Loans Receivable (Tables)

3 Months Ended

Mar. 31, 2018

Receivables [Abstract]

Schedule of Loans Receivable

The following table summarizes the Company’s loans receivable (in thousands):

	March 31, 2018								December 31, 2017
	Real Estate Secured		Other Secured			Total			Real Estate Secured		Other Secured			Total
Mezzanine(1)	$	—	$	22,105		$	22,105		$	—	$	269,299		$	269,299
Other(2)	24,990		—			24,990			188,418		—			188,418
Unamortized discounts, fees and costs	—		(83		)	(83		)	—		(596		)	(596		)
Allowance for loan losses(3)	—		—			—			—		(143,795		)	(143,795		)
	$	24,990	$	22,022		$	47,012		$	188,418	$	124,908		$	313,326

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(1) In December 2017, the Company entered into a participating debt financing arrangement to fund a $115 million senior living development project, which remained unfunded at March 31, 2018.

(2) Represents loans denominated in British pound sterling (“GBP”). At December 31, 2017, includes the U.K. Bridge Loan discussed below.

(3) Related to the Company’s mezzanine loan facility to Tandem Health Care discussed below.

Summary of the Company's Internal Ratings for Loans Receivable

The following table summarizes the Company’s internal ratings for DFLs at March 31, 2018 (dollars in thousands):

	Carrying Amount		Percentage of DFL Portfolio	Internal Ratings
Segment				Performing DFLs		Watch List DFLs		Workout DFLs
Senior housing triple-net	$	628,859	88	$	274,264	$	354,595	$	—
Other non-reportable segments	84,604		12	84,604		—		—
	$	713,463	100	$	358,868	$	354,595	$	—

The following table summarizes the Company’s internal ratings for loans receivable at March 31, 2018 (dollars in thousands):

	Carrying Amount		Percentage of Loan Portfolio	Internal Ratings
Investment Type				Performing Loans		Watch List Loans		Workout Loans
Real estate secured	$	24,990	53	$	24,990	$	—	$	—
Other secured	22,022		47	22,022		—		—
	$	47,012	100	$	47,012	$	—	$	—