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Notes and Other Receivables (Tables)

6 Months Ended

Jun. 30, 2013

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, 2013 and December 31, 2012 (dollars in thousands):

		June 30,				December 31,
		2013				2012

Note receivable, secured, bearing interest at 4.0%, due December 2014 ⁽¹⁾		$	3,212			$	3,212
Notes and other receivables from affiliates⁽²⁾			103,869				28,896
Other receivables			3,463				3,785
Note receivable, secured, bearing interest at 8.0%, paid in full in May 2013			-				971
Note receivable, secured, bearing interest at 8.8%, paid in full March 2013			-				10,800
Note receivable, secured, effective interest at 9.6%, paid in full March 2013			-				18,499
		$	110,544			$	66,163

(1)	The borrower funds an impound account for capital replacement.

(2)	During the second quarter of 2013, the Company provided short-term bridge loans to Fund II and Wesco III of $42.4 million and $56.8 million, respectively, at rates of LIBOR + 1.75% and LIBOR + 2.50%, respectively.