Mortgages and Other Financing Receivables

6 Months Ended

Jun. 30, 2015

Mortgage Loans on Real Estate [Abstract]

Mortgages and Other Financing Receivables

7. Mortgages and Other Financing Receivables

The Company has various mortgages and other financing receivables which consist of loans acquired and loans originated by the Company. The Company reviews payment status to identify performing versus non-performing loans. As of June 30, 2015, the Company had a total of 14 loans aggregating $23.0 million all of which were identified as performing loans.

During the six months ended June 30, 2015, the Company received full payment relating to two mortgage receivable loans which had an aggregate outstanding balance of $49.9 million. These loans bore interest at rates ranging from the Interbank Equilibrium Interest Rate (“TIIE”) plus 3.25% to 7.00% and had scheduled maturities ranging from August 2015 to March 2018.