JAN

The company generates revenue by leasing its properties to experienced operators under specific management agreements known as RIDEA structures. Under these arrangements, the operators manage the day-to-day services for residents, who primarily pay for these services directly. This model provides the company with operating income that is largely insulated from governmental reimbursement programs. As of the end of 2025, its portfolio consisted of 34 communities containing over 10,000 units.

These senior housing properties are located in major retirement markets across ten states. A significant concentration, approximately 69% of its total units as of late 2025, is in the states of Florida and Texas. The company's strategy is centered on this specialized sector of residential real estate, deriving its cash flow from the private-pay senior housing market operated through its RIDEA-structured partnerships.