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Schedule IV - Mortgage Loans On Real Estate Assets
 12 Months Ended
Dec. 31, 2013
Mortgage Loans on Real Estate [Abstract]  
SCHEDULE IV - MORTGAGE LOANS ON REAL ESTATE ASSETS
SCHEDULE IV - MORTGAGE LOANS ON REAL ESTATE ASSETS

The following is a summary of our mortgage loans receivable as of December 31, 2013 (in thousands):
Description
 
Interest Rate
 
Maturity Date
 
Periodic
Payment
Terms
 
Prior Liens
 
Face Amount
of Mortgages
 
Carrying
Amount of
Mortgages
 
Principal Amount of Loans Subject to Delinquent Principal or Interest
Note receivable secured by medical office building in Illinois
 
10.95
%
 
6/25/2014
 
(1)
 
(3)
 
$
7,500

 
$
7,500

 
(4)
Note receivable secured by medical office building in Illinois
 
10.95

 
6/25/2014
 
(1)
 
(3)
 
7,500

 
7,500

 
(4)
Note receivable secured by medical office building in Arizona
 
10.85

 
6/25/2014
 
(1)
 
(3)
 
3,750

 
3,750

 
(4)
Note receivable secured by medical office building in Arizona
 
10.85

 
6/25/2014
 
(1)
 
(3)
 
1,250

 
1,250

 
(4)
Note receivable secured by medical office building in Florida
 
7.00

 
10/1/2016
 
(2)
 
(3)
 
4,262

 
4,262

 
(4)
Note receivable secured by medical office building in Florida
 
7.00

 
10/1/2016
 
(2)
 
(3)
 
4,258

 
4,258

 
(4)
 
 
 

 
 
 
 
 
 
 
$
28,520

 
$
28,520

 
 
_______________________________________
(1)
Interest due monthly, with principal due on maturity.
(2)
Interest of 6% due monthly and borrower must pay $0.3 million of the principal on November 1, 2014. The remaining principal and the interest that is not paid monthly is due on maturity.
(3)
There are no prior liens on any of the mortgage loans.
(4)
No mortgage loans are delinquent with respect to principal or interest.
The following shows changes in the carrying amounts of mortgage loans on real estate assets during the years ended December 31, 2013, 2012 and 2011 (in thousands):
 
Year Ended December 31,
 
2013
 
2012
 
2011
Balance as of the beginning of the year
$
20,000

 
$
57,459

 
$
57,091

Additions:
 
 
 
 
 
New mortgage loans
8,520

 
—

 
—

Amortization of discount and capitalized loan costs, net
—

 
—

 
368

Deductions:
 
 
 
 
 
Mortgage loan included in the consideration for the acquisition of a building
—

 
(37,264
)
 
—

Write-off of capitalized closing costs
—

 
(195
)
 
—

Balance as of the end of the year
$
28,520

 
$
20,000

 
$
57,459