XML 50 R36.htm IDEA: XBRL DOCUMENT v3.3.1.900
Loans Receivable (Tables)
 12 Months Ended
Dec. 31, 2015
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, 2015 and 2014:
 
 
Loan carrying value(1)
 
 
 
 
Loan
 
12/31/2015
 
12/31/2014
 
Interest Rate
 
Maturity Date
Westmont, IL(2)
 
$
—

 
$
12,152

 
6.45
%
 
10/2015
Southfield, MI(3)
 
—

 
3,296

 
4.55
%
 
02/2015
Oklahoma City, OK(4)
 
8,501

 
—

 
11.50
%
 
03/2016
Austin, TX
 
—

 
2,800

 
16.00
%
 
10/2018
Kennewick, WA
 
85,505

 
85,254

 
9.00
%
 
05/2022
Other
 
1,865

 
2,133

 
8.00
%
 
2021-2022
 
 
$
95,871

 
$
105,635

 
 
 
 
(1)
Loan carrying value includes accrued interest and is net of origination costs and loan losses, if any.
(2)
In 2015, the Company acquired the office property collateral and $2,521 of cash collateral and received $1,400 in full settlement of its claim against the borrower. 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.
(3)
In 2015, the Company acquired the office property collateral from the borrower. 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 2015 and 2014, the Company recognized $14 and $468, respectively, of interest income relating to the impaired loan.
(4)
In 2015, the Company loaned a tenant-in-common $8,420. The loan is secured by the tenant-in-common's interest in an office property in which the Company has a 40% interest.