Mortgage And Other Notes Receivable (Tables)

6 Months Ended

Jun. 30, 2020

Mortgage and Other Notes Receivable [Abstract]

Financing Receivable Credit Quality Indicators

The credit quality indicator as of March 31, 2020, is presented below for the amortized cost, net by year of origination ($ in thousands):

	2020		2019		2018		2017		2016		Prior		Total
Mortgages
more than 1.5x	$	1,471	$	8,268	$	169,859	$	—	$	—	$	6,989	$	186,587
between 1.0x and 1.5x	—		3,854		—		—		10,000		—		13,854
below 1.0x	4,000		39,123		—		9,958		—		—		53,081
No coverage available	—		—		—		—		—		—		—
	5,471		51,245		169,859		9,958		10,000		6,989		253,522
Mezzanine
more than 1.5x	—		—		—		—		—		—		—
between 1.0x and 1.5x	—		—		—		—		14,472		—		14,472
below 1.0x	—		—		—		—		13,979		11,875		25,854
No coverage available	—		475		—		—		—		—		475
	—		475		—		—		28,451		11,875		40,801
Revolver
more than 1.5x													—
between 1.0x and 1.5x													10,996
below 1.0x													—
													10,996
									Credit loss reserve				(5,189)
													$	300,130

Schedule of Financing Receivable, Allowance for Credit Loss, Roll Forward

The allowance for expected credit losses for our commercial loans is presented in the following table for the six months ended June 30, 2020 ($ in thousands):

Beginning balance January 1, 2020 (upon adoption of ASU 2016-13)	$	3,900
Provision for expected credit losses	1,289
Balance June 30, 2020	$	5,189

Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]

At June 30, 2020, our construction loans to Bickford are summarized in the following table ($ in thousands):

Commencement	Rate	Maturity	Commitment		Drawn		Location
January 2018	9%	5 years	$	14,000	$	(13,377)	Virginia
July 2018	9%	5 years	14,700		(13,896)		Michigan
June 2020	9%	5 years	14,200		(1,471)		Virginia
			$	42,900	$	(28,744)