LOANS RECEIVABLE AND OTHER INVESTMENTS (Tables)

6 Months Ended

Jun. 30, 2014

Loans Receivable and Other Investments [Abstract]

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

As of June 30, 2014, the Company’s loans receivable and other investments consisted of the following (dollars in thousands):

Investment	Quantity	Facility Type	Principal Balance as of June 30, 2014		Book Value as of June 30, 2014		Weighted Average Contractual Rate		Weighted Average Annualized Effective Rate		Maturity Date
Loans Receivable:
Mortgage	4	Skilled Nursing / Senior Housing / Acute Care Hospital	$	149,756	$	150,203	8.2	%	8.1	%	10/31/16 - 1/31/18
Construction	3	Acute Care Hospital / Memory Care	50,989		51,309		7.4	%	7.3	%	9/30/16 - 10/31/18
Mezzanine	1	Skilled Nursing	6,517		6,536		12.0	%	11.6	%	12/27/14
Pre-development	4	Senior Housing	2,709		2,818		9.0	%	8.0	%	8/16/15 - 5/8/17
	12		209,971		210,866		8.2	%	8.0	%
Other Investments:
Preferred Equity	5	Skilled Nursing / Senior Housing	14,711		14,921		14.2	%	14.1	%	NA
Total	17		$	224,682	$	225,787	8.6	%	8.4	%