Loans Receivable (Tables)

12 Months Ended

Dec. 31, 2016

Loans Receivable:

Summary of loans receivable secured by real estate

The following table summarizes the Company’s loans receivable secured by real estate at December 31, 2016 (dollars in thousands):

Final	Number
Maturity	of		Principal		Carrying
Date	Loans	Payment Terms	Amount(1)		Amount
2017	1	monthly interest-only payments, accrues interest at LIBOR plus 6.0%, and secured by, among other things, the issuer’s real estate assets	$	34,602	$	35,015
2018	1	monthly interest-only payments, accrues interest at 8.0% and secured by a senior housing facility in Pennsylvania(2)		21,473		21,566
2021	2	aggregate monthly interest-only payments, accrues interest at 8.0% and 9.75% and secured by two senior housing facility in the U.K.(3)		9,008		9,339
2023	1	monthly interest-only payments, accrues interest at 7.0% and secured by seven senior housing facilities in the U.K.		130,439		130,439
	5		$	195,522	$	196,359

(1) Represents future contractual principal payments to be received on loans receivable secured by real estate.

(2) Represents commitments to fund an aggregate of $0.1 million for a development project that is at or near completion as of December 31, 2016.

(3) Represents commitments to fund an aggregate of £12 million ($15 million) for two development projects as of December 31, 2016.

Loans receivable

Loans Receivable:

Schedule of loans receivable (in thousands)

The following table summarizes the Company’s loans receivable (in thousands):

	December 31,
	2016						2015
	Real Estate		Other				Real Estate		Other
	Secured		Secured		Total		Secured		Secured		Total
Mezzanine(1)(2)	$	—	$	615,188	$	615,188	$	—	$	660,138	$	660,138
Other		195,946		—		195,946		114,322		—		114,322
Unamortized premiums (discounts), fees and costs, net		413		(3,593)		(3,180)		961		(6,678)		(5,717)
Allowance for loan losses		—		—		—		—		—		—
	$	196,359	$	611,595	$	807,954	$	115,283	$	653,460	$	768,743

(1) At December 31, 2016, included £282 million ($348 million) outstanding and £2 million ($3 million) of associated unamortized discounts, fees and costs both related to the HC-One Facility. At December 31, 2015, included £273 million ($403 million) outstanding and £4 million ($5 million) of associated unamortized discounts, fees and costs both related to the HC-One Facility.

(2) At December 31, 2016, the Company had £35 million ($43 million) remaining under its commitments to fund development projects and capital expenditures under it U.K. development projects.

Summary of the Company's internal ratings for loans receivable (dollars in thousands)

The following table summarizes the Company’s internal ratings for loans receivable at December 31, 2016 (dollars in thousands):

			Percentage	Internal Ratings
	Carrying		of Loan	Performing		Watch List		Workout
Investment Type	Amount		Portfolio	Loans		Loans		Loans
Real estate secured	$	196,359	24	$	196,359	$	—	$	—
Other secured		611,595	76		355,130		256,465		—
	$	807,954	100	$	551,489	$	256,465	$	—