LOANS RECEIVABLE AND OTHER INVESTMENTS (Tables)

6 Months Ended

Jun. 30, 2016

Loans Receivable and Other Investments [Abstract]

Schedule of Loans Receivable and Other Investments

As of June 30, 2016 and December 31, 2015, the Company’s loans receivable and other investments consisted of the following (dollars in thousands):

											June 30, 2016
Investment	Quantity	Facility Type	Principal Balance as of June 30, 2016 (1)		Book Value as of June 30, 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	6	Skilled Nursing / Senior Housing	$	54,211	$	54,282		$	166,277		9.1	%	8.9	%	8/12/16- 4/30/18
Construction	3	Senior Housing	15,339		15,444			75,201			9.9	%	9.8	%	10/31/18- 3/31/21
Mezzanine	1	Skilled Nursing / Senior Housing	9,640		9,666			15,613			11.0	%	10.8	%	08/31/17
Pre-development	3	Senior Housing	3,847		3,895			3,768			9.0	%	7.7	%	1/28/17 - 9/09/17
Debtor-in-possession	1	Acute Care Hospital	2,216		2,216			13,625			5.0	%	5.0	%	NA
	14		85,253		85,503			274,484			9.4	%	9.1	%
Loan loss reserve			—		(6,160		)	(4,300		)
			$	85,253	$	79,343		$	270,184
Other Investments:
Preferred Equity	11	Skilled Nursing / Senior Housing	40,599		40,957			29,993			12.9	%	12.9	%	N/A
Total	25		$	125,852	$	120,300		$	300,177		10.5	%	10.3	%

⁽¹⁾ Principal balance includes amounts funded and accrued but unpaid interest / preferred return and excludes capitalizable fees.