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Loans Receivable (Tables)
12 Months Ended
Dec. 31, 2017
Loans Receivable, Net [Abstract]  
Schedule of Accounts, Notes, Loans and Financing Receivable
The following is a summary of the Company's loans receivable as of December 31, 2016:
 
Loan carrying-value(1)
 
 
 
Loan
 
 
12/31/2016
 
Interest Rate
 
Maturity Date
Kennewick, WA(2)
 
 
$
85,709

 
9.00
%
 
05/2022
Oklahoma City, OK(3)
 
 
8,501

 
11.50
%
 
03/2016
 
 
 
$
94,210

 
 
 
 
(1)
Loan carrying value included accrued interest and was net of origination costs, if any.
(2)
Loan provided for a current pay rate of 8.75%, an accrual rate of 9.0% and a balloon of $87,245 at maturity. During 2017, the loan was assigned to a third party for 94% of its principal balance. The Company recognized a $5,294 loan loss on the transaction.
(3)
In June 2015, the Company loaned a tenant-in-common $8,420. The loan was secured by the tenant-in-common's interest in an office property, in which the Company had a 40% tenant-in-common interest. The loan was satisfied in full in February 2017. The Company incurred professional fees of $376 to collect this loan. Such fees are included in general and administrative expenses on the Company's Consolidated Statements of Operations for the year ended December 31, 2017.