OTHER INVESTMENTS (Tables)

12 Months Ended

Dec. 31, 2021

Notes Receivable [Member]

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

Schedule of Investments

Our other investments consist of fixed and variable rate loans to our operators and/or their principals to fund working capital and capital expenditures. These loans may be either unsecured or secured by the collateral of the borrower. Interest revenue on these loans is included within other investment income on the Consolidated Statement of Operations. As of December 31, 2021, we had 34 loans with 18 different operators. A summary of our other investments is as follows:

	December 31,		December 31,
	2021		2020
	(in thousands)
Other investment notes due 2024; interest at 13.15% (1)	$	90,752	$	83,636
Other investment notes due 2024-2025; interest at 8.12% (1)		55,791		56,987
Other investment note due 2023; interest at 12.00%		40,232		49,973
Other investment notes due 2030; interest at 7.00%		201,613		147,148
Other investment notes outstanding (2)		150,890		161,155
Total other investments, gross		539,278		498,899
Allowance for credit losses on other investments		(69,394)		(31,457)
Total other investments - net	$	469,884	$	467,442

(1) Approximate weighted average interest rate as of December 31, 2021.

(2) Other investment notes have a weighted average interest rate of 8.46% as of December 31, 2021 with maturity dates ranging from 2022 through 2031 (with $81.9 million maturing in 2022).