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Loans Receivable (Tables)
 12 Months Ended
Dec. 31, 2014
Loans Receivable, Net [Abstract]  
Schedule of Accounts, Notes, Loans and Financing Receivable
The following is a summary of our loans receivable as of December 31, 2014 and 2013:
 
 
Loan carrying value(1)
 
 
 
 
Loan
 
12/31/2014
 
12/31/2013
 
Interest Rate
 
Maturity Date
Norwalk, CT(2)
 
$
—

 
$
28,186

 
7.50
%
 
11/2014
Homestead, FL(2)
 
—

 
10,239

 
7.50
%
 
08/2014
Westmont, IL(3)
 
12,152

 
12,610

 
6.45
%
 
10/2015
Southfield, MI(4)
 
3,296

 
6,610

 
4.55
%
 
02/2015
Austin, TX
 
2,800

 
2,389

 
16.00
%
 
10/2018
Kennewick, WA
 
85,254

 
37,030

 
9.00
%
 
05/2022
Other
 
2,133

 
2,379

 
8.00
%
 
2021-2022
 
 
$
105,635

 
$
99,443

 
 
 
 
(1)
Loan carrying value includes accrued interest and is net of origination costs and loan losses.
(2)
Loan satisfied during 2014.
(3)
Borrowers are in default and the Company commenced foreclosure proceedings. Tenant at office property collateral terminated its lease. The Company recognized a loan loss of $13,939 during 2013. During 2014 and 2013, the Company recognized $1,284 and $1,737, respectively, of interest income relating to the impaired loan and the loan had an average recorded investment value of $12,812 and $25,562 during 2014 and 2013, respectively. At December 31, 2014, the impaired loan receivable had a contractual unpaid balance of $26,786.
(4)
The Company recorded a $2,500 loan loss in 2014 as the Company determined it was probable that it would not collect the amount owed at maturity. During 2014, the Company recognized $468 of interest income relating to the impaired loan and the loan had an average recorded investment of $6,001 during 2014. At December 31, 2014, the impaired loan receivable had a contractual unpaid balance of $5,810.