Loans Receivable (Tables)

12 Months Ended

Dec. 31, 2016

Receivables [Abstract]

Summary of Loans Receivable

Loans receivable at December 31, 2016 and 2015 are as follows (in thousands):

					Carrying Amount (1)				Contractual Maturity Date
Description	Loan Position		Stated Interest Rate at December 31, 2015		December 31, 2016		December 31, 2015
Jacksonville (2)		Whole Loan		LIBOR + 5%	$	8,400	$	—		07/01/19
Poipu Shopping Village (3)		B-Note		N/A		—		2,769		N/A
Mentor Building (3)		Whole Loan		N/A		—		2,511		N/A
Rockwell (4)		Mezzanine		N/A		—		—		N/A
Churchill (5)		Whole Loan		N/A		—		—		N/A
					$	8,400	$	5,280

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

(2) The loan has an interest rate floor of 6% and an interest rate ceiling of 8%.

(3) The loan was repaid in full during 2016.

(4) The senior lien holder foreclosed on the property on June 2, 2016.

(5) The loan was fully satisfied for a discounted payoff amount of $100 in October 2016.

Activity Related to Loans Receivable

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

	Year Ended			Year Ended
	December 31, 2016			December 31, 2015
Balance at beginning of year	$	5,280		$	24,005
Purchase and advances		9,035			—
Interest received, net		(28	)		(190	)
Repayments/sale proceeds		(5,987	)		(18,535	)
Change in liquidation value		100			—
Balance at end of year	$	8,400		$	5,280

Loans Receivable by Internal Credit Rating

The table below summarizes the Liquidating Trust’s loans receivable by internal credit rating at December 31, 2016 and 2015 (in thousands, except for number of loans):

	December 31, 2016				December 31, 2015
			Liquidation				Liquidation
	Number of		Value of Loans		Number of		Value of Loans
Internal Credit Quality	Loans		Receivable		Loans		Receivable
Greater than zero		1	$	8,400		2	$	5,280
Equal to zero		—		—		1		—
Less than zero		—		—		1		—
		1	$	8,400		4	$	5,280