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LOANS RECEIVABLE AND OTHER INVESTMENTS (Tables)
 9 Months Ended
Sep. 30, 2017
Loans Receivable and Other Investments [Abstract]  
Schedule of Loans Receivable and Other Investments
As of September 30, 2017 and December 31, 2016, the Company’s loans receivable and other investments consisted of the following (dollars in thousands):
Investment
 
Quantity as of September 30, 2017
 
Property Type
 
Principal Balance as of September 30, 2017 (1)
 
Book Value as of
September 30, 2017
 
Book Value as of
December 31, 2016
 
Weighted Average Contractual Interest Rate / Rate of Return as of September 30, 2017
 
Maturity Date as of September 30, 2017
Loans Receivable:
 
 
 
 
 
 
 
 
 
 
 
 
Mortgage
 
5

 
Skilled Nursing / Senior Housing
 
$
45,064

 
$
42,664

 
$
38,262

 
9.2
%
 
11/07/16- 02/10/27
Construction
 
2

 
Senior Housing
 
2,354

 
2,418

 
842

 
8.0
%
 
03/31/21- 05/31/22
Mezzanine
 
2

 
Senior Housing
 
34,640

 
28,391

 
9,656

 
10.3
%
 
02/28/18- 05/25/20
Pre-development
 
1

 
Senior Housing
 
2,357

 
2,357

 
4,023

 
9.0
%
 
04/01/20
Other
 
14

 
Multiple
 
44,926

 
27,859

 
—

 
8.6
%
 
10/28/17- 04/30/27
Debtor-in-possession
 
—

 
Acute Care Hospital
 
—

 
—

 
813

 
N/A

 
N/A
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
24

 
 
 
129,341

 
103,689

 
53,596

 
9.3
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loan loss reserve
 
 
 
—

 
(6,211
)
 
(2,750
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
$
129,341

 
$
97,478

 
$
50,846

 
 
 
 
Other Investments:
 
 
 
 
 
 
 
 
 
 
 
 
Preferred Equity
 
13

 
Skilled Nursing / Senior Housing
 
51,833

 
52,288

 
45,190

 
12.8
%
 
N/A
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total
 
37

 
 
 
$
181,174

 
$
149,766

 
$
96,036

 
10.3
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

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