MORTGAGE NOTES RECEIVABLE (Tables)

12 Months Ended

Dec. 31, 2018

Mortgage Receivable [Member]

Accounts, Notes, Loans and Financing Receivable [Line Items]

Schedule of other investments

The principal amounts outstanding of mortgage notes receivable, net of allowances, were as follows:

	December 31,
	2018		2017
	(in thousands)
Mortgage note due 2027; interest at 10.18%	$	112,500	$	112,500
Mortgage notes due 2029; interest at 9.87%(1)		537,515		476,320
Other mortgage notes outstanding(2)		65,748		87,317
Mortgage notes receivable, gross		715,763		676,137
Allowance for loss on mortgage notes receivable(3)		(4,905)		(4,905)
Total mortgages — net	$	710,858	$	671,232

(1) Approximates the weighted average interest rate on 39 facilities.  Two notes totaling approximately $20.5 million are construction mortgages maturing in 2019.  The remaining loan balance matures in 2029.

(2) Other mortgage notes outstanding have a weighted average interest rate of 11.25% per annum and maturity dates between 2019 and 2028.

(3) The allowance for loss on mortgage notes receivable relates to one mortgage with an operator. The carrying value and fair value of the mortgage note receivable is approximately $1.5 million at December 31, 2018 and December 31, 2017.