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LOANS RECEIVABLE AND OTHER INVESTMENTS (Tables)
 9 Months Ended
Sep. 30, 2016
Loans Receivable and Other Investments [Abstract]  
Schedule of Loans Receivable and Other Investments
As of September 30, 2016 and December 31, 2015, the Company’s loans receivable and other investments consisted of the following (dollars in thousands):
 
 
 
 
 
 
 
 
 
 
 
 
September 30, 2016
 
 
Investment
 
Quantity
 
Facility Type
 
Principal Balance as of September 30, 2016 (1)
 
Book Value as of
September 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
 
5

 
Skilled Nursing / Senior Housing
 
$
38,492

 
$
38,534

 
$
166,277

 
9.1
%
 
8.9
%
 
11/07/16- 3/31/21
Construction
 
1

 
Senior Housing
 
590

 
637

 
75,201

 
8.0
%
 
7.7
%
 
3/31/21
Mezzanine
 
1

 
Senior Housing
 
9,640

 
9,660

 
15,613

 
11.0
%
 
10.8
%
 
08/31/17
Pre-development
 
3

 
Senior Housing
 
3,926

 
3,959

 
3,768

 
9.0
%
 
7.6
%
 
1/28/17 - 9/09/17
Debtor-in-possession
 
1

 
Acute Care Hospital
 
1,823

 
1,823

 
13,625

 
5.0
%
 
5.0
%
 
NA
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
11

 
 
 
54,471

 
54,613

 
274,484

 
9.3
%
 
9.1
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loan loss reserve
 
 
 
—

 
(3,120
)
 
(4,300
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
$
54,471

 
$
51,493

 
$
270,184

 
 
 
 
 
 
Other Investments:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Preferred Equity
 
11

 
Skilled Nursing / Senior Housing
 
42,594

 
42,973

 
29,993

 
12.9
%
 
12.9
%
 
N/A
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total
 
22

 
 
 
$
97,065

 
$
94,466

 
$
300,177

 
10.9
%
 
10.8
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

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