LOANS RECEIVABLE AND OTHER INVESTMENTS (Tables)

3 Months Ended

Mar. 31, 2016

Loans Receivable and Other Investments [Abstract]

Schedule of Loans Receivable and Other Investments

As of March 31, 2016 and December 31, 2015, the Company’s loans receivable and other investments consisted of the following (dollars in thousands):

Investment	Quantity	Facility Type	Principal Balance / Amount Funded as of March 31, 2016		Book Value as of March 31, 2016			Book Value as of December 31, 2015			Weighted Average Contractual Interest Rate / Rate of Return		Weighted Average Annualized Effective Interest Rate / Rate of Return		Maturity Dates
Loans Receivable:
Mortgage	8	Skilled Nursing / Senior Housing / Acute Care Hospital	$	166,610	$	166,795		$	166,277		8.4	%	8.2	%	6/30/16- 4/30/18
Construction	4	Acute Care Hospital / Senior Housing	75,380		75,526			75,201			14.0	%	13.9	%	9/30/16 - 3/31/21
Mezzanine	1	Skilled Nursing / Senior Housing	9,640		9,672			15,613			11.0	%	10.8	%	08/31/17
Pre-development	3	Senior Housing	3,767		3,839			3,768			9.0	%	7.7	%	1/28/17 - 9/09/17
Debtor-in-possession	1	Acute Care Hospital	16,418		16,418			13,625			5.0	%	5.0	%	NA
	17		271,815		272,250			274,484			9.8	%	9.7	%
Loan loss reserve			—		(6,700		)	(4,300		)
			$	271,815	$	265,550		$	270,184
Other Investments:
Preferred Equity	10	Skilled Nursing / Senior Housing	31,608		31,958			29,993			13.1	%	13.1	%	N/A
Total	27		$	303,423	$	297,508		$	300,177		10.1	%	10.1	%