XML 56 R45.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Notes Receivable and Current Expected Credit Losses - Schedule of Notes Receivable Outstanding (Details) - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Mar. 31, 2023
Dec. 31, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Allowance for credit losses $ (1,725) $ (1,472) $ (1,495) $ (1,292)
Total notes receivable 109,282 94,172    
Allowance related to unfunded commitments 562 732 $ 198 $ 338
Other liabilities        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Allowance related to unfunded commitments 600 700    
Mezzanine loan        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Principal 84,316      
Accrued interest and fees 14,287      
Notes receivable 98,603 83,425    
Maximum principal commitment 115,727      
Mezzanine loan | Solis City Park II        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Principal 20,594      
Accrued interest and fees 4,466      
Notes receivable 25,060 24,313    
Maximum principal commitment $ 20,594      
Interest rate 13.00%      
Mezzanine loan | Solis Gainesville II        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Principal $ 19,595      
Accrued interest and fees 3,460      
Notes receivable 23,055 22,268    
Maximum principal commitment $ 19,595      
Interest rate 14.00%      
Mezzanine loan | Solis Kennesaw        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Principal $ 23,067      
Accrued interest and fees 3,478      
Notes receivable 26,545 15,922    
Maximum principal commitment $ 37,870      
Interest rate 14.00%      
Mezzanine loan | Solis Peachtree Corners        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Principal $ 11,832      
Accrued interest and fees 1,936      
Notes receivable 13,768 11,092    
Maximum principal commitment $ 28,440      
Interest rate 15.00%      
Mezzanine loan | The Allure at Edinburgh        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Principal $ 9,228      
Accrued interest and fees 947      
Notes receivable 10,175 9,830    
Maximum principal commitment $ 9,228      
Interest rate 15.00%      
Other notes receivable        
Accounts, Notes, Loans and Financing Receivable [Line Items]        
Notes receivable $ 12,404 $ 12,219