Real Estate Loans Receivable (Tables)

6 Months Ended

Jun. 30, 2018

Mortgage Loans on Real Estate, Commercial and Consumer, Net, (Investment Based Operations Presentation) [Abstract]

Summary of real estate loan activity

	Six Months Ended
	June 30, 2018		June 30, 2017
Balance of impaired loans at end of period	$	214,871	$	289,473
Allowance for loan losses	68,372		5,811
Balance of impaired loans not reserved	$	146,499	$	283,662
Average impaired loans for the period	$	252,172	$	327,324
Interest recognized on impaired loans(1)	8,847		16,464

⁽¹⁾ Represents cash interest recognized in the period since loans were identified as impaired.

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

	Six Months Ended
	June 30, 2018										June 30, 2017
	Triple-net			Seniors Housing Operating		Outpatient Medical		Totals			Triple-net			Outpatient Medical			Totals
Advances on real estate loans receivable:
Investments in new loans	$	8,281		$	11,806	$	7,022	$	27,109		$	10,037		$	—		$	10,037
Draws on existing loans	21,182			—		—		21,182			40,680			—			40,680
Net cash advances on real estate loans	29,463			11,806		7,022		48,291			50,717			—			50,717
Receipts on real estate loans receivable:
Loan payoffs	58,557			—		—		58,557			97,039			60,500			157,539
Principal payments on loans	32,870			—		—		32,870			798			—			798
Sub-total	91,427			—		—		91,427			97,837			60,500			158,337
Less: Non-cash activity(1)	—			—		—		—			(61,337		)	(60,500		)	(121,837		)
Net cash receipts on real estate loans	91,427			—		—		91,427			36,500			—			36,500
Net cash advances (receipts) on real estate loans	$	(61,964	)	$	11,806	$	7,022	$	(43,136	)	$	14,217		$	—		$	14,217

⁽¹⁾ Triple-net represents acquisitions of assets previously financed as real estate loans. Please see Note 3 for additional information. Outpatient medical represents a deed in lieu of foreclosure on a previously financed first mortgage property.