Notes Receivable, Net (Tables)

9 Months Ended

Sep. 30, 2021

Accounts and Financing Receivable, after Allowance for Credit Loss [Abstract]

Schedule of Notes Receivable

The Company’s notes receivable, net are generally collateralized either by the underlying properties or the borrowers’ ownership interests in the entities that own the properties, and were as follows (dollars in thousands):

	September 30,			December 31,			September 30, 2021
Description	2021			2020			Number		Maturity Date	Interest Rate
Core Portfolio (a)	$	154,332		$	96,794			7	Apr 2020 - Dec 2027	5.00% - 12.00%
Fund III		5,306			5,306			1	Jul 2020	18.00%
Total notes receivable		159,638			102,100
Allowance for credit loss		(1,170	)		(650	)
Notes receivable, net	$	158,468		$	101,450			8

Includes one and two notes receivable from OP Unit holders, with balances totaling $6.0 million and $6.5 million at September 30, 2021 and December 31, 2020, respectively.