XML 52 R33.htm IDEA: XBRL DOCUMENT v3.7.0.1
Mortgage and Other Notes Receivable (Tables)
 6 Months Ended
Jun. 30, 2017
Mortgage and Other Notes Receivable [Abstract]  
Schedule of mortgage and other notes receivable
Mortgage and other notes receivable consist of the following:
 
 
 
 
As of June 30, 2017
 
As of December 31, 2016
 
 
Maturity
Date
 
Interest
Rate
 
Balance
 
Interest
Rate
 
Balance
Mortgages:
 
 
 
 
 
 
 
 
 
 
Columbia Place Outparcel
 
Feb 2022
 
5.00%
 
$
312

 
5.00%
 
$
321

The Landing at Arbor Place Outparcel (1)
 
Aug 2017
 
3.00%
 
1,802

 
—%
 
—

One Park Place
 
May 2022
 
5.00%
 
1,095

 
5.00%
 
1,194

Village Square
 
Mar 2018
 
3.75%
 
1,620

 
3.75%
 
1,644

Other (2)
 
Dec 2016 - Jan 2047
 
6.25% - 9.50%
 
2,510

 
3.27% - 9.50%
 
2,521

 
 
 
 
 
 
7,339

 
 
 
5,680

Other Notes Receivable:
 
 
 
 
 
 
 
 
 
 
ERMC
 
Sep 2021
 
4.00%
 
3,181

 
4.00%
 
3,500

Horizon Group (3)
 
Jul 2017
 
7.00%
 
—

 
7.00%
 
300

RED Development Inc.
 
Oct 2023
 
5.00%
 
6,185

 
5.00%
 
6,588

Southwest Theaters
 
Apr 2026
 
5.00%
 
709

 
5.00%
 
735

 
 
 
 
 
 
10,075

 
 
 
11,123

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
$
17,414

 
 
 
$
16,803

(1)
In June 2017, the Company received a mortgage note receivable as partial consideration for the sale of an outparcel at an associated center.
(2)
The $1,100 note for The Promenade at D'Ilberville with a maturity date of December 2016 is in default.
(3)
In January 2017, the maturity date was extended to July 2017. The loan was paid off in May 2017.