Notes and Other Receivables (Tables)

12 Months Ended

Dec. 31, 2022

Receivables [Abstract]

Schedule of Notes and Other Receivables

Notes and other receivables consist of the following as of December 31, 2022 and 2021 ($ in thousands):

	2022		2021
Notes receivable, secured, weighted average interest rate of 10.10% as of December 31, 2022 and 10.50% as of December 31, 2021, due February 2023 (Originated March 2020) (1)	$	—	$	17,051
Note receivable, secured, bearing interest at 9.00%, due December 2023 (Originated November 2020) (2)	—		87,365
Note receivable, secured, bearing interest at 11.50%, due November 2024 (Originated November 2020)	33,477		29,729
Related party note receivable, secured, bearing interest at 2.15%, due March 2022 (Originated September 2021) (3) (7)	—		29,314
Related party note receivable, secured, bearing interest at 2.30%, due April 2022 (Originated October 2021) (4) (7)	—		30,399
Note receivable, secured, bearing interest at 11.00%, due October 2025 (Originated October 2021)	21,452		—
Related party note receivable, secured, bearing interest at 2.36%, due February 2022 (Originated November 2021) (5) (7)	—		62,058
Related party note receivable, secured, bearing interest at 2.36%, due February 2022 (Originated November 2021) (6) (7)	—		48,562
Note receivable, secured, bearing interest at 12.00%, due August 2024 (Originated August 2022)	10,350		—
Notes and other receivables from affiliates (7) (8)	6,975		6,556
Straight line rent receivables (9)	12,164		15,523
Other receivables	18,961		15,232
Allowance for credit losses	(334)		(756)
Total notes and other receivables	$	103,045	$	341,033

(1) In December 2022, the Company received cash of $15.0 million to payoff the principal of this note receivable.

(2) In November 2022, the Company received cash of $89.3 million to payoff the principal of this note receivable. Additionally, the Company received an early redemption fee of $0.8 million from the payoff.

(3) In January 2022, the Company received cash of $29.2 million to payoff the principal of this note receivable.

(4) In January 2022, the Company received cash of $30.3 million to payoff the principal of this note receivable.

(5) In January 2022, the Company received cash of $61.9 million to payoff the principal of this note receivable.

(6) In January 2022, the Company received cash of $48.4 million to payoff the principal of this note receivable.

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

(8) These amounts consist of short-term loans outstanding and due from various joint ventures as of December 31, 2022 and 2021, respectively.

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

Schedule of Allowance For Credit Losses

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, 2021	$	671	$	85	$	756
Provision for credit losses	(337)		(85)		(422)
Balance at December 31, 2022	$	334	$	—	$	334