Loans Receivable (Tables)

12 Months Ended

Dec. 31, 2019

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



	Year Ended December 31,
	2019			2018
Mortgage loans	$	188,062		$	317,443
Other real estate loans	124,696			81,268
Allowance for losses on real estate loans receivable	(42,376		)	(68,372		)
Real estate loans receivable, net of allowance	270,382			330,339
Non real estate loans	362,850			282,443
Allowance for losses on non real estate loans receivable	(25,996		)	—
Non real estate loans receivable, net of allowance⁽¹⁾	336,854			282,443
Total loans receivable, net of allowance	$	607,236		$	612,782

⁽¹⁾ Included in receivables and other assets on the Consolidated Balance Sheets

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



	Year Ended
	December 31, 2019			December 31, 2018			December 31, 2017
Advances on loans receivable:
Investments in new loans	$	46,824		$	77,289		$	61,122
Draws on existing loans	72,875			34,759			40,094
Net cash advances on loans receivable	119,699			112,048			101,216
Receipts on loans receivable:
Loan payoffs	118,703			144,700			181,549
Principal payments on loans	9,003			59,235			33,431
Net cash receipts on loans	127,706			203,935			214,980
Net cash advances (receipts) on loans	$	(8,007	)	$	(91,887	)	$	(113,764	)

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

The following is a summary of our impaired loans (in thousands):



	Year Ended December 31,
	2019			2018			2017
Balance of impaired loans at end of year	$	188,018		$	189,272		$	282,882
Allowance for loan losses	(68,372		)	(68,372		)	(68,372		)
Balance of impaired loans not reserved	$	119,646		$	120,900		$	214,510
Average impaired loans for the year	$	192,728		$	236,077		$	330,216
Interest recognized on impaired loans⁽¹⁾	16,235			17,241			27,793

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