XML 41 R31.htm IDEA: XBRL DOCUMENT v3.23.2
Loans Receivable (Tables)
6 Months Ended
Jun. 30, 2023
Receivables [Abstract]  
Summary of Real Estate Loans Receivable The following is a summary of our loans receivable (in thousands):
 June 30, 2023December 31, 2022
Mortgage loans$738,496 $707,464 
Other real estate loans239,920 195,566 
Allowance for credit losses on real estate loans receivable(12,907)(12,186)
Real estate loans receivable, net of credit allowance965,509 890,844 
Non-real estate loans470,786 441,231 
Allowance for credit losses on non-real estate loans receivable(173,433)(152,063)
Non-real estate loans receivable, net of credit allowance297,353 289,168 
Total loans receivable, net of credit allowance$1,262,862 $1,180,012 
Summary of Real Estate Loan Activity
The following is a summary of our loan activity for the periods presented (in thousands):    
 Six Months Ended
 June 30, 2023June 30, 2022
Advances on loans receivable$76,397 $117,565 
Less: Receipts on loans receivable46,493 161,180 
Net cash advances (receipts) on loans receivable$29,904 $(43,615)
Summary of Financing Receivable, Allowance for Credit Loss The following is a summary of our loans by credit loss category (in thousands):
June 30, 2023
Loan categoryYears of OriginationLoan Carrying ValueAllowance for Credit LossNet Loan BalanceNo. of Loans
Deteriorated loans2007 - 2023$213,105 $(169,978)$43,127 
Collective loan pool2007 - 2018216,440 (2,878)213,562 12 
Collective loan pool201923,397 (311)23,086 
Collective loan pool202033,891 (451)33,440 
Collective loan pool2021783,161 (10,339)772,822 14 
Collective loan pool2022118,720 (1,579)117,141 29 
Collective loan pool202360,488 (804)59,684 
Total loans$1,449,202 $(186,340)$1,262,862 80 
The following is a summary of the allowance for credit losses on loans receivable for the periods presented (in thousands):                            
Six Months Ended
June 30, 2023June 30, 2022
Balance at beginning of period$164,249 $166,785 
Provision for loan losses, net3,233 (639)
Purchased deteriorated loan19,077 — 
Foreign currency translation(219)(1,063)
Balance at end of period$186,340 $165,083