Notes and Accounts Receivable, Net

12 Months Ended

Dec. 31, 2014

Receivables [Abstract]

Notes and Accounts Receivable, Net

Notes and Accounts Receivable, Net

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

	December 31, 2014			December 31, 2013
	(dollars in thousands)
Straight-line rent from tenants	$	131,887		$	135,370
Military Housing, primarily reimbursable construction costs	27,024			29,771
Stapleton advances	150,111			145,917
Tenant receivables	16,298			20,008
Notes receivable	34,922			38,225
Other	69,567			101,411
	429,809			470,702
Allowance for doubtful accounts	(10,771		)	(15,141		)
Notes and Accounts Receivable, Net	$	419,038		$	455,561
Weighted average interest rate on notes receivable	6.81		%	6.47		%
Notes receivable due within one year	$	4,548		$	8,534

Stapleton Advances

The Company has made interest-bearing advances to the Park Creek Metropolitan District for in-tract infrastructure at its Stapleton project. The Company recorded $12,252,000, $10,047,000 and $7,893,000 of interest income related to these advances for the year ended December 31, 2014, 11 months ended December 31, 2013 and the year ended January 31, 2013, respectively. The advances had a weighted average interest rate of 8.64% at December 31, 2014.