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LOANS RECEIVABLE AND OTHER INVESTMENTS (Tables)
 3 Months Ended
Mar. 31, 2018
Receivables [Abstract]  
Loans Receivable and Other Investments
As of March 31, 2018 and December 31, 2017, the Company’s loans receivable and other investments consisted of the following (dollars in thousands):
 
 
 
 
 
 
 
 
 
 
 
 
March 31, 2018
 
 
Investment
 
Quantity
as of
March 31, 2018
 
Property Type
 
Principal Balance
as of
March 31,
2018 (1)
 
Book Value
as of
March 31, 2018
 
Book Value
as of
December 31, 2017
 
Weighted Average Contractual Interest Rate / Rate of Return
 
Weighted Average Annualized Effective Interest Rate / Rate of Return
 
Maturity Date
as of
March 31, 2018
Loans Receivable:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Mortgage
 
2

 
Skilled Nursing / Senior Housing
 
$
18,028

 
$
17,032

 
$
12,351

 
9.9
%
 
11.0
%
 
12/31/18- 02/10/27
Construction
 
2

 
Senior Housing
 
3,047

 
3,114

 
2,733

 
8.0
%
 
7.7
%
 
03/31/21- 05/31/22
Mezzanine
 
1

 
Skilled Nursing
 
25,000

 
2,548

 
10,239

 
10.0
%
 
41.9
%
 
05/25/20
Pre-development
 
1

 
Senior Housing
 
2,357

 
2,357

 
2,357

 
9.0
%
 
8.4
%
 
04/01/20
Other
 
15

 
Multiple
 
27,780

 
25,789

 
38,324

 
8.7
%
 
10.6
%
 
12/31/17- 04/30/27
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
21

 
 
 
76,212

 
50,840

 
66,004

 
9.4
%
 
12.0
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loan loss reserve
 
 
 
—

 
(200
)
 
(97
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
$
76,212

 
$
50,640

 
$
65,907

 
 
 
 
 
 
Other Investments:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Preferred Equity
 
13

 
Skilled Nursing / Senior Housing
 
49,782

 
50,248

 
48,483

 
12.6
%
 
12.6
%
 
N/A
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total
 
34

 
 
 
$
125,994

 
$
100,888

 
$
114,390

 
10.7
%
 
12.3
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

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