Schedule IV: Mortgage Loans on Real Estate

12 Months Ended

Dec. 31, 2021

SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Abstract]

Schedule IV: Mortgage Loans on Real Estate

(in thousands)


Location	Segment	Interest Rate		Fixed / Variable	Maturity Date	Prior Liens		Monthly Debt Service		Face Amount of Mortgages		Carrying Amount of Mortgages		Principal Amount Subject to Delinquent Principal or Interest
First mortgages relating to 1 property located in:
Texas	Other	7.5	%	Fixed	04/01/2022	$	—	$	14	$	2,250	$	2,191	$	—
California	Other	4.25% + greater of 2.0% or LIBOR		Variable	05/07/2026	—		97		18,420		18,604		—
Florida	Other	4.0	%	Fixed	12/17/2022	—		25		7,798		7,246		—
Florida	Other	4.0	%	Fixed	12/17/2022	—		13		3,912		3,582		—
Florida	Other	4.0	%	Fixed	12/17/2022	—		45		14,208		14,180		—
California	Other	4.0	%	Fixed	12/16/2022	—		113		35,100		34,994		—
First mortgages relating to 18 properties located in:

Multiple	Other	3.5% + greater of 0.5% or LIBOR		Variable	02/01/2024	—		569		165,093		161,618		—

First mortgages relating to 16 properties located in:
Multiple	Other	4.0	%	Fixed	01/21/2023	—		515		149,500		147,876		—




						$	—	$	1,391	$	396,281	$	390,291	$	—


	Year Ended December 31,
	2021		2020		2019
Reconciliation of mortgage loans
Balance at beginning of year	$	157,572	$	161,964	$	42,037
Additions:
New mortgage loans	310,338		98,469		59,552
Draws on existing mortgage loans	9,370		19,182		60,375
Total additions	319,708		117,651		119,927

Deductions:
Principal repayments	(84,486)		(113,200)		—
Reserve for loan losses(1)	(2,503)		(8,843)		—
Total deductions	(86,989)		(122,043)		—

Balance at end of year	$	390,291	$	157,572	$	161,964

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(1)The years ended December 31, 2021 and 2020 include current expected credit loss reserves recognized under ASU 2016-13, which was adopted on January 1, 2020 (see Note 2 to the Consolidated Financial Statements). The year ended December 31, 2020 also includes an immaterial amount related to the cumulative-effect of adoption of ASU 2016-13. Refer to Note 8 for additional information on the Company’s reserve for loan losses.