LOANS RECEIVABLE AND OTHER INVESTMENTS (Tables)

12 Months Ended

Dec. 31, 2019

As of December 31, 2019 and 2018, the Company’s loans receivable and other investments consisted of the following (dollars in thousands):



											December 31, 2019
Investment	Quantity as of December 31, 2019	Property Type	Principal Balance as of December 31, 2019 ⁽¹⁾		Book Value as of December 31, 2019			Book Value as of December 31, 2018			Weighted Average Contractual Interest Rate / Rate of Return		Weighted Average Annualized Effective Interest Rate / Rate of Return		Maturity Date as of December 31, 2019
Loans Receivable:
Mortgage	1	Specialty Hospital	$	19,000	$	19,000		$	18,577		10.0	%	10.0	%	01/31/27
Construction	1	Senior Housing	2,468		2,487			4,629			8.0	%	7.8	%	09/30/22
Mezzanine	—	Skilled Nursing	—		—			2,188			N/A		N/A		N/A
Other	16	Multiple	46,059		42,147			45,324			6.8	%	7.0	%	09/23/19- 08/31/28
	18		67,527		63,634			70,718			7.8	%	7.9	%

Loan loss reserve			—		(564		)	(1,258		)
			$	67,527	$	63,070		$	69,460
Other Investments:
Preferred Equity	9	Skilled Nursing / Senior Housing	43,893		44,304			44,262			12.0	%	12.0	%	N/A
Total	27		$	111,420	$	107,374		$	113,722		9.4	%	9.6	%

⁽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, 2019 and 2018 (in thousands):



	Year Ended December 31,
	2019			2018
Accretable yield, beginning of period	$	449		$	2,483
Accretion recognized in earnings	(377		)	(2,761		)
Reduction due to payoff	(33		)	—
Net reclassification from nonaccretable difference	—			727
Accretable yield, end of period	$	39		$	449