REAL ESTATE LOANS RECEIVABLE (Tables)

12 Months Ended

Dec. 31, 2014

REAL ESTATE LOANS RECEIVABLE [Abstract]

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

As of December 31, 2014 and 2013, the Company’s loans receivable and other investments consisted of the following (dollars in thousands):

Investment	Quantity	Facility Type	Principal Balance as of December 31, 2014		Book Value as of December 31, 2014		Book Value as of December 31, 2013		Weighted Average Contractual Interest Rate / Rate of Return		Weighted Average Annualized Effective Interest Rate / Rate of Return		Maturity Date
Loans Receivable:
Mortgage	4	Skilled Nursing / Senior Housing / Acute Care Hospital	$	144,033	$	144,383	$	149,450	8.3	%	8.2	%	10/13/15 - 1/31/18
Construction	3	Acute Care Hospital / Senior Housing	65,242		65,525		14,283		7.5	%	7.4	%	9/30/16 - 10/31/18
Mezzanine	2	Skilled Nursing / Senior Housing	21,432		21,491		12,410		11.3	%	11.1	%	6/27/15 - 8/31/17
Pre-development	5	Senior Housing	3,652		3,777		1,366		9.0	%	7.8	%	8/16/15 - 9/09/17
	14		234,359		235,176		177,509		8.3	%	8.2	%
Other Investments:
Preferred Equity	6	Skilled Nursing/Senior Housing	16,125		16,407		7,784		12.5	%	12.4	%	N/A
Total	20		$	250,484	$	251,583	$	185,293	8.6	%	8.5	%