XML 60 R38.htm IDEA: XBRL DOCUMENT v3.25.0.1
Loans Receivable (Tables)
12 Months Ended
Dec. 31, 2024
Receivables [Abstract]  
Summary Of Real Estate Loans Receivable The following is a summary of our loans receivable (in thousands):
 Year Ended December 31,
 20242023
Mortgage loans$1,540,437 $1,057,516 
Other real estate loans290,438 324,660 
Allowance for credit losses on real estate loans receivable(25,831)(20,589)
Real estate loans receivable, net of credit allowance1,805,044 1,361,587 
Non-real estate loans230,508 503,993 
Allowance for credit losses on non-real estate loans receivable(7,966)(173,874)
Non-real estate loans receivable, net of credit allowance222,542 330,119 
Total loans receivable, net of credit allowance$2,027,586 $1,691,706 
Summary Of Real Estate Loan Activity
The following is a summary of our loan activity for the periods presented (in thousands):
 Year Ended
 December 31, 2024December 31, 2023December 31, 2022
Advances on loans receivable$623,501 $490,736 $156,045 
Less: Receipts on loans receivable294,409 90,215 196,310 
Net cash advances (receipts) on loans receivable$329,092 $400,521 $(40,265)
Summary Financing Receivable, Allowance for Credit Loss
The following is a summary of our loans by credit loss category (in thousands):
December 31, 2024
Loan categoryYears of OriginationLoan Carrying ValueAllowance for Credit LossNet Loan BalanceNo. of Loans
Deteriorated loans2007 - 2019$9,450 $(7,293)$2,157 3
Collective loan pool2010 - 2019141,404 (1,815)139,589 11
Collective loan pool202034,390 (442)33,948 5
Collective loan pool2021865,713 (11,271)854,442 10
Collective loan pool202290,953 (1,168)89,785 13
Collective loan pool2023325,479 (4,181)321,298 10
Collective loan pool2024593,994 (7,627)586,367 14
Total loans$2,061,383 $(33,797)$2,027,586 66 
The following is a summary of the activity within the allowance for credit losses on loans receivable for the periods presented (in thousands):
 Year Ended December 31,
 202420232022
Balance at beginning of year$194,463 $164,249 $166,785 
Provision for loan losses, net(1)
10,125 8,797 (1,394)
Purchased deteriorated loan— 19,077 — 
Reserve for unrecognized interest added to principal— 2,066 — 
Loan write-offs(170,483)— — 
Foreign currency translation(308)274 (1,142)
Balance at end of year$33,797 $194,463 $164,249 
(1) Excludes the provision for loan loss on held-to-maturity debt securities.