Note 8 - Other Assets

6 Months Ended

Jun. 30, 2019

Notes to Financial Statements

Other Assets Disclosure [Text Block]

8. Other Assets

Mortgages and Other Financing Receivables -

During the six months ended June 30, 2019, the Company received full payment relating to the following mortgages receivable (dollars in millions):

Date Paid	Amount Received		Interest Rate			Maturity Date
May-19	$	2.0		6.00	%	Dec-24
Jun-19	$	1.6		7.57	%	Jun-19
Jun-19	$	1.6		7.57	%	Jun-19

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, 2019, the Company had a total of seven loans aggregating $9.2 million, all of which were identified as performing loans.

Assets Held-For-Sale -

At June 30, 2019, the Company had four consolidated properties classified as held-for-sale at a net carrying amount of $42.7 million (including accumulated depreciation and amortization of $18.1 million). The Company’s determination of the fair value of the properties was based upon executed contracts of sale with third parties. The book value of one these properties exceeded its estimated fair value, less costs to sell, and as such an impairment charge of $0.3 million was recognized.