Commitments and Contingencies (Tables)

9 Months Ended

Sep. 30, 2019

Commitments and Contingencies

Schedule of commitments

At September 30, 2019, we had commitments as follows (in thousands):

						Total
	Investment			2019		Commitment		Remaining
	Commitment			Funding		Funded		Commitment
Real estate properties (Note 2. Real Estate Investments)	$	50,647	(1)	$	9,450	$	18,959	$	31,688
Accrued incentives and earn-out liabilities (Note 5. Lease Incentives)		9,000			—		—		9,000
Mortgage loans (Note 2. Real Estate Investments)		56,200	(2)		3,419		22,009		34,191
Joint venture investments (Note 3. Investments in Unconsolidated Joint Ventures)		25,650			394		24,078		1,572
Notes receivable (Note 4. Notes Receivable)		2,850			1,603		1,627		1,223
Total	$	144,347		$	14,866	$	66,673	$	77,674

(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 $35,700 of commitments to expand and renovate the seniors housing and health care properties securing the mortgage loans and $20,500 represents contingent funding upon the borrower achieving certain coverage ratios.