Notes Receivable, Net (Tables)

3 Months Ended

Mar. 31, 2022

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):

	March 31,			December 31,			March 31, 2022
Description	2022			2021			Number		Maturity Date		Interest Rate
Core Portfolio (a)	$	154,331		$	154,332			7	Apr 2020 - Dec 2027		4.65% - 12.00%
Fund III		—			5,306			—		—		—
Total notes receivable		154,331			159,638
Allowance for credit loss		(1,170	)		(5,752	)
Notes receivable, net	$	153,161		$	153,886			7

Includes one note receivable from an OP Unit holder, with a balance of $6.0 million at March 31, 2022 and December 31, 2021.