LOANS RECEIVABLE AND OTHER INVESTMENTS (Tables)

6 Months Ended

Jun. 30, 2015

Loans Receivable and Other Investments [Abstract]

Schedule of Loans Receivable and Other Investments

As of June 30, 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 June 30, 2015		Book Value as of June 30, 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	6	Skilled Nursing / Senior Housing / Acute Care Hospital	$	161,934	$	162,258	$	144,383	8.4	%	8.2	%	10/13/15 - 4/30/18
Construction	3	Acute Care Hospital / Senior Housing	70,910		71,170		65,525		7.7	%	7.6	%	9/30/16 - 10/31/18
Mezzanine	2	Skilled Nursing / Senior Housing	19,819		19,867		21,491		11.3	%	11.1	%	9/30/15 - 8/31/17
Pre-development	3	Senior Housing	2,454		2,541		3,777		9.0	%	7.5	%	1/28/17 - 9/09/17
	14		255,117		255,836		235,176		8.4	%	8.3	%
Other Investments:
Preferred Equity	8	Skilled Nursing / Senior Housing	22,332		22,671		16,407		13.0	%	13.0	%	N/A
Total	22		$	277,449	$	278,507	$	251,583	8.8	%	8.7	%