MORTGAGE NOTES RECEIVABLE (Tables)

12 Months Ended

Dec. 31, 2019

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,
	2019		2018
	(in thousands)
Mortgage note due 2027; interest at 10.39%	$	112,500	$	112,500
Mortgage notes due 2029; interest at 10.08%(1)		526,520		537,515
Other mortgage notes outstanding(2)		139,448		65,748
Mortgage notes receivable, gross		778,468		715,763
Allowance for loss on mortgage notes receivable(3)		(4,905)		(4,905)
Total mortgages — net	$	773,563	$	710,858

(1) Approximates the weighted average interest rate on 36 facilities.  Three notes totaling approximately $36.2 million are construction mortgages with maturities through 2021.  The remaining loan balance matures in 2029.

(2) Other mortgage notes outstanding have a weighted average interest rate of 9.45% per annum and maturity dates through 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, 2019 and December 31, 2018.