XML 24 R13.htm IDEA: XBRL DOCUMENT v3.19.1
LOANS RECEIVABLE AND INVESTMENTS
3 Months Ended
Mar. 31, 2019
Loans Receivable And Investments [Abstract]  
LOANS RECEIVABLE AND INVESTMENTS NOTE 5—LOANS RECEIVABLE AND INVESTMENTS

As of March 31, 2019 and December 31, 2018, we had $769.5 million and $756.5 million, respectively, of net loans receivable and investments relating to seniors housing and healthcare operators or properties. The following is a summary of our loans receivable and investments, net, including amortized cost, fair value and unrealized gains or losses on available-for-sale investments:    
 
Carrying Amount
 
Amortized Cost
 
Fair Value
 
Unrealized Gain
 
(In thousands)
As of March 31, 2019:
 
 
 
 
 
 
 
Secured/mortgage loans and other, net
$
439,462

 
$
439,462

 
$
424,664

 
$

Government-sponsored pooled loan investments, net (1)
56,882

 
50,199

 
56,882

 
6,683

Total investments reported as secured loans receivable and investments, net
496,344

 
489,661

 
481,546

 
6,683

Non-mortgage loans receivable, net
57,226

 
57,226

 
57,373

 

Senior unsecured notes (2)
215,884

 
197,530

 
215,884

 
18,354

Total loans receivable and investments, net
$
769,454

 
$
744,417

 
$
754,803

 
$
25,037

 
 
 
 
 
 
 
 
As of December 31, 2018:
 
 
 
 
 
 
 
Secured/mortgage loans and other, net
$
439,491

 
$
439,491

 
$
425,290

 
$

Government-sponsored pooled loan investments, net (1)
56,378

 
49,601

 
56,378

 
6,777

Total investments reported as secured loans receivable and investments, net
495,869

 
489,092

 
481,668

 
6,777

Non-mortgage loans receivable, net
54,164

 
54,164

 
54,081

 

Senior unsecured notes (2)
206,442

 
197,473

 
206,442

 
8,969

Total loans receivable and investments, net
$
756,475

 
$
740,729

 
$
742,191

 
$
15,746



(1) Investments in government-sponsored pool loans have contractual maturity dates in 2023.
(2) Investments in senior unsecured notes have contractual maturity dates in 2026.