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LOANS RECEIVABLE AND OTHER INVESTMENTS (Tables)
 9 Months Ended
Sep. 30, 2013
Loans Receivable and Other Investments [Abstract]  
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]
As of September 30, 2013, the Company’s loans receivable consisted of the following (dollars in thousands):
Loan Type
 
Number of Loans
 
Facility Type
 
Principal Balance as of September 30, 2013
 
Book Value as of September 30, 2013
 
Weighted Average Contractual Interest Rate
 
Weighted Average Annualized Effective Interest Rate
 
Maturity Date
Mortgage
 
2

 
Skilled Nursing / Senior Housing
 
$
24,394

 
$
24,505

 
8.8
%
 
8.7
%
 
6/30/17 - 1/31/18
Mezzanine
 
1

 
Skilled Nursing
 
12,350

 
12,424

 
12.0
%
 
11.5
%
 
12/27/14
Pre-development
 
2

 
Senior Housing
 
1,338

 
1,362

 
9.0
%
 
9.0
%
 
8/16/15 - 9/13/16
Construction Mortgage
 
1

 
Acute Care Hospital
 
520

 
742

 
7.3
%
 
7.1
%
 
9/30/16
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
6

 
 
 
$
38,602

 
$
39,033

 
9.8
%
 
9.6
%