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Borrowings (Tables)
 9 Months Ended
Sep. 30, 2020
Debt Disclosure [Abstract]  
Summary of Borrowings
The following table presents the Company’s mortgage and other notes payable (dollars in thousands):
September 30, 2020 (Unaudited)December 31, 2019
Recourse vs. Non-RecourseFinal
Maturity
Contractual
Interest Rate(1)
Principal
Amount(2)
Carrying
Value(2)
Principal
Amount(2)
Carrying
Value(2)
Mortgage notes payable, net
Watermark Aqua Portfolio
Denver, CONon-recourseFeb 2021LIBOR + 2.92% $20,350 $20,334 $20,547 $20,500 
Frisco, TXNon-recourseMar 2021LIBOR + 3.04% 18,882 18,867 19,170 19,127 
Milford, OHNon-recourseSep 2026LIBOR + 2.68% 18,760 18,407 18,760 18,357 
Rochester Portfolio
Rochester, NYNon-recourseFeb 20254.25%19,907 19,824 20,228 20,131 
Rochester, NY(3)
Non-recourseAug 2027LIBOR + 2.34%101,224 100,352 101,224 100,267 
Rochester, NYNon-recourseAug 2021LIBOR + 2.90% 12,800 12,493 12,800 12,232 
Arbors Portfolio(4)
Various locationsNon-recourseFeb 20253.99%87,756 86,920 89,026 88,020 
Watermark Fountains Portfolio(5)
Various locationsNon-recourseJun 20223.92%388,680 387,492 392,269 390,508 
Various locationsNon-recourseJun 20225.56%73,714 73,406 74,208 73,750 
Winterfell Portfolio(6)
Various locationsNon-recourseJun 20254.17%624,513 609,210 632,024 614,415 
Avamere Portfolio(7)
Various locationsNon-recourseFeb 20274.66%70,718 70,233 71,464 70,922 
Subtotal mortgage notes payable, net$1,437,304 $1,417,538 $1,451,720 $1,428,229 
Other notes payable
Oak Cottage
Santa Barbara, CANon-recourseFeb 20226.00%3,914 3,915 3,693 3,693 
Subtotal other notes payable, net$3,914 $3,915 $3,693 $3,693 
Total mortgage and other notes payable, net$1,441,218 $1,421,453 $1,455,413 $1,431,922 
_______________________________________
(1)Floating rate borrowings are comprised of $172.0 million principal amount at one-month LIBOR.
(2)The difference between principal amount and carrying value of mortgage notes payable is attributable to deferred financing costs, net for all borrowings, other than the Winterfell portfolio which is attributable to below market debt intangibles.
(3)Comprised of seven individual mortgage notes payable secured by seven healthcare real estate properties, cross-collateralized and subject to cross-default.
(4)Comprised of four individual mortgage notes payable secured by four healthcare real estate properties, cross-collateralized and subject to cross-default.
(5)Includes $388.7 million principal amount of fixed rate borrowings, secured by 14 healthcare real estate properties, cross-collateralized and subject to cross-default, as well as a supplemental financing totaling $73.7 million of principal, secured by seven healthcare real estate properties, cross-collateralized and subject to cross-default.
(6)Comprised of 32 individual mortgage notes payable secured by 32 healthcare real estate properties, cross-collateralized and subject to cross-default.
(7)Comprised of five individual mortgage notes payable secured by five healthcare real estate properties, cross-collateralized and subject to cross-default.
Schedule of Principal on Borrowings based on Final Maturity
The following table presents future scheduled principal payments on mortgage and other notes payable based on final maturity (dollars in thousands):
October 1 to December 31, 2020$9,377 
   Years Ending December 31:
202176,127 
2022466,725 
202319,056 
202419,778 
Thereafter850,155 
Total$1,441,218