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LOANS RECEIVABLE AND OTHER INVESTMENTS (Tables)
 9 Months Ended
Sep. 30, 2024
Receivables [Abstract]  
Schedule of Loans Receivable and Other Investments
As of September 30, 2024 and December 31, 2023, the Company’s loans receivable and other investments consisted of the following (dollars in thousands):
As of September 30, 2024
Investment
Quantity
as of
September 30, 2024
Property Type
Principal Balance
as of
September 30, 2024 (1)
Book Value
as of
September 30, 2024
Book Value
as of December 31, 2023
Weighted Average Contractual Interest Rate / Rate of ReturnWeighted Average Annualized Effective Interest Rate / Rate of Return
Maturity Date
as of
September 30, 2024
Loans Receivable:
Mortgage3 Behavioral Health /
Skilled Nursing		$335,600 $335,600 $319,000 7.7 %7.7 %11/01/26 - 06/01/29
Other11 Multiple56,085 52,636 50,440 7.9 %7.6 %12/31/23 - 08/31/33
14 391,685 388,236 369,440 7.8 %7.7 %
Allowance for loan losses— (6,219)(6,665)
$391,685 $382,017 $362,775 
Other Investments:
Preferred Equity5 Skilled Nursing / Senior Housing59,611 59,808 57,849 10.9 %10.9 %N/A
Total 19 $451,296 $441,825 $420,624 8.2 %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):
Nine Months Ended September 30,
20242023
Allowance for loan losses:
Balance at beginning of the period$6,665 $6,611 
(Recovery of) provision for loan losses(446)549 
Write-off of uncollectible balances— (483)
Balance at end of the period$6,219 $6,677 
September 30, 2024December 31, 2023
Deteriorated credit quality:
Number of loans receivable investments1 1 
Principal balance$1,214 $1,214 
Book value— — 
Nonaccrual status:
Number of loans receivable investments3 3 
Book value$— $—