LOANS RECEIVABLE AND INVESTMENTS (Tables)

9 Months Ended

Sep. 30, 2018

Loans Receivable And Investments [Abstract]

Summary of Net Loans Receivable and Investments

The following is a summary of our loans receivable and investments, net as of September 30, 2018 and December 31, 2017, including amortized cost, fair value and unrealized gains or losses on available-for-sale investments:



	Carrying Amount		Amortized Cost		Fair Value		Unrealized Gain
	(In thousands)
As of September 30, 2018:
Secured/mortgage loans and other, net	$	466,614	$	466,614	$	452,646	$	—
Government-sponsored pooled loan investments, net ⁽¹⁾	61,237		53,292		61,237		7,945
Total investments reported as Secured loans receivable and investments, net	527,851		519,906		513,883		7,945
Non-mortgage loans receivable, net	50,478		50,478		49,915		—
Senior unsecured notes ⁽²⁾	208,090		197,417		208,090		10,673
Total loans receivable and investments, net	$	786,419	$	767,801	$	771,888	$	18,618

As of December 31, 2017:
Secured/mortgage loans and other, net	$	1,291,694	$	1,291,694	$	1,286,322	$	—
Government-sponsored pooled loan investments, net ⁽¹⁾	54,665		53,863		54,665		802
Total investments reported as Secured loans receivable and investments, net	1,346,359		1,345,557		1,340,987		802
Non-mortgage loans receivable, net	59,857		59,857		58,849		—
Total loans receivable and investments, net	$	1,406,216	$	1,405,414	$	1,399,836	$	802

⁽¹⁾ Investments in government-sponsored pool loans have contractual maturity dates in 2023.

⁽²⁾ Investments in senior unsecured notes have contractual maturity dates in 2026.