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Commitments and Contingencies (Tables) | 9 Months Ended
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Sep. 30, 2018
Commitments and Contingencies |
Schedule of commitments | At September 30, 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) |  | $ | 77,882 | (1) | $ | 17,973 |  | $ | 35,417 |  | $ | 42,465
Accrued incentives and earn-out liabilities |  |  | 23,000 | (3) |  | — |  |  | — |  |  | 23,000
Mortgage loans (Note 2. Real Estate Investments) |  |  | 65,700 | (2) |  | 6,005 |  |  | 23,256 |  |  | 42,444
Joint venture investments (Note 3. Investments in Unconsolidated Joint Ventures) |  |  | 25,650 |  |  | 580 |  |  | 23,594 |  |  | 2,056
Notes receivable (Note 4. Notes Receivable) |  |  | 700 |  |  | 50 |  |  | 50 |  |  | 650
Total |  | $ | 192,932 |  | $ | 24,608 |  | $ | 82,317 |  | $ | 110,615
| (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) |  | $39,700 represents commitments to expand and renovate the seniors housing and health care properties securing the mortgage loans and $26,000 represents contingent funding upon the borrower achieving certain coverage ratios.
| (3) |  | Subsequent to September 30, 2018, we entered into an amended master lease agreement with Senior Lifestyle. Among the provisions of the amendment, the contingent lease incentive payable to Senior Lifestyle was removed. Therefore, subsequent to September 30, 2018, we wrote-off the Senior Lifestyle contingent lease incentive of $6,219 and the related earn-out liability of $9,292 which will result in income of approximately $3,000.

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