XML 54 R44.htm IDEA: XBRL DOCUMENT v3.22.2
LOANS RECEIVABLE AND OTHER INVESTMENTS - Composition of Loans Receivable and Other Investments (Details)
$ in Thousands
Jun. 30, 2022
USD ($)
investment
loan
preferredEquityInvestment
Dec. 31, 2021
USD ($)
Loans Receivable:    
Quantity | loan 14  
Principal balance $ 347,693 $ 352,159
Book value 343,881 348,375
Allowance for loan losses (6,612) (6,344)
Book value $ 337,269 342,031
Weighted Average Contractual Interest Rate / Rate of Return 7.60%  
Weighted Average Annualized Effective Interest Rate / Rate of Return 7.50%  
Other Investments:    
Quantity | preferredEquityInvestment 8  
Principal balance $ 57,861 56,805
Book value $ 58,073 57,055
Weighted Average Contractual Interest Rate / Rate of Return 11.00%  
Weighted Average Annualized Effective Interest Rate / Rate of Return 10.90%  
Total quantity | investment 22  
Total principal balance $ 405,554  
Total book value $ 395,342 399,086
Total weighted average contractual interest rate / rate of return 8.00%  
Total weighted average annualized effective interest rate / rate of return 8.00%  
Mortgage    
Loans Receivable:    
Quantity | loan 2  
Principal balance $ 309,000  
Book value $ 309,000 309,000
Weighted Average Contractual Interest Rate / Rate of Return 7.70%  
Weighted Average Annualized Effective Interest Rate / Rate of Return 7.70%  
Construction    
Loans Receivable:    
Quantity | loan 0  
Principal balance $ 0  
Book value $ 0 3,347
Weighted Average Contractual Interest Rate / Rate of Return 0.00%  
Weighted Average Annualized Effective Interest Rate / Rate of Return 0.00%  
Other    
Loans Receivable:    
Quantity | loan 12  
Principal balance $ 38,693  
Book value $ 34,881 $ 36,028
Weighted Average Contractual Interest Rate / Rate of Return 6.80%  
Weighted Average Annualized Effective Interest Rate / Rate of Return 6.10%