LOANS RECEIVABLE AND OTHER INVESTMENTS (Tables)

12 Months Ended

Dec. 31, 2023

Receivables [Abstract]

Schedule of Loans Receivable and Other Investments

As of December 31, 2023 and 2022, the Company’s loans receivable and other investments consisted of the following (dollars in thousands):

									As of December 31, 2023
Investment	Quantity as of December 31, 2023	Property Type	Principal Balance as of December 31, 2023 (1)		Book Value as of December 31, 2023		Book Value as of December 31, 2022		Weighted Average Contractual Interest Rate / Rate of Return		Weighted Average Annualized Effective Interest Rate / Rate of Return		Maturity Date as of December 31, 2023
Loans Receivable:
Mortgage	2	Behavioral Health	$	319,000	$	319,000	$	319,000	7.6	%	7.6	%	11/01/26 - 01/31/27
Other	12	Multiple	53,873		50,440		47,936		7.7	%	7.4	%	10/01/23 - 05/01/29
	14		372,873		369,440		366,936		7.7	%	7.6	%
Allowance for loan losses			—		(6,665)		(6,611)
			$	372,873	$	362,775	$	360,325
Other Investments:
Preferred Equity	5	Skilled Nursing / Senior Housing	57,681		57,849		51,071		11.0	%	11.0	%	N/A
Total	19		$	430,554	$	420,624	$	411,396	8.1	%	8.1	%

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

Schedule of Additional Information Regarding the Company's Loans Receivable

Additional information regarding the Company’s loans receivable is as follows (dollars in thousands):

	Year Ended December 31,
	2023		2022		2021
Allowance for loan losses:
Balance at the beginning of the year	$	6,611	$	6,344	$	2,458
Provision for loan losses	192		267		3,886
Write-off of uncollectible balances	(138)		—		—
Balance at the end of the year	$	6,665	$	6,611	$	6,344
	As of December 31,
	2023		2022
Deteriorated credit quality:
Number of loans receivable investments	1		1
Principal balance	$	1,214	$	1,214
Book value	—		—
Nonaccrual status:
Number of loans receivable investments	3		3
Book value	$	—	$	—