Real Estate Loans Receivable

3 Months Ended

Mar. 31, 2013

Real Estate Loans Receivable [Abstract]

6. Real Estate Loans Receivable

The following is a summary of our real estate loan activity for the periods presented (in thousands):

		Three Months Ended
		March 31, 2013								March 31, 2012
		Seniors						Seniors
		Housing		Medical				Housing		Medical
		Triple-net		Facilities		Totals		Triple-net		Facilities		Totals
Advances on real estate loans receivable:
	Investments in new loans	$	416	$	0	$	416	$	0	$	0	$	0
	Draws on existing loans		10,271		1,284		11,555		10,467		194		10,661
	Net cash advances on real estate loans		10,687		1,284		11,971		10,467		194		10,661
Receipts on real estate loans receivable:
	Loan payoffs		42,865		0		42,865		0		0		0
	Principal payments on loans		6,343		718		7,061		3,689		612		4,301
	Total receipts on real estate loans		49,208		718		49,926		3,689		612		4,301
Net advances (receipts) on real estate loans		$	(38,521)	$	566	$	(37,955)	$	6,778	$	(418)	$	6,360

We recorded no provision for loan losses during the three months ended March 31, 2013. At March 31, 2013, we had real estate loans with outstanding balances of $4,230,000 on non-accrual status with an allowance for loan losses of $0.

- Definition

The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses.

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