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Loans Receivable (Tables)
 12 Months Ended
Dec. 31, 2021
Receivables [Abstract]  
Summary Of Real Estate Loans Receivable The following is a summary of our loans receivable (in thousands):
 Year Ended December 31,
 20212020
Mortgage loans$889,556 $299,430 
Other real estate loans194,477 152,739 
Allowance for credit losses on real estate loans receivable(15,352)(8,797)
Real estate loans receivable, net of credit allowance1,068,681 443,372 
Non-real estate loans375,060 455,508 
Allowance for credit losses on non-real estate loans receivable(151,433)(215,239)
Non-real estate loans receivable, net of credit allowance(1)
223,627 240,269 
Total loans receivable, net of credit allowance$1,292,308 $683,641 
 (1) Included in receivables and other assets on the Consolidated Balance Sheets.
Summary Of Real Estate Loan Activity
The following is a summary of our loan activity for the periods presented (in thousands):
 Year Ended
 December 31, 2021December 31, 2020December 31, 2019
Advances on loans receivable:   
Investments in new loans$975,018 $224,078 $46,824 
Draws on existing loans22,431 23,465 72,875 
Net cash advances on loans receivable997,449 247,543 119,699 
Receipts on loans receivable:
Loan payoffs266,822 15,677 118,703 
Principal payments on loans76,438 15,871 9,003 
Net cash receipts on loans receivable343,260 31,548 127,706 
Net cash advances (receipts) on loans receivable$654,189 $215,995 $(8,007)
Financing Receivable, Allowance for Credit Loss
The following is a summary of our loans by credit loss category (in thousands):
December 31, 2021
Loan categoryYears of OriginationLoan Carrying ValueAllowance for Credit LossNet Loan BalanceNo. of Loans
Deteriorated loans 2007 - 2018 $178,369 $(148,438)$29,931 3
Collective loan pool 2007 - 2016 205,380 (3,097)202,283 17
Collective loan pool 2017 34,397 (519)33,878 7
Collective loan pool 2018 23,322 (351)22,971 2
Collective loan pool 201922,083 (333)21,750 4
Collective loan pool 202048,712 (734)47,978 6
Collective loan pool2021946,830 (13,313)933,517 22
Total loans$1,459,093 $(166,785)$1,292,308 61 
The following is a summary of the allowance for credit losses on loans receivable for the periods presented (in thousands):
 Year Ended December 31,
 202120202019
Balance at beginning of year$224,036 $68,372 $68,372 
Adoption of ASU 2016-13— 5,212 — 
Provision for loan losses7,270 94,436 18,690 
Loan write-offs(1)
(64,075)(7,000)(18,690)
Foreign currency translation(446)197 — 
Reclassification of deferred gain as credit loss(2)
— 62,819 — 
Balance at end of year$166,785 $224,036 $68,372 
(1) Includes $64,075,000 related to the Genesis lease terminations for the twelve months ended December 31, 2021. See Note 9 for further details.
(2) During the year ended December 31, 2020, two loans receivable originated in 2016 to Genesis with an aggregate carrying value of $62,753,000 were transferred to the deteriorated loan pool. In addition, deferred gains of $62,819,000 previously recorded in accrued expenses and other liabilities were reclassified to the allowance for credit losses.
Summary of Impaired Loans
The following is a summary of our deteriorated loans (in thousands):
 Year Ended December 31,
 202120202019
Balance of deteriorated loans at end of year(1)
$178,369 $242,319 $188,018 
Allowance for credit losses(148,438)(212,514)(68,372)
Balance of deteriorated loans not reserved$29,931 $29,805 $119,646 
Interest recognized on deteriorated loans(2)
$3,185 $18,937 $16,235 
(1) Balances include $2,157,000, $3,623,000 and $2,534,000 of loans on non-accrual as of December 31, 2021, 2020 and 2019, respectively.
(2) Represents cash interest recognized in the period.