Brookdale Senior Living Inc
For the period ended Dec 31, 2023. Filed Feb 21, 2024.
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FY2023 · Filed Feb 21, 2024
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Item 2. Properties
Communities
As of December 31, 2023, we operated and managed 652 communities across 41 states, with the capacity to serve approximately 59,000 residents. As of December 31, 2023, we owned 345 communities, leased 277 communities, and managed 30 communities on behalf of others. As of December 31, 2023, 86% of our owned communities are subject to mortgages. The following table sets forth certain information regarding our owned, leased, and managed communities as of December 31, 2023, or, for occupancy, represents the weighted average occupancy for the month of December 2023.
| Number of Communities | |||||
|---|---|---|---|---|---|
| State | Units | Owned | Leased | Managed | Total |
| Texas | 7,834 | 55 | 19 | 11 | 85 |
| Florida | 5,907 | 43 | 25 | — | 68 |
| California | 5,021 | 27 | 15 | — | 42 |
| Colorado | 3,368 | 13 | 11 | 5 | 29 |
| North Carolina | 3,192 | 7 | 45 | — | 52 |
| Ohio | 2,887 | 15 | 14 | 6 | 35 |
| Illinois | 2,818 | 3 | 9 | 1 | 13 |
| Washington | 2,705 | 13 | 18 | — | 31 |
| Arizona | 2,054 | 17 | 9 | — | 26 |
| Michigan | 1,678 | 9 | 22 | — | 31 |
| New York | 1,658 | 11 | 9 | 2 | 22 |
| Tennessee | 1,519 | 16 | 6 | 1 | 23 |
| Oregon | 1,499 | 11 | 11 | — | 22 |
| Kansas | 1,119 | 8 | 10 | — | 18 |
| New Jersey | 1,024 | 7 | 5 | — | 12 |
| Virginia | 964 | 7 | 3 | — | 10 |
| Massachusetts | 900 | 3 | 3 | — | 6 |
| Pennsylvania | 766 | 7 | 3 | — | 10 |
| Alabama | 760 | 4 | — | — | 4 |
| Georgia | 656 | 8 | — | — | 8 |
| Louisiana | 606 | 6 | — | 1 | 7 |
| Connecticut | 590 | 2 | 3 | — | 5 |
| Idaho | 548 | 6 | 1 | — | 7 |
| Minnesota | 538 | — | 12 | — | 12 |
| Wisconsin | 485 | 5 | 7 | — | 12 |
| Missouri | 479 | 2 | — | 1 | 3 |
| Oklahoma | 469 | 3 | 9 | — | 12 |
| South Carolina | 439 | 4 | 3 | 1 | 8 |
| New Mexico | 414 | 2 | 1 | — | 3 |
| Rhode Island | 396 | 3 | — | — | 3 |
| Mississippi | 386 | 5 | — | — | 5 |
| Indiana | 373 | 4 | 4 | — | 8 |
| Maryland | 359 | 3 | — | 1 | 4 |
| Arkansas | 332 | 4 | — | — | 4 |
| Nevada | 257 | 4 | — | — | 4 |
| Kentucky | 163 | 2 | — | — | 2 |
| Delaware | 105 | 2 | — | — | 2 |
| Vermont | 101 | 1 | — | — | 1 |
| West Virginia | 93 | 1 | — | — | 1 |
| New Hampshire | 90 | 1 | — | — | 1 |
| Montana | 76 | 1 | — | — | 1 |
| Total | 55,628 | 345 | 277 | 30 | 652 |
| December 2023 occupancy rate (weighted average) | 77.5% | 79.6% | 76.2% | 78.1% | |
Community Support Centers
Our main community support centers are leased, including our 98,656 square foot support center in Brentwood, Tennessee and our 156,016 square foot support center in Milwaukee, Wisconsin. Our lease in Milwaukee, Wisconsin expires in 2024, and we have entered into a new lease for a 5,391 square foot support center in Milwaukee, Wisconsin.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.