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Commitments and Contingencies
6 Months Ended
Jun. 30, 2018
Commitments and Contingencies  
Commitments and Contingencies

8.Commitments and Contingencies

At June 30, 2018, we had commitments as follows (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

 

 

 

 

Investment

 

2018

 

Commitment

 

Remaining

 

 

Commitment

 

Funding

 

Funded

 

Commitment

Real estate properties (Note 2. Real Estate Investments)

 

$

92,971

(1)

$

17,847

 

$

42,846

 

$

50,125

Accrued incentives and earn-out liabilities

 

 

23,000

 

 

 —

 

 

 —

 

 

23,000

Lease incentives and rent abatements (Note 5. Lease Incentives)

 

 

7,380

 

 

2,546

 

 

4,791

 

 

2,589

Mortgage loans (Note 2. Real Estate Investments)

 

 

58,700

(2)

 

4,254

 

 

21,505

 

 

37,195

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

 

 

25,650

 

 

497

 

 

23,511

 

 

2,139

Notes receivable (Note 4. Notes Receivable)

 

 

500

 

 

 —

 

 

 —

 

 

500

Total

 

$

208,201

 

$

25,144

 

$

92,653

 

$

115,548


(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)

Represents commitments to expand and renovate and contingent funding upon the borrower achieving certain coverage ratios.

We are a party from time to time to various general and professional liability claims and lawsuits asserted against the lessees or borrowers of our properties, which in our opinion are not singularly or in the aggregate material to our results of operations or financial condition. These types of claims and lawsuits may include matters involving general or professional liability, which we believe under applicable legal principles are not our responsibility as a non-possessory landlord or mortgage holder. We believe that these matters are the responsibility of our lessees and borrowers pursuant to general legal principles and pursuant to insurance and indemnification provisions in the applicable leases or mortgages. We intend to continue to vigorously defend such claims.