Mortgage and Other Notes Receivable

3 Months Ended

Mar. 31, 2018

Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [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.

Mortgage and other notes receivable consist of the following:



		As of March 31, 2018			As of December 31, 2017
	Maturity Date	Interest Rate	Balance		Interest Rate	Balance
Mortgages:
Columbia Place Outparcel	Feb 2022	5.00%	$	297	5.00%	$	302
One Park Place	May 2022	5.00%	942		5.00%	1,010
Village Square ⁽¹⁾	Sep 2018	4.00%	1,583		4.00%	1,596
Other ⁽²⁾	Dec 2016 - Jan 2047	4.39% - 9.50%	2,511		4.07% - 9.50%	2,510
			5,333			5,418
Other Notes Receivable:
ERMC	Sep 2021	4.00%	2,689		4.00%	2,855
Southwest Theaters LLC	Apr 2026	5.00%	655		5.00%	672
			3,344			3,527

			$	8,677		$	8,945


(1)	The note was amended to extend the maturity date and restructure the monthly payment amount.


(2)	The $1,100 note with D'Iberville Promenade, LLC, with a maturity date of December 2016, is in default.

- 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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