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Loans Receivable (Tables)
9 Months Ended
Sep. 30, 2023
Receivables [Abstract]  
Summary of Real Estate Loans Receivable The following is a summary of our loans receivable (in thousands):
 September 30, 2023December 31, 2022
Mortgage loans$961,268 $707,464 
Other real estate loans238,145 195,566 
Allowance for credit losses on real estate loans receivable(18,148)(12,186)
Real estate loans receivable, net of credit allowance1,181,265 890,844 
Non-real estate loans484,617 441,231 
Allowance for credit losses on non-real estate loans receivable(173,616)(152,063)
Non-real estate loans receivable, net of credit allowance311,001 289,168 
Total loans receivable, net of credit allowance$1,492,266 $1,180,012 
Summary of Real Estate Loan Activity
The following is a summary of our loan activity for the periods presented (in thousands):    
 Nine Months Ended
 September 30, 2023September 30, 2022
Advances on loans receivable$328,554 $133,179 
Less: Receipts on loans receivable68,404 172,380 
Net cash advances (receipts) on loans receivable$260,150 $(39,201)
Summary of Financing Receivable, Allowance for Credit Loss The following is a summary of our loans by credit loss category (in thousands):
September 30, 2023
Loan categoryYears of OriginationLoan Carrying ValueAllowance for Credit LossNet Loan BalanceNo. of Loans
Deteriorated loans2007 - 2023$237,632 $(172,342)$65,290 
Collective loan pool2007 - 2018222,062 (2,952)219,110 13 
Collective loan pool201923,467 (312)23,155 
Collective loan pool202034,411 (457)33,954 
Collective loan pool2021752,268 (10,195)742,073 11 
Collective loan pool2022121,781 (1,619)120,162 18 
Collective loan pool2023292,409 (3,887)288,522 10 
Total loans$1,684,030 $(191,764)$1,492,266 70 
The following is a summary of the allowance for credit losses on loans receivable for the periods presented (in thousands):                            
Nine Months Ended
September 30, 2023September 30, 2022
Balance at beginning of period$164,249 $166,785 
Provision for loan losses, net(1)
6,280 (149)
Purchased deteriorated loan19,077 — 
Reserve for unrecognized interest added to principal2,066 — 
Foreign currency translation92 (1,871)
Balance at end of period$191,764 $164,765 
(1) Excludes the provision for loan loss on held-to-maturity debt securities.