LOANS RECEIVABLE AND OTHER INVESTMENTS (Tables)

12 Months Ended

Dec. 31, 2017

REAL ESTATE LOANS RECEIVABLE [Abstract]

Loans Receivable and Other Investments

As of December 31, 2017 and 2016, the Company’s loans receivable and other investments consisted of the following (dollars in thousands):

											December 31, 2017
Investment	Quantity as of December 31, 2017	Property Type	Principal Balance as of December 31, 2017 (1)		Book Value as of December 31, 2017			Book Value as of December 31, 2016			Weighted Average Contractual Interest Rate / Rate of Return		Weighted Average Annualized Effective Interest Rate / Rate of Return		Maturity Date as of December 31, 2017
Loans Receivable:
Mortgage	2	Skilled Nursing / Senior Housing	$	13,366	$	12,351		$	38,262		9.9	%	11.3	%	12/31/18- 01/31/27
Construction	2	Senior Housing	2,667		2,733			842			8.0	%	7.7	%	03/31/21- 05/31/22
Mezzanine	2	Senior Housing	32,468		10,239			9,656			10.2	%	19.2	%	02/28/18- 05/25/20
Pre-development	1	Senior Housing	2,357		2,357			4,023			9.0	%	8.4	%	04/01/20
Other	15	Multiple	40,422		38,324			—			8.8	%	10.1	%	2/28/18- 04/30/27
Debtor-in-possession	—	Acute Care Hospital	—		—			813			N/A		N/A		N/A
	22		91,280		66,004			53,596			9.4	%	11.6	%
Loan loss reserve			—		(97		)	(2,750		)
			$	91,280	$	65,907		$	50,846
Other Investments:
Preferred Equity	12	Skilled Nursing / Senior Housing	48,035		48,483			45,190			12.6	%	12.6	%	N/A
Total	34		$	139,315	$	114,390		$	96,036		10.5	%	12.0	%

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