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Schedule IV - Mortgage Loans on Real Estate
 12 Months Ended
Dec. 31, 2018
Mortgage Loans on Real Estate [Abstract]  
MORTGAGE LOANS ON REAL ESTATE
Welltower Inc.
Schedule IV - Mortgage Loans on Real Estate
December 31, 2018
 
 
 
 
 
 
 
 
(in thousands)
Location
 
Segment
 
Interest Rate
 
Final Maturity Date
 
Monthly Payment Terms
 
Prior Liens
 
Face Amount of Mortgages
 
Carrying Amount of Mortgages
 
Principal Amount of Loans Subject to Delinquent Principal or Interest
First mortgages relating to 1 property located in:
 
 
 
 
 
 
 
 
California
 
Triple-net
 
8.11%
 
12/15/2020
 
$
—

 
$
—

 
$
28,000

 
$
9,247

 
$
—

California
 
Triple-net
 
7.95%
 
1/1/2022
 
1

 
—

 
131,100

 
53,172

 
—

United Kingdom
 
Triple-net
 
8.54%
 
12/14/2018
 
—

 
—

 
2,678

 
1,284

 
—

United Kingdom
 
Triple-net
 
8.00%
 
8/24/2022
 
—

 
—

 
11,041

 
6,638

 
—

United Kingdom
 
Triple-net
 
8.55%
 
7/1/2019
 
—

 
—

 
14,600

 
14,599

 
—

United Kingdom
 
Triple-net
 
7.00%
 
3/15/2022
 
—

 
—

 
26,748

 
20,283

 
—

United Kingdom
 
Triple-net
 
8.28%
 
7/6/2019
 
—

 
—

 
19,131

 
19,131

 
—

Oklahoma
 
Triple-net
 
9.32%
 
11/1/2019
 
—

 
—

 
11,610

 
11,595

 
—

Pennsylvania
 
Triple-net
 
8.47%
 
3/1/2022
 
—

 
—

 
15,530

 
14,237

 
—

Florida
 
Triple-net
 
10.20%
 
6/23/2021
 
—

 
—

 
17,100

 
17,385

 
—

North Carolina
 
Triple-net
 
7.60%
 
12/18/2023
 
—

 
—

 
30,883

 
3,000

 
—

Texas
 
Outpatient medical
 
7.60%
 
1/19/2025
 
—

 
—

 
3,740

 
3,733

 
—

United Kingdom
 
Triple-net
 
8.50%
 
12/31/2021
 
—

 
—

 
19,104

 
6,505

 
—

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
First mortgages relating to multiple properties:
 
 
 
 
 
 
 
 
4 properties in Texas
 
Triple-net
 
7.95%
 
1/1/2022
 
1

 
—

 
106,218

 
65,162

 


 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Second mortgages relating to 1 property located in:
 
 
 
 
 
 
 
 
Texas
 
Triple-net
 
12.17%
 
5/1/2019
 
—

 
11,367

 
3,100

 
3,100

 


 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Totals
 
 
 
 
 
 
 
 
 
$
11,367

 
$
440,583

 
$
249,071

 
$
—

 
 
 
Year Ended December 31,
 
 
2018
 
2017
 
2016
Reconciliation of mortgage loans:
 
(in thousands)
Balance at beginning of year
 
$
306,120

 
$
485,735

 
$
635,492

Additions:
 
 
 
 
 
 
New mortgage loans
 
25,290

 
6,706

 
8,223

Draws on existing loans
 
36,458

 
58,224

 
92,815

            Total Additions
 
61,748

 
64,930

 
101,038

 
 
 
 
 
 
 
Deductions:
 
 
 
 
 
 
Collections of principal
 
(116,905
)
 
(180,135
)
 
(191,134
)
Conversions to real property
 
—

 
—

 
(45,044
)
Change in allowance for loan losses and charge-offs
 
—

 
(71,535
)
 
(3,053
)
Total deductions
 
(116,905
)
 
(251,670
)
 
(239,231
)
Change in balance due to foreign currency translation
 
(1,892
)
 
7,125

 
(11,564
)
Balance at end of year
 
$
249,071

 
$
306,120

 
$
485,735