Notes Receivable Notes Receivable (Tables)

9 Months Ended

Sep. 30, 2018

Receivables [Abstract]

Summary of Mezzanine Loans

The Company had the following mezzanine loans outstanding as of September 30, 2018 and December 31, 2017 (in thousands):

	Outstanding loan amount				Maximum loan commitment		Interest rate
Development Project	September 30, 2018		December 31, 2017
1405 Point	$	28,133	$	22,444	$	28,232	8.0	%
The Residences at Annapolis Junction	46,396		43,021		48,105		10.0	%
North Decatur Square	15,703		11,790		29,673		15.0	%
Delray Plaza	6,779		5,379		13,123		15.0	%
Nexton Square	2,219		—		2,314		10.0	%
Total	$	99,230	$	82,634	$	121,447

Summary of Interest Income

The Company recognized interest income for the three and nine months ended September 30, 2018 and 2017 as follows:

	Three Months Ended  September 30,				Nine Months Ended   September 30,
Development Project	2018		2017		2018		2017
1405 Point	$	547	$	443	$	1,483	$	1,288
The Residences at Annapolis Junction	1,166		1,054		3,374		3,051
North Decatur Square	569		412		1,561		623
Delray Plaza	228		—		676		—
Nexton Square	19		—		19		—
Total	$	2,529	$	1,909	$	7,113	$	4,962