. Properties
Item 2. Properties.
At December 31, 2022, our portfolio was comprised of 379 wholly owned properties. The gross book value of real estate assets at cost plus certain acquisition costs, before depreciation and purchase price allocations and less impairment write downs, of these properties totaled $7.1 billion at December 31, 2022. As of December 31, 2022, four properties with gross book value of real estate assets at cost plus certain acquisition costs, before depreciation and purchase price allocations and less impairment write downs, of $97.9 million and a net book value of $60.2 million were subject to secured financing and finance lease obligations with an aggregate principal balance of $30.1 million.
56
Table of Contents
The following table summarizes certain information about our wholly owned properties as of December 31, 2022. All dollar amounts are in thousands:
Office Portfolio Senior Housing Operating Portfolio All Other Consolidated
State Number
of
Properties Gross Book Value of Real Estate Assets (1)
Net Book
Value Number of
Properties Gross Book Value of Real Estate Assets (1)
Net Book
Value Number of
Properties Gross Book Value of Real Estate Assets (1)
Net Book
Value Number of
Properties Gross Book Value of Real Estate Assets (1)
Net Book
Value
AL — $ — $ — 8 $ 102,379 $ 73,083 — $ — $ — 8 $ 102,379 $ 73,083
AR — — — 3 45,371 28,014 — — — 3 45,371 28,014
AZ 4 73,465 53,958 6 158,428 97,616 1 3,510 1,963 11 235,403 153,537
CA 10 449,855 341,620 9 200,928 131,841 1 7,281 4,257 20 658,064 477,718
CO 2 20,756 12,826 8 109,329 74,148 2 18,867 12,343 12 148,952 99,317
CT 1 7,683 5,263 — — — — — — 1 7,683 5,263
DC 2 107,301 83,054 — — — — — — 2 107,301 83,054
DE — — — 6 114,265 74,787 — — — 6 114,265 74,787
FL 7 41,034 28,648 19 644,870 421,172 2 12,345 10,586 28 698,249 460,406
GA 5 85,944 58,521 25 320,801 221,934 2 46,811 34,099 32 453,556 314,554
HI 1 79,591 57,988 — — — — — — 1 79,591 57,988
ID — — — — — — 2 22,839 15,595 2 22,839 15,595
IL 4 68,101 43,858 11 181,593 107,258 1 20,641 13,604 16 270,335 164,720
IN 1 22,240 12,838 11 177,979 123,221 2 69,243 50,303 14 269,462 186,362
KS 2 62,475 39,596 3 68,748 45,017 — — — 5 131,223 84,613
KY — — — 9 115,815 68,066 — — — 9 115,815 68,066
MA 6 161,383 123,847 1 35,216 21,452 — — — 7 196,599 145,299
MD 3 46,219 30,571 11 263,471 181,431 1 20,964 15,017 15 330,654 227,019
MI — — — — — — 5 15,943 8,967 5 15,943 8,967
MN 9 126,565 87,129 1 16,129 13,120 2 6,319 3,578 12 149,013 103,827
MO 3 140,388 91,602 5 73,581 48,533 — — — 8 213,969 140,135
NC 2 61,388 43,602 16 238,093 179,363 1 6,839 3,840 19 306,320 226,805
NE — — — 1 8,566 5,583 1 26,702 18,789 2 35,268 24,372
NJ — — — 3 123,218 86,116 1 2,240 2,240 4 125,458 88,356
NM 2 38,267 27,932 1 33,906 20,093 3 33,303 21,348 6 105,476 69,373
NV — — — 2 84,856 59,230 — — — 2 84,856 59,230
NY 3 80,265 55,138 1 115,423 81,927 — — — 4 195,688 137,065
OH 1 18,601 11,895 1 47,694 29,046 1 4,428 1,755 3 70,723 42,696
OR — — — 1 49,047 43,790 — — — 1 49,047 43,790
PA 5 63,545 43,415 9 90,446 57,321 2 3,535 2,028 16 157,526 102,764
SC 2 15,575 9,759 17 142,780 104,554 2 3,935 2,279 21 162,290 116,592
TN 1 9,571 6,144 14 182,323 141,027 2 15,667 10,286 17 207,561 157,457
TX 11 220,642 151,945 13 377,797 254,017 1 20,502 14,066 25 618,941 420,028
VA 8 128,215 84,754 12 149,595 100,438 — — — 20 277,810 185,192
WA — — — — — — 2 18,892 11,241 2 18,892 11,241
WI 10 169,236 116,800 7 116,286 81,775 — — — 17 285,522 198,575
WY — — — 2 14,153 8,331 — — — 2 14,153 8,331
Total 105 2,298,305 1,622,703 236 4,403,086 2,983,304 37 380,806 258,184 378 7,082,197 4,864,191
Held for Sale — — — 1 486 385 — — — 1 486 385
Grand Total 105 $ 2,298,305 $ 1,622,703 237 $ 4,403,572 $ 2,983,689 37 $ 380,806 $ 258,184 379 $ 7,082,683 $ 4,864,576
(1) Represents gross book value of real estate assets at cost plus certain acquisition costs, before depreciation and purchase price allocations and less impairment write downs, if any.
57
Table of Contents