LOANS RECEIVABLE AND OTHER INVESTMENTS (Tables)

9 Months Ended

Sep. 30, 2015

Loans Receivable and Other Investments [Abstract]

Schedule of Loans Receivable and Other Investments

As of September 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 September 30, 2015		Book Value as of September 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	7	Skilled Nursing / Senior Housing / Acute Care Hospital	$	162,794	$	163,089	$	144,383	8.4	%	8.6	%	1/11/16 - 4/30/18
Construction	3	Acute Care Hospital / Senior Housing	74,189		74,409		65,525		7.7	%	7.6	%	9/30/16 - 10/31/18
Mezzanine	2	Skilled Nursing / Senior Housing	18,586		18,629		21,491		11.3	%	11.1	%	1/1/16 - 8/31/17
Pre-development	3	Senior Housing	3,606		3,699		3,777		9.0	%	7.7	%	1/28/17 - 9/09/17
	15		259,175		259,826		235,176		8.4	%	8.5	%
Other Investments:
Preferred Equity	10	Skilled Nursing / Senior Housing	27,284		27,622		16,407		13.0	%	13.0	%	N/A
Total	25		$	286,459	$	287,448	$	251,583	8.8	%	8.9	%