Real Estate Mortgages Receivable

9 Months Ended

Sep. 30, 2013

Real Estate Mortgages Receivable

Real Estate Mortgages Receivable

Note 7.  Real Estate Mortgages Receivable

We provided mortgage financing totaling $7,688 at 6.0% per annum in connection with three suburban office and industrial properties (18 buildings) sold in January 2013.  This real estate mortgage requires monthly interest payments and matures on January 24, 2023.  In addition, in September 2013, another borrower prepaid to us in full a $1,000 real estate mortgage that was scheduled to mature on July 1, 2017.  As of September 30, 2013 and December 31, 2012, we had total real estate mortgages receivable with an aggregate carrying value of $8,107 and $1,419, respectively, included in other assets in our condensed consolidated balance sheets.