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Other Assets
 6 Months Ended
Jun. 30, 2024
Disclosure Text Block Supplement [Abstract]  
Other Assets

10. Other Assets

Mortgages and Other Financing Receivables

During the six months ended June 30, 2024, the Company provided, as a lender, the following mortgage and other financing receivables (dollars in millions):

 

Date Issued

 

Face Amount

 

 

Interest Rate

 

Maturity Date

Feb-24 (1)

 

$

9.3

 

 

10.00%

 

Feb-29

Mar-24

 

$

9.0

 

 

12.00%

 

Mar-29

Mar-24 (1)

 

$

166.1

 

 

6.35%-10.00%

 

Mar-29-Mar-34

Apr-24

 

$

8.0

 

 

10.00%

 

Oct-34

Apr-24

 

$

2.0

 

 

12.00%

 

Apr-27

Jun-24

 

$

10.0

 

 

12.00%

 

Jul-29

Jun-24 (2)

 

$

146.2

 

 

9.00%

 

Jun-25

Jun-24 (2)

 

$

50.2

 

 

12.00%

 

Jun-34

 

(1)
Issued as lender seller financing related to the sale of nine operating properties which were acquired in conjunction with the RPT Merger.
(2)
Relates to the Company’s previously held preferred equity investment. See Footnote 6 of the Notes to Condensed Consolidated Financial Statements for further details.

During the six months ended June 30, 2024, the Company incurred charges of $4.5 million in allowance for credit loss relating to its mortgage and other financing receivables.

During the six months ended June 30, 2024, the Company collected the following mortgage and other financing receivables (dollars in millions):

 

Date Collected

 

Face Amount

 

 

Interest Rate

 

Maturity Date

Mar-24

 

$

38.2

 

 

6.35%-10.00%

 

Mar-29-Mar-34

Jun-24

 

$

21.9

 

 

6.35%

 

Dec-24