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Loans Receivable (Tables) | 9 Months Ended
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Sep. 30, 2021
Receivables [Abstract] |
Schedule of Loans Receivable | The following table summarizes the Company’s loans receivable (in thousands):
| September 30, 2021 |  | December 31, 2020
Secured loans(1) | $ | 395,303 |  |  | $ | 161,530 |
Mezzanine and other | 23,701 |  |  | 44,347 |
Unamortized discounts, fees, and costs | (5,215) |  |  | (222) |
Reserve for loan losses | (2,727) |  |  | (10,280) |
Loans receivable, net | $ | 411,062 |  |  | $ | 195,375 |
_______________________________________ (1)At September 30, 2021, the Company had $59 million remaining of commitments to fund senior housing redevelopment and capital expenditure projects. At December 31, 2020, the Company had $11 million remaining of commitments to fund senior housing redevelopment and capital expenditure projects.
Schedule of Financing Receivable Credit Quality Indicators and by Year of Origination | The following table summarizes, by year of origination, the Company’s internal ratings for loans receivable, net of unamortized discounts, fees, and costs and reserves for loan losses, as of September 30, 2021 (in thousands):
Investment Type |  | Year of Origination |  | Total
| 2021 |  | 2020 |  | 2019 |  | 2018 |  | 2017 | Prior |
Secured loans |  |  |  |  |  |  |  |  |  |  |  |  |
Risk rating: |  |  |  |  |  |  |  |  |  |  |  |  |
Performing loans |  | $ | 308,504 |  |  | $ | 76,749 |  |  | $ | 2,122 |  |  | $ | — |  |  | $ | — |  | $ | — |  |  | $ | 387,375 |
Watch list loans |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  | — |  |  | — |
Workout loans |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  | — |  |  | — |
Total secured loans |  | $ | 308,504 |  |  | $ | 76,749 |  |  | $ | 2,122 |  |  | $ | — |  |  | $ | — |  | $ | — |  |  | $ | 387,375 |
Mezzanine and other |  |  |  |  |  |  |  |  |  |  |  |  |
Risk rating: |  |  |  |  |  |  |  |  |  |  |  |  |
Performing loans |  | $ | 21,808 |  |  | $ | 1,777 |  |  | $ | 102 |  |  | $ | — |  |  | $ | — |  | $ | — |  |  | $ | 23,687 |
Watch list loans |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  | — |  |  | — |
Workout loans |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  | — |  |  | — |
Total mezzanine and other |  | $ | 21,808 |  |  | $ | 1,777 |  |  | $ | 102 |  |  | $ | — |  |  | $ | — |  | $ | — |  |  | $ | 23,687 |
Schedule of Financing Receivable, Allowance for Credit Loss | The following table summarizes the Company’s reserve for loan losses (in thousands):
| September 30, 2021 |  | December 31, 2020
| Secured Loans |  | Mezzanine and Other |  | Total |  | Secured Loans |  | Mezzanine and Other |  | Total
Reserve for loan losses, beginning of period | $ | 3,152 |  |  | $ | 7,128 |  |  | $ | 10,280 |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Cumulative-effect of adopting of ASU 2016-13 to beginning retained earnings | — |  |  | — |  |  | — |  |  | 513 |  |  | 907 |  |  | 1,420 |
Expected loan losses related to loans sold or repaid(1) | (1,643) |  |  | (8,015) |  |  | (9,658) |  |  | (259) |  |  | (8,135) |  |  | (8,394) |
Expected loan losses related to loans transferred to held for sale(2) | (498) |  |  | — |  |  | (498) |  |  | — |  |  | — |  |  | — |
Provision for expected loan losses | 1,702 |  |  | 901 |  |  | 2,603 |  |  | 2,898 |  |  | 14,356 |  |  | 17,254 |
Reserve for loan losses, end of period | $ | 2,713 |  |  | $ | 14 |  |  | $ | 2,727 |  |  | $ | 3,152 |  |  | $ | 7,128 |  |  | $ | 10,280 |
_______________________________________ (1)Includes five loans sold or repaid during the nine months ended September 30, 2021 and three loans sold or repaid during the year ended December 31, 2020. (2)Includes one loan held for sale at September 30, 2021.

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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=123577603&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=124255953&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=124255953&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=123577603&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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