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LOANS RECEIVABLE AND INVESTMENTS (Tables)
9 Months Ended
Sep. 30, 2020
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 AmountAmortized CostFair ValueUnrealized Gain
(In thousands)
As of September 30, 2020:
Secured/mortgage loans and other, net$555,483 $555,483 $487,373 $— 
Government-sponsored pooled loan investments, net (1) (3)
48,969 54,361 48,969 3,453 
Total investments reported as secured loans receivable and investments, net
604,452 609,844 536,342 3,453 
Non-mortgage loans receivable, net (3)
56,844 86,347 56,832 — 
Marketable debt securities (2)
231,168 213,264 231,168 17,905 
Total loans receivable and investments, net$892,464 $909,455 $824,342 $21,358 
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, net63,724 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.
(3)As of September 30, 2020, the carrying amounts for government-sponsored pooled loan investments, net and non-mortgage loans receivable, net reflect allowances of $8.8 million and $29.5 million, respectively.