Mortgage and Other Notes Receivable

3 Months Ended

Mar. 31, 2017

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 collectable as of March 31, 2017.

Mortgage and other notes receivable consist of the following:



		As of March 31, 2017			As of December 31, 2016
	Maturity Date	Interest Rate	Balance		Interest Rate	Balance
Mortgages:
Columbia Place Outparcel	Feb 2022	5.00%	$	317	5.00%	$	321
One Park Place	May 2022	5.00%	1,128		5.00%	1,194
Village Square	Mar 2018	3.75%	1,633		3.75%	1,644
Other ⁽¹⁾	Dec 2016 - Jan 2047	6.00% - 9.50%	2,521		3.27% - 9.50%	2,521
			5,599			5,680
Other Notes Receivable:
ERMC	Sep 2021	4.00%	3,341		4.00%	3,500
Horizon Group ⁽²⁾	Jul 2017	7.00%	300		7.00%	300
RED Development Inc.	Oct 2023	5.00%	6,388		5.00%	6,588
Southwest Theaters	Apr 2026	5.00%	719		5.00%	735
			10,748			11,123

			$	16,347		$	16,803


(1)	The $1,100 note for The Promenade at D'Ilberville with a maturity date of December 2016 is in default.


(2)	In January 2017, the maturity date was extended to July 2017.

- Definition

The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses.

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