XML 48 R34.htm IDEA: XBRL DOCUMENT v3.8.0.1
Commitments and Contingencies (Tables)
 12 Months Ended
Dec. 31, 2017
Commitments and Contingencies  
Schedule of commitments

At December 31, 2017, we had commitments as follows (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

 

 

    

 

 

    

Total

    

 

 

    

 

 

Investment

 

2017

 

Commitment

 

Remaining

 

 

    

Commitment

    

Funding

    

Funded

    

Commitment

 

Real estate properties (See Note 5. Real Estate Investments)

 

$

91,468

(1)

$

22,162

 

$

38,497

 

$

52,971

 

Accrued incentives and earn-out liabilities (2)

 

 

19,000

 

 

 —

 

 

 —

 

 

19,000

 

Lease incentives

 

 

6,090

 

 

2,245

 

 

2,245

 

 

3,845

 

Mortgage loans (See Note 5.Real Estate Investments)

 

 

51,000

(1)

 

11,913

 

 

17,252

 

 

33,748

 

Joint venture investments (See Note 6. Investments in Unconsolidated Joint Ventures)

 

 

25,650

 

 

1,101

 

 

23,014

 

 

2,636

 

Notes receivable (See Note 7. Notes Receivable)

 

 

500

 

 

 —

 

 

 —

 

 

500

 

Totals

 

$

193,708

 

$

37,421

 

$

81,008

 

$

112,700

 

(1)

Represents commitments to purchase land and improvements, if applicable, and to develop, re-develop, renovate or expand seniors housing and health care properties.

 

(2)

During the twelve months ended December 31, 2017, we recorded non-cash interest expense of $602 related to these contingent liabilities and the fair value of our outstanding payments was $8,916 at December 31, 2017.