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Loans Receivable (Tables)
 6 Months Ended
Jun. 30, 2020
Receivables [Abstract]  
Schedule of Loans Receivable
The following table summarizes the Company’s loans receivable (in thousands):
 
June 30, 2020
 
December 31, 2019
Secured mortgage loans(1)
$
208,762

 
$
161,964

Mezzanine and other
58,405

 
27,752

Unamortized discounts, fees, and costs
722

 
863

Reserve for loan losses
(14,115
)
 
—

 
$
253,774

 
$
190,579

_______________________________________
(1)
At June 30, 2020, the Company had $9 million remaining of commitments to fund $174 million of senior housing development and redevelopment projects. At December 31, 2019, the Company had $25 million remaining of commitments to fund $174 million of senior housing development and redevelopment projects.
Schedule of Financing Receivable Credit Quality Indicators and by Year of Origination
The following table summarizes the Company’s internal ratings for DFLs at June 30, 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, net of reserves for loan losses, as of June 30, 2020 (dollars in thousands):
Investment Type
 
Year of Origination
 
Total
 
2020
 
2019
 
2018
 
2017
 
2016
 
Secured mortgage loans
 
 
 
 
 
 
 
 
 
 
 
 
Risk rating:
 
 
 
 
 
 
 
 
 
 
 
 
Performing loans
 
$
36,037

 
$
53,826

 
$
—

 
$
112,248

 
$
—

 
$
202,111

Watch list loans
 
—

 
—

 
—

 
—

 
—

 
—

Workout loans
 
—

 
—

 
—

 
—

 
—

 
—

Total secured mortgage loans
 
$
36,037

 
$
53,826

 
$
—

 
$
112,248

 
$
—

 
$
202,111

Mezzanine and other
 
 
 
 
 
 
 
 
 
 
 
 
Risk rating:
 
 
 
 
 
 
 
 
 
 
 
 
Performing loans
 
$
17,860

 
$
19,684

 
$
—

 
$
7,898

 
$
6,221

 
$
51,663

Watch list loans
 
—

 
—

 
—

 
—

 
—

 
—

Workout loans
 
—

 
—

 
—

 
—

 
—

 
—

Total mezzanine and other
 
$
17,860

 
$
19,684

 
$
—

 
$
7,898

 
$
6,221

 
$
51,663
Schedule of Financing Receivable, Allowance for Credit Loss
The following table summarizes the Company’s reserve for loan losses at June 30, 2020 (in thousands):
 
June 30, 2020
 
Secured Mortgage Loans
 
Mezzanine and Other
 
Total
Reserve for loan losses, December 31, 2019
$
—

 
$
—

 
$
—

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

 
907

 
1,420

Provision for expected loan losses
6,138

 
6,557

 
12,695

Reserve for loan losses, June 30, 2020
$
6,651

 
$
7,464

 
$
14,115