REAL ESTATE LOANS RECEIVABLE (Tables)

12 Months Ended

Dec. 31, 2012

REAL ESTATE LOANS RECEIVABLE [Abstract]

Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]

As of December 31, 2012, the Company’s loans receivable consisted of the following (dollars in thousands):

Loan Type	Number of Loans	Facility Type	Principal Balance as of December 31, 2012	Book Value as of December 31, 2012	Contractual Interest Rate		Annualized Effective Interest Rate		Maturity Date
Mortgage	2	Skilled Nursing / Assisted Living	11,965	12,017	8.5	%	8.4	%	Various