XML 36 R25.htm IDEA: XBRL DOCUMENT v3.20.2
LOANS RECEIVABLE AND OTHER INVESTMENTS (Tables)
 9 Months Ended
Sep. 30, 2020
Receivables [Abstract]  
Loans Receivable and Other Investments
As of September 30, 2020 and December 31, 2019, the Company’s loans receivable and other investments consisted of the following (dollars in thousands):
September 30, 2020
InvestmentQuantity
as of
September 30,
2020		Property Type
Principal Balance
as of
September 30,
2020 (1)
Book Value
as of
September 30,
2020		Book Value
as of
December 31, 2019		Weighted Average Contractual Interest Rate / Rate of ReturnWeighted Average Annualized Effective Interest Rate / Rate of ReturnMaturity Date
as of
September 30,
2020
Loans Receivable:
Mortgage1 Specialty Hospital$19,000 $19,000 $19,000 10.0 %10.0 %01/31/27
Construction1 Senior Housing3,343 3,353 2,487 8.0 %7.8 %09/30/22
Other17 Multiple43,973 40,010 42,147 6.8 %6.9 %03/01/21- 08/31/28
19 66,316 62,363 63,634 7.8 %7.9 %
Allowance for loan losses— (1,287)(564)
$66,316 $61,076 $63,070 
Other Investments:
Preferred Equity6 Skilled Nursing / Senior Housing42,533 42,744 44,304 11.3 %11.3 %N/A
Total 25 $108,849 $103,820 $107,374 9.2 %9.3 %
(1)    Principal balance includes amounts funded and accrued but unpaid interest / preferred return and excludes capitalizable fees.
Changes in Accretable Yield of Loans with Deteriorated Credit Quality The following table presents changes in the accretable yield for the three and nine months ended September 30, 2020 and 2019 (in thousands):
Three Months Ended September 30,Nine Months Ended September 30,
2020201920202019
Accretable yield, beginning of period$24 $112 $39 $449 
Accretion recognized in earnings(7)(53)(22)(357)
Reduction due to payoff— — — (33)
Accretable yield, end of period$17 $59 $17 $59