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Loans Receivable (Tables)
 3 Months Ended
Mar. 31, 2022
Receivables [Abstract]  
Schedule of Loans Receivable
The following table summarizes the Company’s loans receivable (in thousands):
 March 31,
2022		December 31, 2021
Secured loans(1)
$388,746 $396,281 
Mezzanine and other26,252 25,529 
Unamortized discounts, fees, and costs(3,301)(4,186)
Reserve for loan losses(1,944)(1,813)
Loans receivable, net$409,753 $415,811 
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(1)At March 31, 2022, the Company had $49 million remaining of commitments to fund additional loans for senior housing redevelopment and capital expenditure projects. At December 31, 2021, the Company had $58 million remaining of commitments to fund additional loans for senior housing redevelopment and capital expenditure projects.
Schedule of Financing Receivable Credit Quality Indicators and by Year of Origination
The following table summarizes, by year of origination, the Company’s internal ratings for loans receivable, net of unamortized discounts, fees, and reserves for loan losses, as of March 31, 2022 (in thousands):
Investment TypeYear of OriginationTotal
20222021202020192018Prior
Secured loans
Risk rating:
Performing loans$— $301,796 $79,512 $2,199 $— $— $383,507 
Watch list loans— — — — — — — 
Workout loans— — — — — — — 
Total secured loans$— $301,796 $79,512 $2,199 $— $— $383,507 
Mezzanine and other
Risk rating:
Performing loans$12,521 $12,284 $1,441 $— $— $— $26,246 
Watch list loans— — — — — — — 
Workout loans— — — — — — — 
Total mezzanine and other$12,521 $12,284 $1,441 $— $— $— $26,246 
Schedule of Financing Receivable, Allowance for Credit Loss
The following table summarizes the Company’s reserve for loan losses (in thousands):
 March 31, 2022December 31, 2021
 Secured LoansMezzanine and OtherTotalSecured LoansMezzanine and OtherTotal
Reserve for loan losses, beginning of period$1,804 $9 $1,813 $3,152 $7,128 $10,280 
Provision for expected loan losses134 (3)131 793 896 1,689 
Expected loan losses related to loans sold or repaid(1)
— — — (2,141)(8,015)(10,156)
Reserve for loan losses, end of period$1,938 $6 $1,944 $1,804 $9 $1,813 
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(1)Includes six loans sold or repaid during the year ended December 31, 2021.