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Notes and Other Receivables (Tables)
6 Months Ended
Jun. 30, 2012
Notes and Other Receivables [Abstract]  
Notes and Other Receivables
Notes receivable secured by real estate, and other receivables consist of the following as of June 30, 2012 and December 31, 2011 (dollars in thousands):
June 30,
December 31,
2012
2011
Note receivable, secured, bearing interest at 9.8%, paid in full January 2012
$-$7,331
Note receivable, secured, bearing interest at 5.0%, due November 2012 (1)
87512,428
Note receivable, secured, bearing interest at 8.8%, due December 2012
10,92410,928
Note receivable, secured, bearing interest at LIBOR + 8.0%, due December 2012
6,3726,422
Note receivable, secured, bearing interest at 8.0%, due November 2013
971971
Note receivable, secured, effective interest at 9.6%, due February 2014
18,07517,646
Note receivable, secured, bearing interest at 4.0%, due December 2014 (2)
3,2123,221
Note and other receivables from affiliates
4,6832,734
Other receivables
5,7834,688
$50,895$66,369
(1) $12.4 million note receivable was contributed to the Elkhorn co-investment during the first quarter of 2012. An additional $0.9 million note was funded in the second quarter of 2012 which was contributed to the co-investment in the third quarter.
(2) During the first quarter 2012, the Company amended the loan secured by Vacationer RV Park to extend the maturity date to December 2014. Beginning January 1, 2012 the note which has a carrying value of $3.2 million, bears interest at a rate of 4%, and the borrower will fund an impound account for capital replacement.