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Commitments and Contingencies (Tables)
 9 Months Ended
Sep. 30, 2017
Commitments and Contingencies  
Schedule of commitments

At September 30, 2017, we had commitments as follows (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

 

 

    

 

 

    

Total

    

 

 

    

 

 

Investment

 

2017

 

Commitment

 

Remaining

 

 

    

Commitment

    

Funding

    

Funded

    

Commitment

 

Real estate properties (See Note 2. Real Estate Investments)

 

$

60,274

(1)

$

12,120

 

$

28,456

 

$

31,818

 

Accrued incentives and earn-out liabilities (2)

 

 

14,000

 

 

 —

 

 

 —

 

 

14,000

 

Lease incentives

 

 

7,113

 

 

438

 

 

438

 

 

6,675

 

Mortgage loans (See Note 2.Real Estate Investments)

 

 

51,000

(1)

 

9,333

 

 

14,672

 

 

36,328

 

Joint venture investments (See Note 3. Investments in Unconsolidated Joint Ventures)

 

 

25,650

 

 

1,101

 

 

23,014

 

 

2,636

 

Notes receivable (See Note 4. Notes Receivable)

 

 

500

 

 

 —

 

 

 —

 

 

500

 

Totals

 

$

158,537

 

$

22,992

 

$

66,580

 

$

91,957

 

(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 nine months ended September 30, 2017, we recorded non‑cash interest expense of $125 and $476, respectively, related to these contingent liabilities.  At September 30, 2017, the fair value of our contingent payments was $8,790.