Notes and Other Receivables (Tables)

3 Months Ended

Mar. 31, 2024

Receivables [Abstract]

Schedule of Notes and Other Receivables

Notes and other receivables consist of the following as of March 31, 2024 and December 31, 2023 ($ in thousands):

	March 31, 2024		December 31, 2023
Note receivable, secured, bearing interest at 11.50%, due November 2024 (Originated November 2020)	$	38,801	$	37,582
Note receivable, secured, bearing interest at 9.00%, due October 2025 (Originated October 2021)	52,550		50,146
Note receivable, secured, bearing interest at 12.00%, due August 2024 (Originated August 2022)	12,116		11,743
Note receivable, secured, bearing interest at 11.25%, due October 2027 (Originated October 2022)	35,944		34,929
Notes and other receivables from affiliates (1)	5,945		6,111
Straight line rent receivables (2)	9,246		9,353
Other receivables	29,150		25,444
Allowance for credit losses	(712)		(687)
Total notes and other receivables	$	183,040	$	174,621

(1) These amounts consist of short-term loans outstanding and due from various joint ventures as of March 31, 2024 and December 31, 2023, 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, 2023	$	687
Provision for credit losses	25
Balance at March 31, 2024	$	712