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Loans Receivable (Tables)
 6 Months Ended
Jun. 30, 2023
Receivables [Abstract]  
Schedule of Loans Receivable
The following table summarizes the Company’s loans receivable (in thousands):
 June 30,
2023		December 31,
2022
Secured loans(1)
$188,319 $350,837 
CCRC resident loans35,034 33,083 
Unamortized discounts, fees, and costs(957)(808)
Reserve for loan losses(8,366)(8,280)
Loans receivable, net$214,030 $374,832 
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(1)At each of June 30, 2023 and December 31, 2022, the Company had $40 million remaining of commitments to fund additional loans for senior housing redevelopment and capital expenditure projects.
Schedule of Financing Receivable Credit Quality Indicators and by Year of Origination
The following table summarizes, by year of origination, the Company’s internal ratings for loans receivable, net of unamortized discounts, fees, and reserves for loan losses, as of June 30, 2023 (in thousands):
Investment TypeYear of OriginationTotal
20232022202120202019Prior
Secured loans
Risk rating:
Performing loans$— $— $162,813 $16,183 $— $— $178,996 
Watch list loans— — — — — — — 
Workout loans— — — — — — — 
Total secured loans$— $— $162,813 $16,183 $— $— $178,996 
Current period gross write-offs$— $— $— $— $— $— $— 
Current period recoveries— — — — — — — 
Current period net write-offs$— $— $— $— $— $— $— 
CCRC resident loans
Risk rating:
Performing loans$26,348 $8,686 $— $— $— $— $35,034 
Watch list loans— — — — — — — 
Workout loans— — — — — — — 
Total CCRC resident loans$26,348 $8,686 $— $— $— $— $35,034 
Current period gross write-offs$— $— $— $— $— $— $— 
Current period recoveries— — — — — — — 
Current period net write-offs$— $— $— $— $— $— $— 
Schedule of Financing Receivable, Allowance for Credit Loss
The following table summarizes the Company’s reserve for loan losses (in thousands):
 June 30, 2023December 31, 2022
 Secured Loans
Other(1)
TotalSecured Loans
Other(1)
Total
Reserve for loan losses, beginning of period$8,280 $— $8,280 $1,804 $9 $1,813 
Provision for expected loan losses2,882 — 2,882 6,527 7 6,534 
Expected loan losses (recoveries) related to loans sold or repaid(2,796)— (2,796)(51)(16)(67)
Reserve for loan losses, end of period$8,366 $— $8,366 $8,280 $— $8,280 
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(1)Includes CCRC resident loans and other loan activity.