Real Estate Loans Receivable (Tables)

9 Months Ended

Sep. 30, 2019

Receivables [Abstract]

Summary Of Real Estate Loans Receivable

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

	September 30, 2019			December 31, 2018
Mortgage loans	$	320,989		$	317,443
Other real estate loans	108,913			81,268
Less allowance for losses on loans receivable	(68,372		)	(68,372		)
Totals	$	361,530		$	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):

	Nine Months Ended
	September 30, 2019							September 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	$	10,628		$	14,993	$	37,427
Draws on existing loans		33,955		18,390		52,345		—		29,709			—		29,709
Net cash advances on real estate loans		58,955		23,390		82,345		11,806		40,337			14,993		67,136
Receipts on real estate loans receivable:
Loan payoffs		29,020		—		29,020		—		116,161			—		116,161
Principal payments on loans		3,110		—		3,110		—		33,431			—		33,431
Net cash receipts on real estate loans		32,130		—		32,130		—		149,592			—		149,592
Net cash advances (receipts) on real estate loans		$	26,825	$	23,390	$	50,215	$	11,806	$	(109,255	)	$	14,993	$	(82,456	)

 

Summary of Impaired Loans

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

	Nine Months Ended
	September 30, 2019		September 30, 2018
Balance of impaired loans at end of period	$	188,043	$	201,971
Allowance for loan losses	68,372		68,372
Balance of impaired loans not reserved	$	119,671	$	133,599
Average impaired loans for the period	$	194,298	$	230,645
Interest recognized on impaired loans(1)	12,082		13,361

 

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