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LOANS RECEIVABLE AND OTHER INVESTMENTS (Tables)
 9 Months Ended
Sep. 30, 2025
Receivables [Abstract]  
Schedule of Loans Receivable and Other Investments
As of September 30, 2025 and December 31, 2024, the Company’s loans receivable and other investments consisted of the following (dollars in thousands):
As of September 30, 2025
Investment
Quantity
as of
September 30, 2025
Property Type
Principal Balance
as of
September 30, 2025 (1)
Book Value
as of
September 30, 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
September 30, 2025
Loans Receivable:
Mortgage3 Behavioral Health /
Skilled Nursing		$335,600 $335,600 $335,600 7.7 %7.7 %11/01/26 - 06/01/29
Other11 Multiple45,678 42,223 51,962 7.6 %7.1 %12/31/25 - 08/31/33
14 381,278 377,823 387,562 7.7 %7.7 %
Allowance for loan losses— (5,454)(6,094)
$381,278 $372,369 $381,468 
Other Investments:
Preferred Equity4 Skilled Nursing / Senior Housing63,975 64,157 61,116 11.0 %11.0 %N/A
Total 18 $445,253 $436,526 $442,584 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,
20252024
Allowance for loan losses:
Balance at beginning of the period$6,094 $6,665 
Recovery of loan losses(640)(446)
Balance at end of the period$5,454 $6,219 
September 30, 2025December 31, 2024
Deteriorated credit quality:
Number of loans receivable investments1 1 
Principal balance$1,214 $1,214 
Book value— — 
Nonaccrual status:
Number of loans receivable investments3 3 
Book value$— $—