Notes and Other Receivables

12 Months Ended

Dec. 31, 2014

Notes and Other Receivables [Abstract]

Notes and Other Receivables

Notes and Other Receivables

Notes receivables, secured by real estate, and other receivables consist of the following as December 31, 2014 and 2013 ($ in thousands):

	2014		2013
Note receivable, secured, bearing interest at 6.0%, due December 2016	$	3,212	$	3,212
Notes and other receivables from affiliates (1)	8,105		60,968
Other receivables (2)	13,606		4,075
	$	24,923	$	68,255

(1) The Company had $8.1 million of short-term loans outstanding and due from various legacy and BRE joint ventures. See Note 5, Related Party Transactions, for additional details. In 2013, the Company has provided two bridge loans totaling $56.8 million to Wesco III at a rate of LIBOR+2.50%. Wesco III repaid these two loans in 2014.

(2) Represents receivables for utilities, rents, and other receivables.

During the year ended December 31, 2013, the Company received the repayment of three notes receivables totaling $30.5 million. One of the notes was repaid early, and the Company recorded $0.8 million of income related to a change in estimate on the discount to the note receivable.