LOANS RECEIVABLE AND OTHER INVESTMENTS (Tables)

12 Months Ended

Dec. 31, 2016

REAL ESTATE LOANS RECEIVABLE [Abstract]

Schedule of Loans Receivable and Other Investments

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

											December 31, 2016
Investment	Quantity as of December 31, 2016	Facility Type	Principal Balance as of December 31, 2016 (1)		Book Value as of December 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 Date as of December 31, 2016
Loans Receivable:
Mortgage	4	Skilled Nursing / Senior Housing	$	38,231	$	38,262		$	166,277		9.1	%	8.9	%	11/07/16 - 04/30/18
Construction	1	Senior Housing	795		842			75,201			8.0	%	7.7	%	03/31/21
Mezzanine	1	Senior Housing	9,640		9,656			15,613			11.0	%	10.8	%	08/31/17
Pre-development	3	Senior Housing	4,005		4,023			3,768			9.0	%	7.7	%	01/28/17 - 09/09/17
Debtor-in-possession	1	Acute Care Hospital	813		813			13,625			5.0	%	5.0	%	N/A
	10		53,484		53,596			274,484			9.3	%	9.1	%
Loan loss reserve			—		(2,750		)	(4,300		)
			53,484		50,846			270,184
Other Investments:
Preferred Equity	12	Skilled Nursing/Senior Housing	44,882		45,190			29,993			12.9	%	12.9	%	N/A
Total	22		$	98,366	$	96,036		$	300,177		10.9	%	10.8	%