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LOANS RECEIVABLE AND OTHER INVESTMENTS (Tables)
 3 Months Ended
Mar. 31, 2025
Receivables [Abstract]  
Schedule of Loans Receivable and Other Investments
As of March 31, 2025 and December 31, 2024, the Company’s loans receivable and other investments consisted of the following (dollars in thousands):
As of March 31, 2025
Investment
Quantity
as of
March 31, 2025
Property Type
Principal Balance
as of
March 31, 2025 (1)
Book Value
as of
March 31, 2025
Book Value
as of December 31, 2024
Weighted Average Contractual Interest Rate / Rate of ReturnWeighted Average Annualized Effective Interest Rate / Rate of Return
Maturity Date
as of
March 31, 2025
Loans Receivable:
Mortgage3 Behavioral Health /
Skilled Nursing		$335,600 $335,600 $335,600 7.7 %7.7 %11/01/26 - 06/01/29
Other12 Multiple55,991 52,539 51,962 7.9 %7.5 %05/01/25 - 08/31/33
15 391,591 388,139 387,562 7.8 %7.7 %
Allowance for loan losses— (5,921)(6,094)
$391,591 $382,218 $381,468 
Other Investments:
Preferred Equity4 Skilled Nursing / Senior Housing61,752 61,933 61,116 11.0 %11.0 %N/A
Total 19 $453,343 $444,151 $442,584 8.2 %8.2 %
(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):
Three Months Ended March 31,
20252024
Allowance for loan losses:
Balance at beginning of the period$6,094 $6,665 
Recovery of loan losses(173)(137)
Balance at end of the period$5,921 $6,528 
March 31, 2025December 31, 2024
Deteriorated credit quality:
Number of loans receivable investments1 1 
Principal balance$1,214 $1,214 
Book value— — 
Nonaccrual status:
Number of loans receivable investments3 3 
Book value$— $—