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SCHEDULE IV MORTGAGE LOANS ON REAL ESTATE
 12 Months Ended
Dec. 31, 2022
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Abstract]  
SCHEDULE IV MORTGAGE LOANS ON REAL ESTATE
SCHEDULE IV - MORTGAGE LOANS ON REAL ESTATE
December 31, 2022
(Dollars in thousands)

LocationInterest RateFixed / VariableMaturity DatePeriodic Payment TermsPrior LiensFace Amount of MortgagesCarrying Amount of MortgagesPrincipal Amount of Loans Subject to Delinquent Principal or Interest
First mortgage relating to 1 senior housing property located in:
Pennsylvania
Term SOFR plus 3.75%
Variable11/4/2027Interest only; principal payments start in 2024$— $18,086 $18,100 $— 
First mortgage relating to 2 senior housing properties located in:
Texas
Lesser of 9.50% or SOFR + 5.50%
Variable6/16/2024Interest only— 7,226 7,152 — 
Mezzanine loan relating to 153 properties located in:
Multiple (1)
LIBOR + 6.42%
Variable6/9/2023Interest only1,016,804 486,082 466,082 — 
Total$1,016,804 $511,394 $491,334 $— 
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(1)    The carrying amount includes a $20.0 million allowance recognized as of December 31, 2022. See “Note 6 – Loans Receivable and Investments” of the Notes to Consolidated Financial Statements.


Reconciliation of Mortgage Loans:

Year Ended December 31,
202220212020
Beginning Balance$486,200 $552,797 $642,218 
Additions:
New loans25,247 — 66,000 
Total additions25,247 — 66,000 
Deductions:
Principal repayments(113)(66,597)(155,170)
Allowance(20,000)— — 
Total deductions(20,113)(66,597)(155,170)
Effect of foreign currency translation — — (251)
Ending Balance$491,334 $486,200 $552,797