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Commitments and Contingencies (Tables)
 3 Months Ended
Mar. 31, 2017
Commitments and Contingencies  
Schedule of commitments

September 30, 2016, we had commitments as follows (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

 

 

    

 

 

    

Total

    

 

 

    

 

 

Investment

 

2017

 

Commitment

 

Remaining

 

 

    

Commitment

    

Funding

    

Funded

    

Commitment

 

Real estate properties (See Note 2)

 

$

66,224

(1)

$

3,501

 

$

20,905

 

$

45,319

 

Accrued incentives and earn-out liabilities (2)

 

 

14,600

 

 

 —

 

 

 —

 

 

14,600

 

Lease incentives

 

 

8,808

 

 

3,035

 

 

5,817

 

 

2,991

 

Mortgage loans (See Note 2)

 

 

51,000

(1)

 

4,384

 

 

9,722

 

 

41,278

 

Joint venture investments (See Note 3)

 

 

29,050

 

 

914

 

 

22,827

 

 

6,223

 

Notes receivable (See Note 4)

 

 

200

 

 

 —

 

 

 —

 

 

200

 

Totals

 

$

169,882

 

$

11,834

 

$

59,271

 

$

110,611

 

(1)

Represents commitments to purchase land and improvements, if applicable, and to develop, re-develop, renovate or expand seniors housing and health care properties.

 

(2)

During the three months ended March 31, 2017, we recorded non‑cash interest expense of $226 related to these contingent liabilities and the fair value of our contingent payments was $12,015 at March 31, 2017.