Item 2. Properties
Item 2 – Properties
At December 31, 2023, 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, 2023:
Gross
% of
Number of
Number of
Investment
Gross
Location
Operating Beds
Facilities
(in thousands)
Investment
Texas
10,189
102
$
961,165
10.5
%
Indiana
7,028
69
638,482
6.9
%
United Kingdom
5,882
113
632,086
6.9
%
California
4,332
51
564,338
6.1
%
Michigan
3,598
37
510,041
5.5
%
Florida
6,285
50
491,825
5.3
%
Ohio
4,086
42
455,241
5.0
%
Virginia
3,482
29
436,800
4.8
%
Pennsylvania
3,740
39
418,572
4.6
%
North Carolina
4,676
45
405,696
4.4
%
Remaining States
30,827
314
3,679,847
40.0
%
84,125
891
$
9,194,093
100.0
%
Item 3 – Legal Proceedings
See Note 20 – Commitments and Contingencies – Litigation 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.
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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.