Notes and Other Receivables (Tables)

6 Months Ended

Jun. 30, 2023

Receivables [Abstract]

Schedule of Notes and Other Receivables

Notes and other receivables consist of the following as of June 30, 2023 and December 31, 2022 ($ in thousands):

	June 30, 2023		December 31, 2022
Note receivable, secured, bearing interest at 11.50%, due November 2024 (Originated November 2020)	$	35,500	$	33,477
Note receivable, secured, bearing interest at 11.00%, due October 2025 (Originated October 2021)	34,520		21,452
Note receivable, secured, bearing interest at 12.00%, due August 2024 (Originated August 2022)	11,021		10,350
Note receivable, secured, bearing interest at 11.25%, due October 2027 (Originated October 2022)	32,332		—
Notes and other receivables from affiliates (1)	6,053		6,975
Straight line rent receivables (2)	11,975		12,164
Other receivables	19,648		18,961
Allowance for credit losses	(585)		(334)
Total notes and other receivables	$	150,464	$	103,045

(1) These amounts consist of short-term loans outstanding and due from various joint ventures as of June 30, 2023 and December 31, 2022, respectively. See Note 6, Related Party Transactions, for additional details.

(2) 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 receivable, secured ($ in thousands):

	Notes Receivable, Secured
Balance at December 31, 2022	$	334
Provision for credit losses	251
Balance at June 30, 2023	$	585