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Commitments and Contingencies (Tables)
 6 Months Ended
Jun. 30, 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)

 

$

64,974

(1)

$

7,799

 

$

24,579

 

$

40,395

 

Accrued incentives and earn-out liabilities (2)

 

 

14,000

 

 

 —

 

 

 —

 

 

14,000

 

Lease incentives

 

 

6,560

 

 

1,623

 

 

3,723

 

 

2,837

 

Mortgage loans (See Note 2)

 

 

51,000

(1)

 

7,829

 

 

13,167

 

 

37,833

 

Joint venture investments (See Note 3)

 

 

25,650

 

 

988

 

 

22,900

 

 

2,750

 

Notes receivable (See Note 4)

 

 

700

 

 

 —

 

 

 —

 

 

700

 

Totals

 

$

162,884

 

$

18,239

 

$

64,369

 

$

98,515

 

(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 and six months ended June 30, 2017, we recorded non‑cash interest expense of $125 and $351, respectively, related to these contingent liabilities and the fair value of our contingent payments was $12,140 at June 30, 2017.