Notes and Other Receivables (Tables)

9 Months Ended

Sep. 30, 2021

Receivables [Abstract]

Notes and Other Receivables

Notes and other receivables consist of the following as of September 30, 2021 and December 31, 2020 ($ in thousands):

	September 30, 2021		December 31, 2020
Note receivable, secured, bearing interest at 9.90%, due November 2021 (Originated November 2018)	$	15,337	$	14,216
Notes receivable, secured, bearing interest at 10.50%, due February 2023 (Originated March 2020)	16,591		15,299
Note receivable, secured, bearing interest at 11.00%, due October 2023 (Originated April 2020) (1)	—		25,461
Notes receivable, secured, bearing interest at 9.00%, due December 2023 (Originated November 2020)	84,896		79,827
Notes receivable, secured, bearing interest at 11.50%, due November 2024 (Originated November 2020)	28,850		15,423
Related party note receivable, secured, bearing interest at 2.15%, due December 2021 (Originated September 2021) (2)	29,157		—
Notes and other receivables from affiliates (3)	4,744		4,744
Straight line rent receivables (4)	16,464		25,214
Other receivables	18,689		15,671
Allowance for credit losses	(743)		(751)
Total notes and other receivables	$	213,985	$	195,104

(1) In June 2021, the Company received cash of $36.5 million, including an early redemption fee of $4.7 million, from the payoff of this note receivable.

(2) See Note 6, Related Party Transactions, for additional details.

(3) These amounts consist of short-term loans outstanding and due from various joint ventures as of September 30, 2021 and

December 31, 2020. See Note 6, Related Party Transactions, for additional details.

(4) These amounts are receivables from lease concessions recorded on a straight-line basis for the Company's operating

properties.

Schedule of Allowance for Credit Loss

The following table presents the activity in the allowance for credit losses for notes and other receivables by loan type ($ in thousands):

	Mezzanine Loans		Bridge Loans		Total
Balance at December 31, 2020	$	751	$	—	$	751
Provision for credit losses	(23)		15		(8)
Balance at September 30, 2021	$	728	$	15	$	743