Real Estate Loans Receivable (Tables)

12 Months Ended

Dec. 31, 2017

Real Estate Loans Receivable (Tables) [Abstract]

Summary of real estate loans receivable

6. Real Estate Loans Receivable

     The following is a summary of our real estate loans receivable (in thousands):

		December 31,
	2017		2016
Mortgage loans	$	374,492	$	485,735
Other real estate loans		121,379		136,893
Totals	$	495,871	$	622,628

Summary of real estate loan activity

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

		Year Ended
		December 31, 2017						December 31, 2016						December 31, 2015
				Outpatient						Outpatient						Outpatient
		Triple-net		Medical		Totals		Triple-net		Medical		Totals		Triple-net		Medical		Totals
Advances on real estate loans receivable:
	Investments in new loans	$	12,091	$	-	$	12,091	$	8,445	$	-	$	8,445	$	530,497	$	-	$	530,497
	Draws on existing loans		71,647		-		71,647		118,788		2,651		121,439		65,614		2,611		68,225
	Net cash advances on real estate loans		83,738		-		83,738		127,233		2,651		129,884		596,111		2,611		598,722
Receipts on real estate loans receivable:
	Loan payoffs		157,912		60,500		218,412		275,439		27,303		302,742		121,778		-		121,778
	Principal payments on loans		1,219		-		1,219		6,867		-		6,867		33,340		-		33,340
	Sub-total		159,131		60,500		219,631		282,306		27,303		309,609		155,118		-		155,118
	Less: Non-cash activity(1)		(63,108)		(60,500)		(123,608)		(45,044)		(15,013)		(60,057)		(23,288)		-		(23,288)
	Net cash receipts on real estate loans		96,023		-		96,023		237,262		12,290		249,552		131,830		-		131,830
Net cash advances (receipts) on real estate loans			(12,285)		-		(12,285)		(110,029)		(9,639)		(119,668)		464,281		2,611		466,892
Change in balance due to foreign currency translation			9,136		-		9,136		(14,086)		-		(14,086)		(4,281)		-		(4,281)
Loan impairments(2)			-		-		-		-		(3,053)		(3,053)		-		-		-
Net change in real estate loans receivable		$	(66,257)	$	(60,500)	$	(126,757)	$	(169,159)	$	(27,705)	$	(196,864)	$	436,712	$	2,611	$	439,323
(1) Primarily represents aquisitions of assets previously financed as a real estate loans. Please see Note 3 for additional information.
(2) Represents a direct write down of an impaired loan receivable.

Summary of allowance for losses on loans receivable

The following is a summary of the allowance for losses on loansreceivable for the periods presented (in thousands):

		Year Ended December 31,
	2017		2016		2015
Balance at beginning of year	$	6,563	$	-	$	-
Provision for loan losses(1)		62,966		6,935		-
Change in present value		(1,157)		(372)		-
Balance at end of year	$	68,372	$	6,563	$	-
(1) Excludes direct write down of an impaired loan receivable in 2016.

Summary of loan impairments

The following is a summary of our loan impairments (in thousands):

		Year Ended December 31,
	2017		2016		2015
Balance of impaired loans at end of year	$	282,882	$	377,549	$	-
Allowance for loan losses		68,372		6,563		-
Balance of impaired loans not reserved	$	214,510	$	370,986	$	-
Average impaired loans for the year	$	330,216	$	188,775	$	10,500
Interest recognized on impaired loans(1)		27,793		8,707		-
(1) Represents cash interest recognized in the period since loans were identified as impaired.