LOANS RECEIVABLE AND INVESTMENTS (Tables)

9 Months Ended

Sep. 30, 2019

Loans Receivable And Investments [Abstract]

Summary of Net Loans Receivable and Investments

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 September 30, 2019:
Secured/mortgage loans and other, net	$	653,691	$	653,691	$	653,656	$	—
Government-sponsored pooled loan investments, net ⁽¹⁾	56,023		51,492		56,023		4,531
Total investments reported as secured loans receivable and investments, net	709,714		705,183		709,679		4,531
Non-mortgage loans receivable, net	62,852		62,852		62,952		—
Marketable debt securities ⁽²⁾	227,947		212,998		227,947		14,949
Total loans receivable and investments, net	$	1,000,513	$	981,033	$	1,000,578	$	19,480

As of December 31, 2018:
Secured/mortgage loans and other, net	$	439,491	$	439,491	$	425,290	$	—
Government-sponsored pooled loan investments, net ⁽³⁾	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		—
Marketable debt securities ⁽⁴⁾	206,442		197,473		206,442		8,969
Total loans receivable and investments, net	$	756,475	$	740,729	$	742,191	$	15,746

⁽¹⁾ As of September 30, 2019, investments in government-sponsored pool loans have contractual maturity dates in 2021 and 2023.

⁽²⁾ As of September 30, 2019, investments in marketable debt securities have contractual maturity dates in 2024 and 2026.

⁽³⁾