Item 2. Properties
Item 2 – Properties
At December 31, 2024, 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.
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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, 2024:
Gross
% of
Number of
Number of
Investment
Gross
Location
Operating Beds
Facilities
(in thousands)
Investment
United Kingdom
12,829
244
$
1,426,940
14.1
%
Texas
10,429
101
926,014
9.2
%
Indiana
6,988
68
623,238
6.2
%
California
4,244
51
571,565
5.7
%
Michigan
3,947
40
543,779
5.4
%
Florida
6,398
53
532,161
5.3
%
Ohio
4,109
42
458,846
4.5
%
Virginia
3,466
27
428,163
4.2
%
Pennsylvania
3,805
40
424,630
4.2
%
North Carolina
4,660
45
410,421
4.1
%
Remaining States
31,409
315
3,763,996
37.1
%
92,284
1,026
$
10,109,753
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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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.