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LOANS RECEIVABLE AND OTHER INVESTMENTS (Tables)
 9 Months Ended
Sep. 30, 2022
Receivables [Abstract]  
Schedule of Loans Receivable and Other Investments
As of September 30, 2022 and December 31, 2021, the Company’s loans receivable and other investments consisted of the following (dollars in thousands):
As of September 30, 2022
Investment
Quantity
as of
September 30, 2022
Property Type
Principal Balance
as of
September 30, 2022 (1)
Book Value
as of
September 30, 2022
Book Value
as of December 31, 2021
Weighted Average Contractual Interest Rate / Rate of ReturnWeighted Average Annualized Effective Interest Rate / Rate of Return
Maturity Date
as of
September 30, 2022
Loans Receivable:
Mortgage2 Behavioral Health$309,000 $309,000 $309,000 7.7 %7.7 %11/01/26 - 01/31/27
Construction— —— — 3,347 — — —
Other13 Multiple42,774 38,960 36,028 6.9 %6.2 %11/30/22 - 08/31/28
15 351,774 347,960 348,375 7.6 %7.5 %
Allowance for loan losses— (6,427)(6,344)
$351,774 $341,533 $342,031 
Other Investments:
Preferred Equity7 Skilled Nursing / Senior Housing48,575 48,742 57,055 10.8 %10.7 %N/A
Total 22 $400,349 $390,275 $399,086 8.0 %7.9 %
(1)    Principal balance includes amounts funded and accrued but unpaid interest / preferred return and excludes capitalizable fees.