Real Estate Loans Receivable

6 Months Ended

Jun. 30, 2011

Real Estate Loans Receivable [Abstract]

Real Estate Loans Receivable

6. Real Estate Loans Receivable

     The following is a summary of our real estate loan activity for the periods presented (in thousands):

	Six Months Ended
	June 30, 2011								June 30, 2010
	Senior Housing			Medical					Senior Housing		Medical
	Triple-net			Facilities		Totals			Triple-net		Facilities			Totals
Advances on real estate loans receivable:
Investments in new loans	$	11,807		$	—	$	11,807		$	8,617	$	15,799		$	24,416
Draws on existing loans		8,824			7,836		16,660			18,838		—			18,838
Sub-total		20,631			7,836		28,467			27,455		15,799			43,254
Less: Seller financing on property sales		—			—		—			—		(1,470	)		(1,470	)
Net cash advances on real estate loans		20,631			7,836		28,467			27,455		14,329			41,784
Receipts on real estate loans receivable:
Loan payoffs		129,860			—		129,860			1,599		—			1,599
Principal payments on loans		5,164			3,372		8,536			7,705		116			7,821
Total receipts on real estate loans		135,024			3,372		138,396			9,304		116			9,420
Net advances (receipts) on real estate loans	$	(114,393	)	$	4,464	$	(109,929	)	$	18,151	$	14,213		$	32,364

     We recorded $416,000 of provision for loan losses during the six months ended June 30, 2011, resulting in an allowance for loan losses of $1,692,000 relating to real estate loans with outstanding balances of $9,287,000, all of which were on non-accrual status at June 30, 2011.