Item 2. Properties
Item 2 – Properties
At December 31, 2022, 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) real estate loans, including mortgages on facilities that are operated by the mortgagors or their affiliates. Our facilities related to these investments are located in 42 states and the U.K.
The following table presents the concentration of our gross real estate assets, assets held for sale, gross investment in direct financing leases and gross mortgage notes receivables (included within our real estate loans receivable) by state and the U.K. as of December 31, 2022:
Gross
% of
Number of
Number of
Investment
Gross
Location
Operating Beds
Facilities
(in thousands)
Investment
Florida
12,022
98
$
1,104,417
11.5
%
Texas
10,957
111
987,456
10.3
%
Indiana
6,937
70
638,275
6.6
%
California
4,322
52
568,726
5.9
%
Ohio
4,894
43
541,412
5.6
%
United Kingdom
4,791
92
522,457
5.4
%
Michigan
3,598
38
501,496
5.2
%
Pennsylvania
4,399
46
498,297
5.2
%
Virginia
3,668
28
424,099
4.4
%
North Carolina
4,676
45
406,736
4.2
%
Remaining States
29,701
303
3,419,191
35.7
%
89,965
926
$
9,612,562
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.
31
Table of Contents
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.