REAL ESTATE LOANS RECEIVABLE (Tables)

12 Months Ended

Dec. 31, 2013

REAL ESTATE LOANS RECEIVABLE [Abstract]

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

As of December 31, 2013, 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, 2013		Book Value as of December 31, 2013		Weighted Average Contractual Interest Rate		Weighted Average Annualized Effective Interest Rate		Maturity Date
Mortgage	4	Skilled Nursing / Senior Housing / Acute Care Hospital	$	148,925	$	149,450	8.2	%	8.1	%	10/31/16 - 1/31/18
Construction	3	Acute Care Hospital / Memory Care	13,945		14,283		7.7	%	7.6	%	9/30/16 - 10/31/18
Mezzanine	1	Skilled Nursing	12,350		12,410		12.0	%	11.5	%	12/27/14
Pre-development	2	Senior Housing	1,338		1,366		9.0	%	8.4	%	8/16/15 - 9/13/16
	10		$	176,558	$	177,509	8.4	%	8.3	%