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Loans Receivable (Tables)
 3 Months Ended
Mar. 31, 2021
Receivables [Abstract]  
Summary of Loans Receivable The following is a summary of our loans receivable (in thousands):
 March 31, 2021December 31, 2020
Mortgage loans$338,291 $299,430 
Other real estate loans158,066 152,739 
Allowance for credit losses on real estate loans receivable(8,683)(8,797)
Real estate loans receivable, net of credit allowance487,674 443,372 
Non-real estate loans458,391 455,508 
Allowance for credit losses on non-real estate loans receivable(215,463)(215,239)
Non-real estate loans receivable, net of credit allowance242,928 240,269 
Total loans receivable, net of credit allowance$730,602 $683,641 
Summary of Loan Activity
The following is a summary of our loan activity for the periods presented (in thousands):    
 Three Months Ended
 March 31, 2021March 31, 2020
Advances on loans receivable:
Investments in new loans
$30,999 $— 
Draws on existing loans
12,149 10,441 
Net cash advances on loans receivable
43,148 10,441 
Receipts on loans receivable:
Loan payoffs
1,620 — 
Principal payments on loans
1,232 10,045 
Net cash receipts on loans receivable2,852 10,045 
Net cash advances (receipts) on loans receivable$40,296 $396 
Schedule of Credit Loss The following is a summary of our loans by credit loss category (in thousands):
March 31, 2021
Loan categoryYears of OriginationLoan Carrying ValueAllowance for Credit LossNet Loan BalanceNo. of Loans
Deteriorated loans2007 - 2018$241,012 $(211,191)$29,821 6 
Collective loan pool2007-2016259,913 (5,061)254,852 18 
Collective loan pool2017126,746 (1,488)125,258 7 
Collective loan pool201820,620 (404)20,216 1 
Collective loan pool201947,045 (923)46,122 7 
Collective loan pool2020229,219 (4,488)224,731 11 
Collective loan pool202130,193 (591)29,602 2 
Total loans$954,748 $(224,146)$730,602 52 
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, 2021March 31, 2020
Balance at beginning of period$224,036 $68,372 
Adoption of ASU 2016-13— 5,212 
Provision for loan losses1,383 7,072 
Loan write-offs(1,322)— 
Foreign currency translation49 (85)
Balance at end of period$224,146 $80,571 
Summary of Impaired Loans
The following is a summary of our deteriorated loans (in thousands):
 Three Months Ended
 March 31, 2021March 31, 2020
Balance of deteriorated loans at end of period (1)
$241,012 $185,982 
Allowance for credit losses(211,191)(75,372)
Balance of deteriorated loans not reserved$29,821 $110,610 
Interest recognized on deteriorated loans (2)
$3,079 $4,046 
(1) Current year amounts include $2,250,000 and $3,623,000 of loans on non-accrual as of March 31, 2021 and December 31, 2020, respectively. Prior year amounts include $9,534,000 and $2,534,000 as of March 31, 2020 and December 31, 2019, respectively.
(2) Represents cash interest recognized in the period.