Item 2. Properties
Item 2 – Properties
At December 31, 2021, our real estate investments include SNFs and ALFs and to a lesser extent ILFs, specialty facilities and MOBs, in the form of (i) owned facilities that are leased to operators or their affiliates, (ii) investments in direct financing leases to operators or their affiliates and (iii) mortgages on facilities that are operated by the mortgagors or their affiliates. The properties are located in 42 states and the U.K.
The following table presents the concentration of our real estate investments by state and the U.K. as of December 31, 2021:
% of
Gross Real Estate
Gross Real
Number of
Number of
Investment
Estate
Location
Operating Beds
Facilities
(in thousands)
Investment
Florida
16,345
133
$
1,491,905
14.7
%
Texas
11,190
114
995,386
9.8
%
Michigan
4,833
46
648,738
6.4
%
Indiana
6,941
70
643,640
6.4
%
California
4,476
53
580,542
5.7
%
Ohio
4,957
48
579,343
5.7
%
Pennsylvania
4,960
54
554,741
5.5
%
United Kingdom
3,057
59
447,574
4.4
%
Virginia
3,668
28
422,024
4.2
%
New York
258
1
336,069
3.3
%
Remaining States
35,018
354
3,430,983
33.9
%
95,703
960
$
10,130,945
100.0
%
Item 3 – Legal Proceedings
See Note 20— Commitments and Contingencies to the Consolidated Financial Statements - Part IV, Item 15, which is hereby incorporated by reference in response to this item.
Item 4 – Mine Safety Disclosures
None.
PART II
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.