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Notes And Other Receivables
 12 Months Ended
Dec. 31, 2019
Long-term Notes and Loans, by Type, Current and Noncurrent [Abstract]  
Notes And Other Receivables Notes and Other Receivables

The following table sets forth certain information regarding notes and other receivables (in thousands):
 
 
December 31, 2019
 
December 31, 2018
Installment notes receivable on manufactured homes, net
 
$
95,580

 
$
112,798

Notes receivable from real estate developers
 
18,960

 
—

Other receivables, net
 
43,386

 
47,279

Total notes and other receivables, net
 
$
157,926

 
$
160,077



Installment Notes Receivable on Manufactured Homes

The installment notes of $95.6 million (net of allowance of $0.6 million) and $112.8 million (net of allowance of $0.7 million) as of December 31, 2019 and December 31, 2018, respectively, are collateralized by manufactured homes. The notes represent financing provided to purchasers of manufactured homes primarily located in our communities and require monthly principal and interest payments. The notes have a weighted average interest rate (net of servicing costs) and maturity of 8.0 percent and 15.8 years as of December 31, 2019, and 8.0 percent and 16.6 years as of December 31, 2018.

The change in the aggregate gross principal balance of the installment notes receivable is as follows (in thousands):
 
December 31, 2019
 
December 31, 2018
Beginning balance
$
113,495

 
$
116,174

Financed sales of manufactured homes
341

 
14,237

Principal payments and payoffs from our customers
(8,710
)
 
(8,966
)
Principal reduction from repossessed homes
(8,901
)
 
(7,950
)
Total activity
(17,270
)
 
(2,679
)
Ending balance
$
96,225

 
$
113,495



Allowance for Losses for Installment Notes Receivable

The following table sets forth the allowance change for the installment notes receivable (in thousands):
 
December 31, 2019
 
December 31, 2018
Beginning balance
$
(697
)
 
$
(377
)
Lower of cost or market write-downs
203

 
678

Increase to reserve balance
(151
)
 
(998
)
Total activity
52

 
(320
)
Ending balance
$
(645
)
 
$
(697
)


Notes Receivable from Real Estate Developers

As of December 31, 2019, the notes receivables balance of $19.0 million primarily comprise short term construction loans provided to real estate developers.

Other Receivables

As of December 31, 2019, other receivables were comprised of amounts due from: residents for rent, utility charges, fees and other pass through charges of $7.8 million (net of allowance of $2.2 million); home sale proceeds of $20.9 million; insurance receivables of $9.9 million, and other receivables of $4.8 million. As of December 31, 2018, other receivables were comprised of amounts due from: residents for rent, utility charges, fees and other pass through charges of $7.1 million (net of allowance of $1.5 million); home sale proceeds of $16.1 million; and insurance and other receivables of $24.1 million.