Notes and Other Receivables (Tables)

3 Months Ended

Mar. 31, 2014

Notes and Other Receivables [Abstract]

Notes and Other Receivables

Notes receivable secured by real estate and other receivables consist of the following as of March 31, 2014 and December 31, 2013 (dollars in thousands):

	March 31,		December 31,
	2014		2013
Notes receivable, secured, bearing interest at 4.0%, due December 2014 (1)	$	3,212	$	3,212
Notes and other receivables from affiliates (2)		25,854		60,968
Other receivables		7,039		4,075
	$	36,105	$	68,255

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

(2) The Company provided two bridge loans, for Gas Company Lofts and Regency at Mt. View, totaling $56.8 million to Wesco III at a rate of LIBOR + 2.50%.  Wesco III repaid these two loans on Gas Company Lofts and Regency at Mt. View in January 2014 and April 2014, respectively.