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LOANS RECEIVABLE AND OTHER INVESTMENTS (Tables)
 3 Months Ended
Mar. 31, 2022
Receivables [Abstract]  
Schedule of Loans Receivable and Other Investments
As of March 31, 2022 and December 31, 2021, the Company’s loans receivable and other investments consisted of the following (dollars in thousands):
As of March 31, 2022
InvestmentQuantity
as of
March 31,
2022		Property Type
Principal Balance
as of
March 31,
2022 (1)
Book Value
as of
March 31,
2022		Book Value
as of
December 31, 2021		Weighted Average Contractual Interest Rate / Rate of ReturnWeighted Average Annualized Effective Interest Rate / Rate of ReturnMaturity Date
as of
March 31,
2022
Loans Receivable:
Mortgage2 Behavioral Health$309,000 $309,000 $309,000 7.7 %7.7 %11/01/26 - 01/31/27
Construction1 Senior Housing3,343 3,345 3,347 8.0 %7.8 %09/30/22
Other13 Multiple39,120 35,330 36,028 6.8 %6.1 %04/01/22 - 08/31/28
16 351,463 347,675 348,375 7.6 %7.5 %
Allowance for loan losses— (6,851)(6,344)
$351,463 $340,824 $342,031 
Other Investments:
Preferred Equity7 Skilled Nursing / Senior Housing56,034 56,250 57,055 11.0 %10.9 %N/A
Total 23 $407,497 $397,074 $399,086 8.0 %8.0 %
(1)    Principal balance includes amounts funded and accrued but unpaid interest / preferred return and excludes capitalizable fees.