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VARIABLE INTEREST ENTITIES (Tables) - Agemo Holdings LLC and Orianna Inc [Member]
12 Months Ended
Dec. 31, 2019
Schedule of Variable Interest Entities

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​

​

​

​

​

​

​

​

​

​

​

​

December 31, 2019

​

December 31, 2018

​

​

Agemo

​

Agemo

​

Orianna

​

​

(in thousands)

​

​

(in thousands)

Assets

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​

​

​

​

​

​

​

​

Real estate investments – net

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$

403,389

​

$

413,396

​

$

30,459

Investments in direct financing leases - net

​

​

—

​

​

—

​

​

120,545

Other investments

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58,687

​

​

46,287

​

 

40,242

Contractual receivables

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18,113

​

​

18,017

​

 

249

Straight-line rent receivables

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46,247

​

​

34,203

​

 

—

Lease inducement

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​

6,810

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​

2,362

​

​

—

Above market lease

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—

​

​

2

​

 

—

Subtotal

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533,246

​

​

514,267

​

 

191,495

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​

​

​

​

​

​

​

​

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Collateral

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​

​

  

​

 

  

Letters of credit

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(9,253)

​

​

(9,253)

​

 

—

Personal guarantee

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(8,000)

​

​

(15,000)

​

 

—

Other collateral

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(403,389)

​

​

(413,396)

​

 

(176,253)

Subtotal

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(420,642)

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​

(437,649)

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(176,253)

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​

​

​

​

​

​

​

​

Maximum exposure to loss

​

$

112,604

​

$

76,618

​

$

15,242

Schedule of Variable Interest Entities revenue

The table below reflects our total revenues from Agemo and Orianna for the years ended December 31, 2019, 2018 and 2017:

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​

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​

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​

​

2019

​

    

2018

​

​

2017

​

​

Agemo

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​

Agemo

​

​

Orianna

​

​

​

Agemo

​

​

Orianna

​

​

(in thousands)

Revenue

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​

  

 

 

​

  

 

​

  

​

​

​

  

 

​

  

Rental income

​

$

60,639

​

​

$

59,291

​

$

—

​

​

$

62,287

​

$

2,401

Income from direct financing leases

​

​

—

​

​

​

—

​

​

—

​

​

​

—

​

​

29,877

Other investment income

​

 

4,502

​

​

 

3,500

​

 

3,477

​

​

​

4,884

​

 

906

Total (1)

​

$

65,141

​

​

$

62,791

​

$

3,477

​

​

$

67,171

​

$

33,184

(1)For the years ended December 31, 2019, 2018 and 2017, we received cash rental income and other investment income from Agemo of approximately $53.7 million, $56.8 million and $39.8 million, respectively.