At March 31, 2018, we had commitments as follows (in thousands):


						Total
	Investment			2018		Commitment		Remaining
	Commitment			Funding		Funded		Commitment
Real estate properties (Note 2. Real Estate Investments)	$	91,668	(1)	$	9,093	$	47,590	$	44,078
Accrued incentives and earn-out liabilities (2)		23,000			—		—		23,000
Lease incentives and rent abatements (Note 5. Lease Incentives)		6,090			1,388		3,633		2,457
Mortgage loans (Note 2. Real Estate Investments)		58,700	(3)		2,210		19,462		39,238
Joint venture investments (Note 3. Investments in Unconsolidated Joint Ventures)		25,650			380		23,393		2,257
Notes receivable (Note 4. Notes Receivable)		500			—		—		500
Totals	$	205,608		$	13,071	$	94,078	$	111,530

⁽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 months ended March 31, 2018, we recorded non‑cash interest expense of $126 related to these contingent liabilities. At March 31, 2018, the fair value of our contingent payments was $9,041.

⁽³⁾

Represents (1) above and contingent funding upon the borrower achieving certain coverage ratios.