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LOANS RECEIVABLE AND INVESTMENTS
 3 Months Ended
Mar. 31, 2020
Loans Receivable And Investments [Abstract]  
LOANS RECEIVABLE AND INVESTMENTS
NOTE 5—LOANS RECEIVABLE AND INVESTMENTS

As of March 31, 2020 and December 31, 2019, we had $857.0 million and $1.0 billion, respectively, of net loans receivable and investments relating to senior 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 (Loss)
 
(In thousands)
As of March 31, 2020:
 
 
 
 
 
 
 
Secured/mortgage loans and other, net
$
567,247

 
$
567,247

 
$
444,187

 
$
—

Government-sponsored pooled loan investments, net (1)
56,470

 
52,879

 
56,470

 
3,591

Total investments reported as secured loans receivable and investments, net
623,717

 
620,126

 
500,657

 
3,591

Non-mortgage loans receivable, net
44,301

 
44,301

 
39,915

 
—

Marketable debt securities (2)
189,024

 
213,128

 
189,024

 
(24,104
)
Total loans receivable and investments, net
$
857,042

 
$
877,555

 
$
729,596

 
$
(20,513
)
 
 
 
 
 
 
 
 
As of December 31, 2019:
 
 
 
 
 
 
 
Secured/mortgage loans and other, net
$
645,546

 
$
645,546

 
$
646,925

 
$
—

Government-sponsored pooled loan investments, net (1)
59,066

 
52,178

 
59,066

 
6,888

Total investments reported as secured loans receivable and investments, net
704,612

 
697,724

 
705,991

 
6,888

Non-mortgage loans receivable, net
63,724

 
63,724

 
63,538

 
—

Marketable debt securities (2)
237,360

 
213,062

 
237,360

 
24,298

Total loans receivable and investments, net
$
1,005,696

 
$
974,510

 
$
1,006,889

 
$
31,186



(1) 
Investments in government-sponsored pool loans have contractual maturity dates in 2021 and 2023.
(2) 
Investments in marketable debt securities have contractual maturity dates in 2024 and 2026.

2020 Activity

During the three months ended March 31, 2020, we received aggregate proceeds of $99.0 million for the full repayment of the principal balances of seven loans receivable with a weighted average interest rate of 8.4% that were due to mature between 2020 and 2024, resulting in total gains of $1.4 million.