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Loans Receivable (Tables) | 9 Months Ended
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Sep. 30, 2023
Receivables [Abstract] |
Schedule of Loans Receivable | The following table summarizes the Company’s loans receivable (in thousands):
| September 30, 2023 |  | December 31, 2022
Secured loans(1) | $ | 192,187 |  |  | $ | 350,837 |
CCRC resident loans | 42,215 |  |  | 33,083 |
Unamortized discounts and fees | (498) |  |  | (808) |
Reserve for loan losses | (8,023) |  |  | (8,280) |
Loans receivable, net | $ | 225,881 |  |  | $ | 374,832 |
_______________________________________ (1)At September 30, 2023 and December 31, 2022, the Company had $36 million and $40 million, respectively, remaining of commitments to fund additional loans for 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 reserves for loan losses, as of September 30, 2023 (in thousands):
Investment Type |  | Year of Origination |  | Total
| 2023 |  | 2022 |  | 2021(1) |  | 2020 |  | 2019 | Prior |
Secured loans |  |  |  |  |  |  |  |  |  |  |  |  |
Risk rating: |  |  |  |  |  |  |  |  |  |  |  |  |
Performing loans |  | $ | — |  |  | $ | — |  |  | $ | 167,736 |  |  | $ | 15,930 |  |  | $ | — |  | $ | — |  |  | $ | 183,666 |
Watch list loans |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  | — |  |  | — |
Workout loans |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  | — |  |  | — |
Total secured loans |  | $ | — |  |  | $ | — |  |  | $ | 167,736 |  |  | $ | 15,930 |  |  | $ | — |  | $ | — |  |  | $ | 183,666 |
Current period gross write-offs |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  | $ | — |  |  | $ | — |
Current period recoveries |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  | — |  |  | — |
Current period net write-offs |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  | $ | — |  |  | $ | — |
CCRC resident loans |  |  |  |  |  |  |  |  |  |  |  |  |
Risk rating: |  |  |  |  |  |  |  |  |  |  |  |  |
Performing loans |  | $ | 38,701 |  |  | $ | 3,514 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  | $ | — |  |  | $ | 42,215 |
Watch list loans |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  | — |  |  | — |
Workout loans |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  | — |  |  | — |
Total CCRC resident loans |  | $ | 38,701 |  |  | $ | 3,514 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  | $ | — |  |  | $ | 42,215 |
Current period gross write-offs |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  | $ | — |  |  | $ | — |
Current period recoveries |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  | — |  |  | — |
Current period net write-offs |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  | $ | — |  |  | $ | — |
_______________________________________ (1)Additional financing funded on the Sunrise Senior Housing Portfolio Seller Financing (as discussed above) is included in the year of origination of the initial financing.
Schedule of Financing Receivable, Allowance for Credit Loss | The following table summarizes the Company’s reserve for loan losses (in thousands):
| September 30, 2023 |  | December 31, 2022
| Secured Loans |  | Other(1) |  | Total |  | Secured Loans |  | Other(1) |  | Total
Reserve for loan losses, beginning of period | $ | 8,280 |  |  | $ | — |  |  | $ | 8,280 |  |  | $ | 1,804 |  |  | $ | 9 |  |  | $ | 1,813 |
Provision for expected loan losses | 2,539 |  |  | — |  |  | 2,539 |  |  | 6,527 |  |  | 7 |  |  | 6,534 |
Expected loan losses (recoveries) related to loans sold or repaid | (2,796) |  |  | — |  |  | (2,796) |  |  | (51) |  |  | (16) |  |  | (67) |
Reserve for loan losses, end of period | $ | 8,023 |  |  | $ | — |  |  | $ | 8,023 |  |  | $ | 8,280 |  |  | $ | — |  |  | $ | 8,280 |
_______________________________________ (1)Includes CCRC resident loans and other loan activity.

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- Definition Tabular disclosure of allowance for credit loss on financing receivable. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479319/326-20-50-13 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11B -Publisher FASB -URI https://asc.fasb.org//1943274/2147481962/310-10-50-11B + 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 -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479319/326-20-50-5 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 29 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481962/310-10-50-29 + 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 -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.3,4) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 + Details
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