Real Estate Loans Receivable

9 Months Ended

Sep. 30, 2015

Real Estate Loans Receivable [Abstract]

Real Estate Loans Receivable

6. Real Estate Loans Receivable

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

		Nine Months Ended
		September 30, 2015						September 30, 2014
				Outpatient						Outpatient
		Triple-net		Medical		Totals		Triple-net		Medical		Totals
Advances on real estate loans receivable:
	Investments in new loans	$	392,278	$	-	$	392,278	$	10,674	$	-	$	10,674
	Draws on existing loans		51,422		2,285		53,707		50,446		18,144		68,590
	Net cash advances on real estate loans		443,700		2,285		445,985		61,120		18,144		79,264
Receipts on real estate loans receivable:
	Loan payoffs		52,088		-		52,088		24,522		42,036		66,558
	Principal payments on loans		19,023		-		19,023		25,494		52		25,546
	Sub-total		71,111		-		71,111		50,016		42,088		92,104
	Less: Non-cash activity(1)		-		-		-		-		(45,836)		(45,836)
	Net cash receipts on real estate loans		71,111		-		71,111		50,016		(3,748)		46,268
Net cash advances (receipts) on real estate loans			372,589		2,285		374,874		11,104		21,892		32,996
Change in balance due to foreign currency translation			(2,131)		-		(2,131)		(1,085)		-		(1,085)
Net change in real estate loans receivable		$	370,458	$	2,285	$	372,743	$	10,019	$	(23,944)	$	(13,925)
(1) Represents an acquisition of assets previously financed as a real estate loan. Please see Note 3 for additional information.

We recorded no provision for loan losses during the nine months ended September 30, 2015. At September 30, 2015, we had no real estate loans with outstanding balances on non-accrual status and no allowances for loan losses were recorded.