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Loans Receivable (Tables)
 3 Months Ended
Mar. 31, 2020
Receivables [Abstract]  
Schedule of Loans Receivable
The following table summarizes the Company’s loans receivable (in thousands):
 
March 31, 2020
 
December 31, 2019
Secured mortgage loans(1)
$
169,176

 
$
161,964

Mezzanine and other
59,998

 
27,752

Unamortized discounts, fees, and costs
792

 
863

Reserve for loan losses
(9,314
)
 
—

 
$
220,652

 
$
190,579

_______________________________________
(1)
At March 31, 2020, the Company had $16 million remaining of commitments to fund $174 million of senior housing development projects. At December 31, 2019, the Company had $25 million remaining of commitments to fund $174 million of senior housing development projects.
Financing Receivable Credit Quality Indicators and by Year of Origination
The following table summarizes the Company’s internal ratings for DFLs at March 31, 2020 (dollars in thousands):
 
 
Carrying
Amount
 
Percentage of
DFL Portfolio
 
Internal Ratings
Segment
 
 
 
Performing DFLs
 
Watch List DFLs
 
Workout DFLs
Other non-reportable segments
 
$
44,706

 
100
 
$
44,706

 
—

 
—

 
 
$
44,706

 
100
 
$
44,706

 
$
—

 
$
—


The following table summarizes, by year of origination, the Company’s internal ratings for loans receivables as of March 31, 2020 (dollars in thousands):
Investment Type
 
Year of Origination
 
Total
 
2020
 
2019
 
2018
 
2017
 
2016
 
Secured mortgage loans
 
 
 
 
 
 
 
 
 
 
 
 
Risk rating:
 
 
 
 
 
 
 
 
 
 
 
 
Performing loans
 
$
—

 
$
55,955

 
$
—

 
$
108,484

 
$
—

 
$
164,439

Watch list loans
 
—

 
—

 
—

 
—

 
—

 
—

Workout loans
 
—

 
—

 
—

 
—

 
—

 
—

Total secured mortgage loans
 
$
—

 
$
55,955

 
$
—

 
$
108,484

 
$
—

 
$
164,439

Mezzanine and other
 
 
 
 
 
 
 
 
 
 
 
 
Risk rating:
 
 
 
 
 
 
 
 
 
 
 
 
Performing loans
 
$
2,901

 
$
36,114

 
$
—

 
$
8,896

 
$
8,302

 
$
56,213

Watch list loans
 
—

 
—

 
—

 
—

 
—

 
—

Workout loans
 
—

 
—

 
—

 
—

 
—

 
—

Total mezzanine and other
 
$
2,901

 
$
36,114

 
$
—

 
$
8,896

 
$
8,302

 
$
56,213
Financing Receivable, Allowance for Credit Loss
The following table summarizes the Company’s reserve for loan losses at March 31, 2020 (in thousands):
 
March 31, 2020
 
Secured Mortgage Loans
 
Mezzanine and Other
 
Total
Reserve for loan losses, January 1, 2020
$
—

 
$
—

 
$
—

Cumulative-effect of adopting of ASU 2016-13 to beginning retained earnings
513

 
907

 
1,420

Provision for expected loan losses
4,224

 
3,670

 
7,894

Reserve for loan losses, March 31, 2020
$
4,737

 
$
4,577

 
$
9,314