Notes and Accounts Receivable, Net

11 Months Ended

Dec. 31, 2013

The components of notes and accounts receivable, net are as follows:



	December 31, 2013			January 31, 2013
	(dollars in thousands)
Straight-line rent from tenants	$	135,370		$	148,906
Military Housing, primarily reimbursable construction costs	29,771			32,507
Stapleton advances	145,917			107,749
Receivables from tenants	20,008			29,551
Other accounts receivable	101,411			88,938
Notes receivable	38,225			44,407
	470,702			452,058
Allowance for doubtful accounts	(15,141		)	(25,858		)
Notes and Accounts Receivable, Net	$	455,561		$	426,200
Weighted average interest rate on notes receivable	6.47		%	4.58		%
Notes receivable due within one year	$	8,534		$	12,157

Stapleton Advances

Stapleton Land, LLC, a consolidated subsidiary, has made certain interest-bearing advances to the Park Creek Metropolitan District for in-tract infrastructure. The Company recorded $10,047,000, $7,893,000 and $6,439,000 of interest income related to these advances for the 11 months ended December 31, 2013 and the years ended January 31, 2013 and 2012, respectively. The advances had a weighted average interest rate of 8.66% at December 31, 2013.

Allowance for Doubtful Accounts

The decrease in the allowance for doubtful accounts is primarily attributable to several retail property dispositions, including the partial disposition of retail assets during 2013, which are now accounted for as equity method investments and an overall improvement in the Company's historical write-off history of retail and office operating properties.