Real Estate Loans Receivable

3 Months Ended

Jun. 30, 2012

Real Estate Loans Receivable [Abstract]

6. Real Estate Loans Receivable

The following is a summary of our real estate loan activity for the periods presented (in thousands):

		Six Months Ended
		June 30, 2012						June 30, 2011
		Seniors						Seniors
		Housing		Medical				Housing		Medical
		Triple-net		Facilities		Totals		Triple-net		Facilities		Totals
Advances on real estate loans receivable:
	Investments in new loans	$	532	$	0	$	532	$	11,807	$	0	$	11,807
	Draws on existing loans		19,455		367		19,822		8,824		7,836		16,660
	Net cash advances on real estate loans		19,987		367		20,354		20,631		7,836		28,467
Receipts on real estate loans receivable:
	Loan payoffs		0		0		0		129,860		0		129,860
	Principal payments on loans		11,613		1,248		12,861		5,164		3,372		8,536
	Total receipts on real estate loans		11,613		1,248		12,861		135,024		3,372		138,396
Net advances (receipts) on real estate loans		$	8,374	$	(881)	$	7,493	$	(114,393)	$	4,464	$	(109,929)

We recorded no provision for loan losses during the six months ended June 30, 2012. At June 30, 2012, we had real estate loans with outstanding balances of $12,956,000 on non-accrual status but no allowance for loan losses.

- Definition

The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses.

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