Real Estate and Lending Activities (Tables)

3 Months Ended

Mar. 31, 2020

Real Estate [Abstract]

Net Assets Acquired

We acquired the following net assets (in thousands):

	For the Three Months Ended March 31,
	2020			2019
Net Assets Acquired
Land and land improvements	$	265,991		$	169
Buildings		1,608,771			5,327
Intangible lease assets — subject to amortization (weighted-      average useful life 30.8 years for 2020 and 26.6 years for      2019 )		231,774			996
Other assets		1,328			—
Liabilities assumed		(134,203	)		—
Total net assets acquired	$	1,973,661		$	6,492

Summary of Status on Current Development Projects

See table below for a status update on our current development projects (in thousands):

Property	Commitment		Costs Incurred as of March 31, 2020		Estimated Rent Commencement Date
Circle (Birmingham, England)	$	44,531	$	41,207	3Q 2020
Circle Rehabilitation (Birmingham, England)		20,074		17,097	3Q 2020
NeuroPsychiatric Hospitals (Houston, Texas)		27,500		13,169	4Q 2020
	$	92,105	$	71,473

Components of Total Investment in Financing Leases

The components of our total investment in financing leases consisted of the following (in thousands):

	As of March 31, 2020			As of December 31, 2019
Minimum lease payments receivable	$	1,869,444		$	1,884,921
Estimated residual values		394,195			394,195
Less: Unearned income and allowance for credit loss		(1,601,658	)		(1,618,252	)
Net investment in direct financing leases		661,981			660,864
Other financing leases (net of allowance for credit loss)		1,406,185			1,399,438
Total investment in financing leases	$	2,068,166		$	2,060,302

Summary of Loans (Net of Allowance for Credit Loss)

The following is a summary of our loans (net of allowance for credit loss in 2020):

(in thousands)	As of March 31, 2020		As of December 31, 2019
Mortgage loans	$	1,275,543	$	1,275,022
Acquisition loans		123,105		123,893
Other loans		423,586		420,939
Total	$	1,822,234	$	1,819,854