LOANS RECEIVABLE AND OTHER INVESTMENTS (Tables)

3 Months Ended

Mar. 31, 2015

Loans Receivable and Other Investments [Abstract]

Schedule of 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	%