XML 38 R27.htm IDEA: XBRL DOCUMENT v3.19.1
Commitments and Contingencies (Tables)
 3 Months Ended
Mar. 31, 2019
Commitments and Contingencies  
Schedule of commitments

At March 31, 2019, we had commitments as follows (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

 

 

 

 

Investment

 

2019

 

Commitment

 

Remaining

 

 

Commitment

 

Funding

 

Funded

 

Commitment

Real estate properties (Note 2. Real Estate Investments)

 

$

77,882

(1)

$

7,216

 

$

53,003

 

$

24,879

Accrued incentives and earn-out liabilities

 

 

9,000

 

 

 —

 

 

 —

 

 

9,000

Mortgage loans (Note 2. Real Estate Investments)

 

 

64,200

(2)

 

1,454

 

 

20,045

 

 

44,155

Joint venture investments (Note 3. Investments in Unconsolidated Joint Ventures)

 

 

25,650

 

 

293

 

 

23,976

 

 

1,674

Notes receivable (Note 4. Notes Receivable)

 

 

300

 

 

14

 

 

39

 

 

261

Total

 

$

177,032

 

$

8,977

 

$

97,063

 

$

79,969

(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)

Represents $35,700 of commitments to expand and renovate the seniors housing and health care properties securing the mortgage loans and $28,500 represents contingent funding upon the borrower achieving certain coverage ratios.