LOANS RECEIVABLE AND OTHER INVESTMENTS (Tables)

12 Months Ended

Dec. 31, 2018

As of December 31, 2018 and 2017, the Company’s loans receivable and other investments consisted of the following (dollars in thousands):



											December 31, 2018
Investment	Quantity as of December 31, 2018	Property Type	Principal Balance as of December 31, 2018 ⁽¹⁾		Book Value as of December 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 December 31, 2018
Loans Receivable:
Mortgage	1	Specialty Hospital	$	18,577	$	18,577		$	12,351		10.0	%	10.0	%	01/31/27
Construction	2	Senior Housing	4,569		4,629			2,733			8.0	%	7.7	%	04/30/21- 09/30/22
Mezzanine	1	Skilled Nursing	23,952		2,188			10,239			10.0	%	41.9	%	05/25/20
Pre-development	—	Senior Housing	—		—			2,357			N/A		N/A		N/A
Other	18	Multiple	49,394		45,324			38,324			7.3	%	8.1	%	02/28/19- 08/31/28
	22		96,492		70,718			66,004			8.5	%	9.7	%

Loan loss reserve			—		(1,258		)	(97		)
			$	96,492	$	69,460		$	65,907
Other Investments:
Preferred Equity	9	Skilled Nursing / Senior Housing	43,851		44,262			48,483			12.1	%	12.1	%	N/A
Total	31		$	140,343	$	113,722		$	114,390		9.6	%	10.6	%


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

The following table presents changes in the accretable yield for the years ended December 31, 2018 and 2017 (in thousands):



	Year Ended December 31,
	2018			2017
Accretable yield, beginning of period	$	2,483		$	—
Additions	—			3,481
Accretion recognized in earnings	(2,761		)	(998		)
Net reclassification from nonaccretable difference	727			—
Accretable yield, end of period	$	449		$	2,483