LOANS RECEIVABLE AND INVESTMENTS

As of June 30, 2014 and December 31, 2013, we had $503.5 million and $414.8 million, respectively, of net loans receivable and investments relating to seniors housing and healthcare operators or properties. The following is a summary of our net loans receivable and investments as of June 30, 2014, including amortized cost, fair value and unrealized gains (losses) on available-for-sale investments:



	Carrying Amount		Amortized Cost		Fair Value		Unrealized Gain (Loss)
	(In thousands)

Secured mortgage loans and other	$	353,089	$	353,089	$	352,211	$	—
Government-sponsored pooled loan investments	60,962		61,000		60,962		(38		)
Total investments reported as Secured loans receivable and investments, net	414,051		414,089		413,173		(38		)

Unsecured loans receivable	41,365		41,365		42,031		—
Marketable securities	48,082		46,689		48,082		1,393
Total investments reported as Other assets	89,447		88,054		90,113		1,393

Total net loans receivable and investments	$	503,498	$	502,143	$	503,286	$	1,355

During the six months ended June 30, 2014, we purchased $25.0 million principal amount of senior unsecured corporate bonds, a $38.7 million interest in a government-sponsored pooled loan investment, and $21.7 million of marketable equity securities. Our investments in marketable debt and equity securities are classified as available-for-sale, and the contractual maturity dates of our marketable debt securities range from 2022 to 2023.

In June 2014, we recognized a $2.8 million gain on the repayment of loans receivable that is recorded in income from loans and investments in our Consolidated Statements of Income for the three and six months ended June 30, 2014.

In 2013, we sold portions of a $375.0 million secured loan receivable to third parties in separate transactions, as evidenced by separate notes. As of June 30, 2014, our remaining investment in this loan receivable was $175.4 million and bears interest at an all-in rate of 10.6% per annum. Under the terms of the loan agreement, we act as the administrative agent and will continue to receive the stated interest rate on our remaining loan receivable balance.