Notes Receivable Backed by Real Estate (Tables)

12 Months Ended

Dec. 31, 2017

Receivables [Abstract]

Summary of Notes Receivable Backed by Real Estate

The following table summarizes information about our notes receivable backed by real estate (dollars in thousands):

	Balance Outstanding			Interest Rates	Maturity Dates
Balance at January 1, 2016	$	235,050		2.0% – 10.0%	February 2016 – April 2017
Additions		-
Repayments		(202,950	)
Balance at December 31, 2016		32,100		5.8% – 10.0%	April 2017 – December 2017
Additions (1)		53,796
Repayments		(32,100	)
Assumption by USLF (1)		(19,536	)
Balance at December 31, 2017	$	34,260		3.5%	March 2018

(1) In 2017, we received a note receivable backed by real estate through a property disposition. Subsequently, this note was assumed through the contribution of operating properties to USLF.