Loans Receivable and Investments Loans Receivable and Investments (Tables)

12 Months Ended

Dec. 31, 2019

Loans Receivable And Investments [Abstract]

The following is a summary of our loans receivable and investments, net, 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 December 31, 2019:
Secured/mortgage loans and other, net	$	645,546	$	645,546	$	646,925	$	—
Government-sponsored pooled loan investments, net⁽¹⁾	59,066		52,178		59,066		6,888
Total investments reported as secured loans receivable and investments, net	704,612		697,724		705,991		6,888
Non-mortgage loans receivable, net	63,724		63,724		63,538		—
Marketable debt securities ⁽²⁾	237,360		213,062		237,360		24,298
Total loans receivable and investments, net	$	1,005,696	$	974,510	$	1,006,889	$	31,186



As of December 31, 2018:
Secured/mortgage loans and other, net	$	439,491	$	439,491	$	425,290	$	—
Government-sponsored pooled loan investments, net⁽³⁾	56,378		49,601		56,378		6,777
Total investments reported as secured loans receivable and investments, net	495,869		489,092		481,668		6,777
Non-mortgage loans receivable, net	54,164		54,164		54,081		—
Marketable debt securities ⁽⁴⁾	206,442		197,473		206,442		8,969
Total loans receivable and investments, net	$	756,475	$	740,729	$	742,191	$	15,746


⁽¹⁾	As of December 31, 2019, investments in government-sponsored pool loans have contractual maturity dates in 2021 and 2023.


⁽²⁾	As of December 31, 2019, investments in marketable debt securities have contractual maturity dates in 2024 and 2026.


⁽³⁾	As of December 31, 2018, investments in government-sponsored pooled loans have contractual maturity dates in 2023.

⁽⁴⁾

As of December 31, 2018, investments in marketable debt securities have contractual maturity dates in 2026.