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Loans Receivable (Tables)
 6 Months Ended
Jun. 30, 2020
Receivables [Abstract]  
Summary of Loans Receivable The following is a summary of our loans receivable (in thousands):
 June 30, 2020December 31, 2019
Mortgage loans$102,275  $188,062  
Other real estate loans126,448  124,696  
Allowance for credit losses on real estate loans receivable(3,852) (42,376) 
Real estate loans receivable, net of credit allowance224,871  270,382  
Non-real estate loans451,968  362,850  
Allowance for credit losses on non-real estate loans receivable(78,133) (25,996) 
Non-real estate loans receivable, net of credit allowance373,835  336,854  
Total loans receivable, net of credit allowance$598,706  $607,236  
Summary of Loan Activity
The following is a summary of our loan activity for the periods presented (in thousands): 
 Six Months Ended
 June 30, 2020June 30, 2019
Advances on loans receivable:
Investments in new loans
$2,477  $30,000  
Draws on existing loans
17,061  35,422  
Net cash advances on loans receivable
19,538  65,422  
Receipts on loans receivable:
Loan payoffs
—  4,384  
Principal payments on loans
12,796  4,276  
Net cash receipts on loans receivable
12,796  8,660  
Net cash advances (receipts) on loans receivable$6,742  $56,762  
Schedule of Credit Loss The following is a summary of our loans by credit loss category (in thousands):
June 30, 2020
Loan categoryYears of OriginationLoan Carrying ValueAllowance for Credit LossNet Loan BalanceNo. of Loans
Deteriorated loans 2007 - 2018 $186,584  $(76,695) $109,889  5  
Collective loan pool 2007 - 2015 128,447  (1,866) 126,581  15  
Collective loan pool (1)
 2016 184,620  (1,572) 183,048  6  
Collective loan pool 2017 119,662  (999) 118,663  7  
Collective loan pool 2018 15,399  (224) 15,175  1  
Collective loan pool 2019 45,979  (629) 45,350  7  
Total loans$680,691  $(81,985) $598,706  41  
(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):         
Six Months Ended
June 30, 2020June 30, 2019
Balance at beginning of period$68,372  $68,372  
Adoption of ASU 2016-135,212  —  
Provision for loan losses8,494  18,690  
Loan write-offs—  (18,690) 
Foreign currency translation(93) —  
Balance at end of period$81,985  $68,372  
Summary of Impaired Loans
The following is a summary of our deteriorated loans (in thousands):
 Six Months Ended
 June 30, 2020June 30, 2019
Balance of deteriorated loans at end of period (1)
$186,584  $188,068  
Allowance for credit losses(76,695) (68,372) 
Balance of deteriorated loans not reserved$109,889  $119,696  
Interest recognized on deteriorated loans (2)
$7,912  $7,964  
(1) Current year amounts include $10,716,000 and $2,534,000 of loans on non-accrual as of June 30, 2020 and December 31, 2019, respectively. Prior year amounts include $2,534,000 and$2,567,000 as of June 30, 2019 and December 31, 2018, respectively.
(2) Represents cash interest recognized in the period.