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v3.22.2.2

Commitments and Contingencies (Tables) | 9 Months Ended
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Sep. 30, 2022
Commitments and Contingencies |
Schedule of commitments | At September 30, 2022, we had commitments as follows (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Total | ​ | ​ | ​
​ | ​ | Investment | ​ | 2022 | ​ | Commitment | ​ | Remaining
​ | ​ | Commitment | ​ | Funding | ​ | Funded | ​ | Commitment
Real estate properties (Note 2. Real Estate Investments) | ​ | $ | 21,038 | (1) | $ | 3,054 | ​ | $ | 4,692 | ​ | $ | 16,346
Accrued incentives and earn-out liabilities (Note 5. Lease Incentives) | ​ | ​ | 12,000 | (2) | ​ | — | ​ | ​ | — | ​ | ​ | 12,000
Mortgage loans (Note 2. Real Estate Investments) | ​ | ​ | 32,507 | (3) | ​ | 2,187 | ​ | ​ | 5,928 | ​ | ​ | 26,579
Notes receivable (Note 4. Notes Receivable) | ​ | ​ | 27,541 | ​ | ​ | 12,008 | ​ | ​ | 15,778 | ​ | ​ | 11,763
Total | ​ | $ | 93,086 | ​ | $ | 17,249 | ​ | $ | 26,398 | ​ | $ | 66,688
(1) | Represents commitments to purchase land and improvements, if applicable, and to develop, re-develop, renovate or expand seniors housing and skilled nursing properties.
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(2) | Includes an earn-out payment of up to $3,000 to an operator under a master lease on four skilled nursing centers in Texas which were acquired during the nine months ended September 30, 2022. The master lease provides either an earn-out payment up to $3,000 or a purchase option. The earn-out payment is available, contingent on achieving certain thresholds per the lease, beginning at the end of the second lease year through the end of the fifth lease year. If neither option is elected within the timeframe defined in the lease, both elections are terminated.
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(3) | Represents $14,507 of commitments for the expansion, renovation and working capital related to seniors housing and skilled nursing properties securing the mortgage loans and $18,000 of commitments which are contingent upon the borrower achieving certain coverage ratios.

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- Definition Tabular disclosure of information about obligations resulting from other commitments. + References No definition available. + Details
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