LOANS RECEIVABLE AND OTHER INVESTMENTS

3 Months Ended

Mar. 31, 2015

Loans Receivable and Other Investments [Abstract]

LOANS RECEIVABLE AND OTHER INVESTMENTS

LOANS RECEIVABLE AND OTHER INVESTMENTS

As of March 31, 2015 and December 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, 2015		Book Value as of March 31, 2015		Book Value as of December 31, 2014		Weighted Average Contractual Interest Rate / Rate of Return		Weighted Average Annualized Effective Interest Rate / Rate of Return		Maturity Date
Loans Receivable:
Mortgage	5	Skilled Nursing / Senior Housing / Acute Care Hospital	$	148,937	$	149,295	$	144,383	8.3	%	8.2	%	10/13/15 - 1/31/18
Construction	3	Acute Care Hospital / Senior Housing	68,298		68,561		65,525		7.6	%	7.5	%	9/30/16 - 10/31/18
Mezzanine	2	Skilled Nursing / Senior Housing	19,819		19,879		21,491		11.3	%	11.1	%	6/27/15 - 8/31/17
Pre-development	4	Senior Housing	3,309		3,397		3,777		9.0	%	8.0	%	8/16/15 - 9/09/17
	14		240,363		241,132		235,176		8.4	%	8.2	%
Other Investments:
Preferred Equity	6	Skilled Nursing / Senior Housing	16,919		17,214		16,407		12.5	%	12.5	%	N/A
Total	20		$	257,282	$	258,346	$	251,583	8.7	%	8.5	%