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Loans Receivable (Tables)
12 Months Ended
Dec. 31, 2023
Receivables [Abstract]  
Summary Of Real Estate Loans Receivable The following is a summary of our loans receivable (in thousands):
 Year Ended December 31,
 20232022
Mortgage loans$1,057,516 $707,464 
Other real estate loans324,660 195,566 
Allowance for credit losses on real estate loans receivable(20,589)(12,186)
Real estate loans receivable, net of credit allowance1,361,587 890,844 
Non-real estate loans503,993 441,231 
Allowance for credit losses on non-real estate loans receivable(173,874)(152,063)
Non-real estate loans receivable, net of credit allowance330,119 289,168 
Total loans receivable, net of credit allowance$1,691,706 $1,180,012 
Summary Of Real Estate Loan Activity
The following is a summary of our loan activity for the periods presented (in thousands):
 Year Ended
 December 31, 2023December 31, 2022December 31, 2021
Advances on loans receivable$490,736 $156,045 $997,449 
Less: Receipts on loans receivable90,215 196,310 343,260 
Net cash advances (receipts) on loans receivable$400,521 $(40,265)$654,189 
Financing Receivable, Allowance for Credit Loss
The following is a summary of our loans by credit loss category (in thousands):
December 31, 2023
Loan categoryYears of OriginationLoan Carrying ValueAllowance for Credit LossNet Loan BalanceNo. of Loans
Deteriorated loans 2007 - 2023 $215,283 $(172,045)$43,238 9
Collective loan pool 2007 - 2018 227,810 (3,028)224,782 14
Collective loan pool201923,960 (319)23,641 4
Collective loan pool202034,938 (464)34,474 5
Collective loan pool2021871,754 (11,794)859,960 11
Collective loan pool2022126,324 (1,680)124,644 18
Collective loan pool2023386,100 (5,133)380,967 17
Total loans$1,886,169 $(194,463)$1,691,706 78 
The following is a summary of the allowance for credit losses on loans receivable for the periods presented (in thousands):
 Year Ended December 31,
 202320222021
Balance at beginning of year$164,249 $166,785 $224,036 
Provision for loan losses, net(1)
8,797 (1,394)7,270 
Loan write-offs(2)
— — (64,075)
Purchased deteriorated loan19,077 — — 
Reserve for unrecognized interest added to principal2,066 — — 
Foreign currency translation274 (1,142)(446)
Balance at end of year$194,463 $164,249 $166,785 
(1) Excludes the provision for loan loss on held-to-maturity debt securities.
(2) Includes $64,075,000 related to the Genesis lease terminations for the twelve months ended December 31, 2021.
Summary of Impaired Loans
The following is a summary of our deteriorated loans (in thousands):
 Year Ended December 31,
 202320222021
Balance of deteriorated loans at end of year$215,283 $174,841 $178,369 
Allowance for credit losses(172,045)(148,438)(148,438)
Balance of deteriorated loans not reserved$43,238 $26,403 $29,931 
Interest recognized on deteriorated loans(1)
$1,681 $— $3,185 
(1 Represents cash interest recognized in the period.