Real Estate Loans Receivable (Tables)

6 Months Ended

Jun. 30, 2019

Receivables [Abstract]

Summary Of Real Estate Loans Receivable

The following is a summary of our net real estate loans receivable (in thousands):

	June 30, 2019			December 31, 2018
Mortgage loans	$	332,770		$	317,443
Other real estate loans	104,596			81,268
Less allowance for losses on loans receivable	(68,372		)	(68,372		)
Totals	$	368,994		$	330,339

Summary of Real Estate Loan Activity

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

	Six Months Ended
	June 30, 2019							June 30, 2018
		Triple-net		Outpatient Medical		Totals		Seniors Housing Operating		Triple-net			Outpatient Medical		Totals
Advances on real estate loans receivable:
Investments in new loans		$	25,000	$	5,000	$	30,000	$	11,806	$	8,281		$	7,022	$	27,109
Draws on existing loans		20,051		12,884		32,935		—		21,182			—		21,182
Net cash advances on real estate loans		45,051		17,884		62,935		11,806		29,463			7,022		48,291
Receipts on real estate loans receivable:
Loan payoffs		4,384		—		4,384		—		58,557			—		58,557
Principal payments on loans		2,456		—		2,456		—		32,870			—		32,870
Net cash receipts on real estate loans		6,840		—		6,840		—		91,427			—		91,427
Net cash advances (receipts) on real estate loans		$	38,211	$	17,884	$	56,095	$	11,806	$	(61,964	)	$	7,022	$	(43,136	)

 

Summary of Impaired Loans

The following is a summary of our impaired loans (in thousands):

	Six Months Ended
	June 30, 2019		June 30, 2018
Balance of impaired loans at end of period	$	188,068	$	214,871
Allowance for loan losses	68,372		68,372
Balance of impaired loans not reserved	$	119,696	$	146,499
Average impaired loans for the period	$	197,426	$	252,172
Interest recognized on impaired loans(1)	7,964		8,847

 

⁽¹⁾ Represents cash interest recognized in the period since loans were identified as impaired.