Notes Receivable

6 Months Ended

Jun. 30, 2017

Receivables [Abstract]

Notes Receivable

4. Notes Receivable

The Company has notes receivable, including accrued interest, that are collateralized by certain rights in development projects, partnership interests, sponsor guaranties and/or real estate assets, some of which are subordinate to other financings.  At June 30, 2017, the Company’s loans outstanding had maturity dates ranging from June 2019 to June 2023 at an interest rate of 9.0%.  At June 30, 2017, the Company did not have any loans outstanding that were past due.  The following table reconciles the loans receivable on real estate (in thousands):

	2017			2016
Balance at January 1	$	49,488		$	41,988
Additions:
New mortgage loans		—			4,611
Interest		523			17
Accretion of discount		269			511
Deductions:
Collections of principal and interest(A)		(30,701	)		(257	)
Balance at June 30	$	19,579		$	46,870

(A) In April 2017, a loan receivable of $30.6 million with a maturity date of September 2017 was repaid in full.