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Notes Receivable, Net (Tables)
 12 Months Ended
Dec. 31, 2020
Accounts And Notes Receivable Net [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):

 

 

 

December 31,

 

 

December 31,

 

 

December 31, 2020

 

Description

 

2020

 

 

2019

 

 

Number

 

 

Maturity Date

 

Interest Rate

 

Core Portfolio (a)

 

$

96,794

 

 

$

76,467

 

 

 

6

 

 

Apr 2020 - Dec 2027

 

2.81% - 9.00%

 

Fund II

 

 

—

 

 

 

33,170

 

 

 

—

 

 

Dec 2020

 

1.75%

 

Fund III

 

 

5,306

 

 

 

5,306

 

 

 

1

 

 

Jul 2020

 

18.00%

 

Total notes receivable

 

 

102,100

 

 

 

114,943

 

 

 

 

 

 

 

 

 

 

 

Allowance for credit loss

 

 

(650

)

 

 

—

 

 

 

 

 

 

 

 

 

 

 

Notes receivable, net

 

$

101,450

 

 

$

114,943

 

 

 

7

 

 

 

 

 

 

 

 

 

(a)

Includes two notes receivable from OP Unit holders, with balances totaling $6.5 million at December 31, 2020 and 2019.