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Fair Value of Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2020
Fair Value Disclosures [Abstract]  
Summary of Fair Value Information of Financial Instruments The following table summarizes fair value estimates for our financial instruments (in thousands):

 

 

 

December 31, 2020

 

 

December 31, 2019

 

Asset (Liability)

 

Book

Value

 

 

Fair

Value

 

 

Book

Value

 

 

Fair

Value

 

Interest and rent receivables

 

$

46,208

 

 

$

45,381

 

 

$

31,357

 

 

$

30,472

 

Loans(1)

 

 

751,341

 

 

 

756,608

 

 

 

1,704,854

 

 

 

1,742,153

 

Debt, net

 

 

(8,865,458

)

 

 

(9,226,564

)

 

 

(7,023,679

)

 

 

(7,331,816

)

 

(1)

Excludes the $205 million acquisition loan to the new international joint venture and investment in the real estate of three hospitals in Colombia discussed in Note 3 as they are recorded at fair value and discussed below.

Equity Interest in Related Party and Related Loans Measured at Fair Value on Recurring Basis

At December 31, 2020 and 2019, the amounts recorded under the fair value option method were as follows (in thousands):

 

 

 

As of December 31, 2020

 

 

As of December 31, 2019

 

 

 

Asset (Liability)

 

Fair Value

 

 

Original

Cost

 

 

Fair Value

 

 

Original

Cost

 

 

Asset Type Classification

Mortgage loans

 

$

136,332

 

 

$

136,332

 

 

$

115,000

 

 

$

115,000

 

 

Mortgage loans

Equity investment and other loans

 

 

218,775

 

 

 

218,775

 

 

 

 

 

 

 

 

Equity investments/Other loans