Item 2. Properties

As of December 31, 2024, we owned or had investments in 1,387 properties consisting of 1,356 properties in our SHOP, OM&R and NNN segments and 31 properties held by unconsolidated real estate entities in our non-segment operations. See “Note 7 – Investments in Unconsolidated Entities.”

The following table provides additional information regarding the geographic diversification of our Segment Properties as of December 31, 2024:


	Senior Housing Communities		SNFs		Outpatient Medical Buildings		Research Centers		IRFs and LTACs		Other Healthcare Facilities
Geographic Location	# of Properties	Units	# of Properties	Licensed Beds	# of Properties	Square Feet (1)	# of Properties	Square Feet (1)	# of Properties	Licensed Beds	# of Properties	Licensed Beds
Alabama	1	154	—	—	6	617	—	—	—	—	—	—
Arkansas	5	414	—	—	1	10	—	—	—	—	—	—
Arizona	29	2,572	—	—	14	893	—	—	1	60	—	—
California	78	8,864	—	—	29	2,256	—	—	8	667	—	—
Colorado	22	2,061	1	82	17	877	—	—	1	81	—	—
Connecticut	12	1,560	—	—	—	—	—	—	—	—	—	—
Delaware	2	109	—	—	—	—	—	—	—	—	—	—
District of Columbia	—	—	—	—	2	103	—	—	—	—	—	—
Florida	45	4,073	—	—	14	343	1	252	7	563	—	—
Georgia	15	1,447	—	—	18	1,275	—	—	1	42	—	—
Hawaii	1	123	—	—	1	23	—	—	—	—	—	—
Iowa	2	215	—	—	—	—	—	—	—	—	—	—
Idaho	1	70	—	—	1	76	—	—	—	—	—	—
Illinois	33	3,643	1	82	40	1,728	1	129	4	427	—	—
Indiana	9	752	—	—	41	2,287	—	—	1	59	—	—
Kansas	12	941	—	—	2	115	—	—	—	—	—	—
Kentucky	10	1,056	—	—	2	73	—	—	1	384	—	—
Louisiana	3	281	—	—	8	456	—	—	1	32	—	—
Massachusetts	18	2,173	2	181	—	—	—	—	—	—	—	—
Maryland	4	282	—	—	2	83	3	320	—	—	—	—
Maine	8	895	—	—	—	—	—	—	—	—	—	—
Michigan	23	1,675	—	—	16	726	—	—	—	—	—	—
Minnesota	14	856	—	—	3	159	—	—	—	—	—	—
Missouri	5	474	—	—	19	1,117	5	810	4	159	—	—
Mississippi	1	94	—	—	1	51	—	—	—	—	—	—
Montana	5	464	—	—	—	—	—	—	—	—	—	—
North Carolina	36	3,048	—	—	15	676	9	1,144	1	124	—	—
North Dakota	2	115	—	—	1	114	—	—	—	—	—	—
Nebraska	2	251	—	—	—	—	—	—	—	—	—	—
New Hampshire	2	242	—	—	—	—	—	—	—	—	—	—
New Jersey	14	1,310	1	153	3	37	—	—	—	—	—	—
New Mexico	4	451	—	—	3	53	—	—	2	123	4	555
Nevada	7	780	—	—	4	329	—	—	2	130	—	—
New York	41	4,501	—	—	4	244	—	—	—	—	—	—
Ohio	30	2,701	—	—	16	591	—	—	1	50	—	—
Oklahoma	9	694	—	—	1	80	—	—	1	41	4	958
Oregon	36	3,261	6	360	1	105	—	—	—	—	—	—
Pennsylvania	32	2,520	12	2,526	8	614	6	1,119	1	52	—	—
Rhode Island	4	399	—	—	—	—	3	444	—	—	—	—
South Carolina	6	539	—	—	22	1,188	—	—	—	—	—	—
South Dakota	5	295	—	—	—	—	—	—	—	—	—	—
Tennessee	17	1,355	—	—	5	250	—	—	1	49	—	—
Texas	59	5,392	—	—	47	2,084	—	—	9	627	2	445
Utah	6	661	—	—	—	—	—	—	1	41	—	—
Virginia	11	1,029	—	—	5	234	1	262	—	—	—	—
Washington	20	2,114	7	636	10	584	—	—	—	—	—	—
Wisconsin	35	2,236	—	—	15	745	—	—	—	—	—	—
West Virginia	2	122	4	326	—	—	—	—	—	—	—	—
Wyoming	2	169	—	—	—	—	—	—	—	—	—	—
Total U.S.	740	69,433	34	4,346	397	21,192	29	4,480	48	3,711	10	1,958
Canada	84	16,185	—	—	—	—	—	—	—	—	—	—
United Kingdom	11	723	—	—	—	—	—	—	—	—	3	121
Total	835	86,341	34	4,346	397	21,192	29	4,480	48	3,711	13	2,079

(1)Square Feet are in thousands. Totals may not foot due to rounding.

Corporate Offices

Our headquarters are located in Chicago, Illinois and we have additional corporate offices in Louisville, Kentucky and New York, New York. We lease all of our corporate offices.

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