Mortgage And Other Notes Receivable (Tables)

3 Months Ended

Mar. 31, 2024

Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]

Schedule of Financing Receivable Credit Quality Indicators

The credit quality indicator as of March 31, 2024 is presented below for the amortized cost, net by year of origination ($ in thousands):

	2024		2023		2022		2021		2020		Prior		Total
Mortgages
more than 1.5x	$	—	$	—	$	70,278	$	—	$	22,367	$	35,232	$	127,877
between 1.0x and 1.5x	14,855		930		—		—		—		6,423		22,208
less than 1.0x	—		620		—		—		—		14,700		15,320
	14,855		1,550		70,278		—		22,367		56,355		165,405
Mezzanine
more than 1.5x	—		506		—		14,520		—		—		15,026
between 1.0x and 1.5x	—		—		—		23,924		—		—		23,924
less than 1.0x	—		221		—		—		—		25,000		25,221
	—		727		—		38,444		—		25,000		64,171
Non-performing
between 1.0x and 1.5x	—		—		—		—		—		24,500		24,500
less than 1.0x	—		—		—		—		2,047		—		2,047
	—		—		—		—		2,047		—		26,547
Revolver
more than 1.5x													15,500
between 1.0x and 1.5x													2,726
													18,226
									Credit loss reserve				(15,475)
													$	258,874

Schedule of Financing Receivable, Allowance for Credit Loss

The allowance for expected credit losses is presented in the following table for the three months ended March 31, 2024 ($ in thousands):

Beginning balance at January 1, 2024	$	15,476
Provision for expected credit losses	(1)
Balance at March 31, 2024	$	15,475