Loans Receivable (Tables)

3 Months Ended

Mar. 31, 2016

Receivables [Abstract]

Summary of Trust's Loans Receivable

The Trust’s loans receivable at March 31, 2016 and December 31, 2015 are as follows (in thousands):

			Carrying Amount (1)				Contractual Maturity Date
Description	Loan Position	Stated Interest Rate March 31, 2016	March 31, 2016		December 31, 2015
Rockwell	Mezzanine	12.0%	$	—	$	—		05/01/16
Churchill	Whole Loan	LIBOR + 3.75%		—		—		08/01/16
Poipu Shopping Village	B-Note	6.62%		2,760		2,769		01/06/17
Mentor Building	Whole Loan	10.0%		2,511		2,511		09/10/17
			$	5,271	$	5,280

(1) The carrying amount represents the estimated amount expected to be collected on disposition of the loan plus contractual interest receivable.

Activity Related to Loans Receivable

Activity related to loans receivable is as follows (in thousands):

	Three Months Ended			Three Months Ended
	March 31, 2016			March 31, 2015
Balance at beginning of period	$	5,280		$	24,005
Interest (received) accrued, net		—			(189	)
Repayments		(9	)		(15,352	)
Balance at end of period	$	5,271		$	8,464