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Commitments and Contingencies (Tables)
 6 Months Ended
Jun. 30, 2016
Commitments and Contingencies  
Schedule of commitments

At June 30, 2016, we had commitments as follows (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

 

 

    

 

 

    

Total

    

 

 

    

 

 

Investment

 

2016

 

Commitment

 

Remaining

 

 

    

Commitment

    

Funding

    

Funded

    

Commitment

 

Real estate properties (See Note 2)

 

$
99,152

(1)

$
27,400

 

$
60,523

 

$
38,629

 

Accrued incentives and earn-out liabilities (2)

 

 
18,600

 

 
1,434

 

 
2,239

 

 
16,361

 

Lease incentives

 

 
6,202

 

 
593

 

 
1,048

 

 
5,154

 

Mortgage loans (See Note 2)

 

 
63,490

(1)

 
3,879

 

 
14,142

 

 
49,348

 

Joint venture investments (See Note 3)

 

 
25,650

 

 
480

 

 
20,623

 

 
5,027

 

Notes receivable (See Note 4)

 

 
2,525

 

 
122

 

 
297

 

 
2,228

 

Totals

 

$
215,619

 

$
33,908

 

$
98,872

 

$
116,747

 

(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)

During the three and six months ended June 30, 2016, we recorded non‑cash interest expense of $315,000 related to these contingent liabilities and the fair value of our contingent payments was $13,717,000 at June 30, 2016.