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Commitments, Contingencies and Uncertainties (Tables) | 12 Months Ended
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Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract] |
Schedule of Loan Commitments | The tables below summarize our existing, known commitments and contingencies as of December 31, 2023 according to the nature of their impact on our leasehold or loan portfolios ($ in thousands):
| Asset Class |  | Type |  | Total |  | Funded |  | Remaining
Loan Commitments: |  |  |  |  |  |  |  |  |
Encore Senior Living | SHO |  | Construction |  | $ | 50,725 |  |  | $ | (49,846) |  |  | $ | 879 |
Senior Living | SHO |  | Revolving Credit |  | 20,000 |  |  | (16,250) |  |  | 3,750 |
Timber Ridge OpCo | SHO |  | Working Capital |  | 5,000 |  |  | — |  |  | 5,000 |
Watermark Retirement | SHO |  | Working Capital |  | 5,000 |  |  | (2,976) |  |  | 2,024 |
Montecito Medical Real Estate | MOB |  | Mezzanine Loan |  | 50,000 |  |  | (20,255) |  |  | 29,745 |
|  |  |  |  | $ | 130,725 |  |  | $ | (89,327) |  |  | $ | 41,398 |
Schedule of Off Balance Sheet, Credit Loss, Liability, Roll Forward | The liability for expected credit losses on our unfunded loans reflected in “Accounts payable and accrued expenses” on the Consolidated Balance Sheets as of December 31, 2023 and 2022 is presented in the following table for the year ended December 31, 2023 ($ in thousands):
Balance at December 31, 2022 | $ | 683 |
Provision for expected credit losses | (404) |
Balance at December 31, 2023 | $ | 279 |
Schedule of Lease Commitments |
| Asset Class |  | Type |  | Total |  | Funded |  | Remaining
Development Commitments: |  |  |  |  |  |  |  |  |
Woodland Village | SHO |  | Renovation |  | $ | 7,515 |  |  | $ | (7,425) |  |  | $ | 90 |
Navion Senior Solutions | SHO |  | Renovation |  | 3,500 |  |  | (2,059) |  |  | 1,441 |
Vizion Health | SHO |  | Renovation |  | 2,000 |  |  | (250) |  |  | 1,750 |
SHOP | ILF |  | Renovation |  | 1,500 |  |  | (1,221) |  |  | 279 |
|  |  |  |  | $ | 14,515 |  |  | $ | (10,955) |  |  | $ | 3,560 |
Schedule of Loss Contingencies by Contingency | As of December 31, 2023, we had the following contingent lease inducement commitments which are generally based on the performance of facility operations and may or may not be met by the tenant ($ in thousands):
| Asset Class |  | Total |  | Funded |  | Remaining
Contingencies (Lease Inducements): |  |  |  |  |  |  |
IntegraCare | SHO |  | $ | 750 |  |  | — |  |  | $ | 750 |
Navion Senior Solutions | SHO |  | 4,850 |  |  | (2,700) |  |  | 2,150 |
Discovery | SHO |  | 4,000 |  |  | — |  |  | 4,000 |
Ignite Medical Resorts | SNF |  | 2,000 |  |  | — |  |  | 2,000 |
|  |  | $ | 11,600 |  |  | $ | (2,700) |  |  | $ | 8,900 |

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