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Real Estate Loans Receivable (Tables)
 3 Months Ended
Mar. 31, 2020
Receivables [Abstract]  
Summary Of Real Estate Loans Receivable The following is a summary of our loans receivable (in thousands):
 
 
March 31, 2020
 
December 31, 2019
Mortgage loans
 
$
97,896

 
$
188,062

Other real estate loans
 
125,811

 
124,696

Allowance for credit losses on real estate loans receivable
 
(2,479
)
 
(42,376
)
Real estate loans receivable, net of credit allowance
 
$
221,228

 
$
270,382

Non-real estate loans
 
451,271

 
362,850

Allowance for credit losses on non-real estate loans receivable
 
(78,092
)
 
(25,996
)
Non-real estate loans receivable, net of credit allowance (1)
 
373,179

 
336,854

Total loans receivable, net of credit allowance
 
$
594,407

 
$
607,236


(1) Included in receivables and other assets on the Consolidated Balance Sheets.
Summary of Real Estate Loan Activity
The following is a summary of our loan activity for the periods presented (in thousands):    
 
 
Three Months Ended
 
 
March 31, 2020
 
March 31, 2019
Advances on loans receivable:
 
 
 
 
Investments in new loans
 
$
—

 
$
25,000

Draws on existing loans
 
10,441

 
20,452

Net cash advances on loans receivable
 
10,441

 
45,452

 
 
 
 
 
Receipts on loans receivable:
 
 
 
 
Loan payoffs
 
—

 
4,384

Principal payments on loans
 
10,045

 
2,826

Net cash receipts on loans receivable
 
10,045

 
7,210

Net cash advances (receipts) on loans receivable
 
$
396

 
$
38,242
Summary of Impaired Loans
The following is a summary of our deteriorated loans (in thousands):
 
 
Three Months Ended
 
 
March 31, 2020
 
March 31, 2019
Balance of deteriorated loans at end of period (1)
 
$
185,982

 
$
206,783

Allowance for credit losses
 
(75,372
)
 
(87,062
)
Balance of deteriorated loans not reserved
 
$
110,610

 
$
119,721

Interest recognized on deteriorated loans (2)
 
$
4,046

 
$
3,971

 
(1) Includes two loans that are on non-accrual as of March 31, 2020, with a total carrying value of $9,534,000 at both the beginning and the end of the first quarter of 2020.
(2) Represents cash interest recognized in the period.
Schedule of Credit Loss The following is a summary of our loans by credit loss category (in thousands):
 
March 31, 2020
Loan category
Years of Origination
Loan Carrying Value
Allowance for Credit Loss
Net Loan Balance
No. of Loans
Deteriorated loans
 2007 - 2018
$
185,982

$
(75,372
)
$
110,610

4

Collective loan pool
 2007 - 2015
128,971

(1,873
)
127,098

15

Collective loan pool (1)
 2016
183,218

(1,534
)
181,684

6

Collective loan pool
 2017
117,156

(970
)
116,186

7

Collective loan pool
 2018
15,865

(229
)
15,636

2

Collective loan pool
 2019
43,786

(593
)
43,193

6

Total loans
 
$
674,978

$
(80,571
)
$
594,407

40

 
(1) Carrying value is exclusive of deferred gains of $62,819,000 recorded in accrued expenses and other liabilities on the Consolidated Balance Sheets.

The following is a summary of the allowance for credit losses on loans receivable for the periods presented (in thousands):
 
Three Months Ended
 
March 31, 2020
 
March 31, 2019
Balance at beginning of period
$
68,372

 
$
68,372

Adoption of ASU 2016-13
5,212

 
—

Provision for loan losses
7,072

 
18,690

Foreign currency translation
(85
)
 
—

Balance at end of period
$
80,571

 
$
87,062