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Loans Receivable (Tables) | 9 Months Ended
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Sep. 30, 2020
Receivables [Abstract] |
Schedule of Loans Receivable | The following table summarizes the Company’s loans receivable (in thousands):
| September 30, 2020 |  |  | December 31, 2019 |  |  |  |
Secured mortgage loans(1) | $ | 212,393 |  |  |  | $ | 161,964 |  |  |  |  |
Mezzanine and other | 52,052 |  |  |  | 27,752 |  |  |  |  |
Unamortized discounts, fees, and costs | 887 |  |  |  | 863 |  |  |  |  |
Reserve for loan losses | (11,547) |  |  |  | — |  |  |  |  |
Loans receivable including loans receivable held for sale | 253,785 |  |  |  | 190,579 |  |  |  |  |
Loans receivable held for sale | (22,623) |  |  |  | — |  |  |  |  |
Loans receivable, net | $ | 231,162 |  |  |  | $ | 190,579 |  |  |  |  |
_______________________________________ (1)At September 30, 2020, the Company had $14 million remaining of commitments to fund $196 million of senior housing development and redevelopment projects. At December 31, 2019, the Company had $25 million remaining of commitments to fund $174 million of senior housing development and redevelopment projects.
Schedule of Financing Receivable Credit Quality Indicators and by Year of Origination | The following table summarizes the Company’s internal ratings for DFLs at September 30, 2020 (dollars in thousands):
|  | Carrying Amount |  | Percentage of DFL Portfolio |  | Internal Ratings
Segment |  |  |  | Performing DFLs |  | Watch List DFLs |  | Workout DFLs
Other non-reportable segments |  | $ | 44,706 |  |  | 100 |  | $ | 44,706 |  |  | $ | — |  |  | $ | — |
|  | $ | 44,706 |  |  | 100 |  | $ | 44,706 |  |  | $ | — |  |  | $ | — |
The following table summarizes, by year of origination, the Company’s internal ratings for loans receivables, net of reserves for loan losses, as of September 30, 2020 (dollars in thousands):
Investment Type |  | Year of Origination |  | Total
| 2020 |  | 2019 |  | 2018 |  | 2017 |  | 2016 |
Secured mortgage loans(1) |  |  |  |  |  |  |  |  |  |  |  |
Risk rating: |  |  |  |  |  |  |  |  |  |  |  |
Performing loans |  | $ | 36,805 |  |  | $ | 58,998 |  |  | $ | — |  |  | $ | 114,459 |  |  | $ | — |  |  | $ | 210,262 |
Watch list loans |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Workout loans |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total secured mortgage loans |  | $ | 36,805 |  |  | $ | 58,998 |  |  | $ | — |  |  | $ | 114,459 |  |  | $ | — |  |  | $ | 210,262 |
Mezzanine and other(1) |  |  |  |  |  |  |  |  |  |  |  |
Risk rating: |  |  |  |  |  |  |  |  |  |  |  |
Performing loans |  | $ | 18,966 |  |  | $ | 14,243 |  |  | $ | — |  |  | $ | — |  |  | $ | 8,453 |  |  | $ | 41,662 |
Watch list loans |  | — |  |  | — |  |  | — |  |  | 1,861 |  |  | — |  |  | 1,861 |
Workout loans |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total mezzanine and other |  | $ | 18,966 |  |  | $ | 14,243 |  |  | $ | — |  |  | $ | 1,861 |  |  | $ | 8,453 |  |  | $ | 43,523 |
_______________________________________ (1)Includes loans receivable held for sale.
Schedule of Financing Receivable, Allowance for Credit Loss | The following table summarizes the Company’s reserve for loan losses at September 30, 2020 (in thousands):
| September 30, 2020
| Secured Mortgage Loans |  | Mezzanine and Other |  | Total
Reserve for loan losses, December 31, 2019 | $ | — |  |  | $ | — |  |  | $ | — |
Cumulative-effect of adopting of ASU 2016-13 to beginning retained earnings | 513 |  |  | 907 |  |  | 1,420 |
Provision for expected loan losses | 1,851 |  |  | 8,276 |  |  | 10,127 |
Reserve for loan losses, September 30, 2020 | $ | 2,364 |  |  | $ | 9,183 |  |  | $ | 11,547 |

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- Definition Tabular disclosure of allowance for credit loss on financing receivable. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11B -URI http://asc.fasb.org/extlink&oid=121611835&loc=SL6953423-111524 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 50 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=121599337&loc=SL82919249-210447 + Details
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- Definition Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=121599337&loc=SL82919230-210447 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=121611835&loc=SL6953659-111524 + Details
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- Definition Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.3,4) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
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