LOANS RECEIVABLE AND OTHER INVESTMENTS (Tables)

3 Months Ended

Mar. 31, 2014

Loans Receivable and Other Investments [Abstract]

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

As of March 31, 2014, the Company’s loans receivable and other investments consisted of the following (dollars in thousands):

Investment	Quantity	Facility Type	Principal Balance as of March 31, 2014		Book Value as of March 31, 2014		Weighted Average Contractual Rate		Weighted Average Annualized Effective Rate		Maturity Date
Loans Receivable:
Mortgage	4	Skilled Nursing / Senior Housing / Acute Care Hospital	$	149,161	$	149,648	8.2	%	8.1	%	10/31/16 - 1/31/18
Construction	3	Acute Care Hospital / Memory Care	33,044		33,375		7.5	%	7.4	%	9/30/16 - 10/31/18
Mezzanine	1	Skilled Nursing	6,517		6,541		12.0	%	11.6	%	12/27/14
Pre-development	3	Senior Housing	1,884		1,965		9.0	%	7.8	%	8/16/15 - 1/28/17
	11		190,606		191,529		8.2	%	8.1	%
Other Investments:
Preferred Equity	2	Skilled Nursing / Memory Care	7,979		8,074		15.0	%	15.0	%	NA
Total	13		$	198,585	$	199,603	8.5	%	8.4	%