XML 34 R9.htm IDEA: XBRL DOCUMENT  v2.3.0.11
Mortgages and Notes Receivable
 6 Months Ended
Jun. 30, 2011
Mortgages and Notes Receivable [Abstract]  
Mortgages and Notes Receivable
3.      Mortgages and Notes Receivable

The following table sets forth our mortgages and notes receivable:

   
June 30,
2011
 
December 31,
2010
 
Seller financing (first mortgages)
 
$
17,180
 
$
17,180
 
Less allowance
   
—
   
—
 
     
17,180
   
17,180
 
Promissory notes
   
2,246
   
2,732
 
Less allowance
   
(617
)
 
(868
)
     
1,629
   
1,864
 
Mortgages and notes receivable, net
 
$
18,809
 
$
19,044
 
 
The following table sets forth our notes receivable allowance, which relates only to promissory notes:

   
Three Months Ended
June 30,
 
Six Months Ended
June 30,
 
   
2011
 
2010
 
2011
 
2010
 
Beginning notes receivable allowance
 
$
497
 
$
732
 
$
868
 
$
698
 
Bad debt expense
   
162
   
25
   
184
   
88
 
Write-offs
   
—
   
(5
)
 
(364
)
 
(5
)
Recoveries/other
   
(42
)
 
19
   
(71
)
 
(10
)
Total notes receivable allowance
 
$
617
 
$
771
 
$
617
 
$
771
 

Our mortgages and notes receivable consists primarily of seller financing issued in conjunction with two disposition transactions in the second quarter of 2010. As of June 30, 2011, the interest payments on both mortgages receivable were current and there were no indications of impairment on the receivables.