Commitments and Contingencies (Tables)

9 Months Ended

Sep. 30, 2021

Commitments and Contingencies

Schedule of commitments

At September 30, 2021, we had commitments as follows (in thousands):

						Total
	Investment			2021		Commitment		Remaining
	Commitment			Funding		Funded		Commitment
Real estate properties (Note 2. Real Estate Investments)	$	19,670	(1)	$	3,770	$	10,228	$	9,442
Accrued incentives and earn-out liabilities (Note 5. Lease Incentives)		9,130			50		50		9,080
Mortgage loans (Note 2. Real Estate Investments)		21,000	(2)		318		3,699		17,301
Notes receivable (Note 4. Notes Receivable)		1,925			643		1,247		678
Total	$	51,725		$	4,781	$	15,224	$	36,501

(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 $3,000 of commitments to expand and renovate seniors housing and health care properties securing mortgage loans and $18,000 of commitments which are contingent upon the borrower achieving certain coverage ratios.