Mortgage and Other Notes Receivable

9 Months Ended

Sep. 30, 2015

Mortgage and Other Notes Receivable [Abstract]

Each of the Company’s mortgage notes receivable is collateralized by either a first mortgage, a second mortgage, or by an assignment of 100% of the partnership interests that own the real estate assets. Other notes receivable include amounts due from tenants or government-sponsored districts and unsecured notes received from third parties as whole or partial consideration for property or investments. The Company believes that its mortgage and other notes receivable balance is fully collectable as of September 30, 2015. Mortgage and other notes receivable consist of the following:



		As of September 30, 2015			As of December 31, 2014
	Maturity Date	Interest Rate	Balance		Interest Rate	Balance
Mortgages:
Columbia Place Outparcel	Feb 2022	5.00%	$	348	5.00%	$	360
Park Place	May 2022	5.00%	1,430		5.00%	1,566
Village Square	Mar 2016	3.50%	1,692		3.50%	1,711
Other	Dec 2016 - Jan 2047	2.69% - 9.50%	4,389		2.67% - 9.50%	5,686
			7,859			9,323
Other Notes Receivable:
RED Development Inc.	Nov 2023	5.00%	7,429		5.00%	7,429
Woodstock land ⁽¹⁾	Nov 2015	10.00%	3,059		10.00%	3,059
			10,488			10,488

			$	18,347		$	19,811

(1)

Woodstock GA Investments, LLC, a joint venture in which the Company owns a 75.0% interest, has a note receivable with an entity that owns an interest in land in Woodstock, GA, adjacent to the site of The Outlet Shoppes at Atlanta. The loan is secured by the entity's interest in the adjacent land. An amendment to the note was made in the second quarter of 2015 to extend the maturity date from May 2015 to August 2015. The note was subsequently amended in the third quarter of 2015 to extend the maturity date to November 2015.