Other Real Estate Investments, Net (Tables)

6 Months Ended

Jun. 30, 2022

Investments, All Other Investments [Abstract]

Schedule of Loans Receivable and Other Investments

As of June 30, 2022 and December 31, 2021, the Company’s other real estate investments consisted of the following (dollars in thousands):

								As of June 30, 2022
Investment	Facility Count and Type	Principal Balance as of June 30, 2022		Book Value as of June 30, 2022		Book Value as of December 31, 2021		Weighted Average Contractual Interest Rate		Maturity Date
Senior secured loan receivable	18 SNF/Campus	$	75,000	$	75,018	$	—	8.5	%	6/30/2027
Mezzanine loan receivable	9 SNF	15,000		15,150		15,155		12.0	%	11/30/2025
Mezzanine loan receivable	18 SNF/Campus	25,000		25,000		—		11.0	%	6/30/2032
		$	115,000	$	115,168	$	15,155

Schedule of Other Real Estate Investment Activity

The following table summarizes the Company’s other real estate investments activity for the six months ended June 30, 2022 and 2021 (dollars in thousands):

	Six Months Ended June 30,
	2022		2021
Origination of other real estate investments	$	100,000	$	—
Accrued interest, net	13		150
Net increase in other real estate investments	$	100,013	$	150

As of June 30, 2022 and December 31, 2021, the Company’s other loans receivable, included in prepaid expenses and other assets, net on the Company’s condensed consolidated balance sheets, consisted of the following (dollars in thousands):

							As of June 30, 2022
Investment	Principal Balance as of June 30, 2022		Book Value as of June 30, 2022		Book Value as of December 31, 2021		Weighted Average Contractual Interest Rate		Maturity Date
Other loans receivable	$	5,377	$	5,383	$	3,161	8.0	%	9/1/2023 - 12/31/2023
Expected credit loss	(4,594)		(4,594)		—
Total	$	783	$	789	$	3,161

Schedule of Loan Receivable Activity

The following table summarizes the Company’s other loans receivable activity for the six months ended June 30, 2022 and 2021 (dollars in thousands):

	Six Months Ended June 30,
	2022		2021
Origination of loans receivable	$	2,500	$	700
Principal payments	(276)		(113)
Accrued interest	(2)		5
Expected credit loss	(5,344)		—
Loan loss recovery	750		—
Net change in other loans receivable	$	(2,372)	$	592

Schedule of Interest and Other Income

The following table summarizes the interest and other income recognized from the Company’s loans receivable and other investments during the three and six months ended June 30, 2022 and 2021 (dollars in thousands):

	For the Three Months Ended June 30,				For the Six Months Ended June 30,
Investment	2022		2021		2022		2021
Senior secured loan receivable	$	17	$	—	$	17	$	—
Mezzanine loans receivable	713		455		1,163		905
Other	17		59		36		114
Total	$	747	$	514	$	1,216	$	1,019