Note 8 - Other Assets

3 Months Ended

Mar. 31, 2019

Notes to Financial Statements

Other Assets Disclosure [Text Block]

8.

Other Assets

Mortgages and Other Financing Receivables

-

The Company has various mortgages and other financing receivables which consist of loans acquired and loans originated by the Company. The Company reviews payment status to identify performing versus non-performing loans. As of

March 31, 2019,

the Company had a total of

10

loans aggregating

$14.4

million, all of which were identified as performing loans.

Assets Held-For-Sale

-

At

March 31, 2019,

the Company had

one

consolidated property classified as held-for-sale at a net carrying amount of

$4.6

million (including accumulated depreciation and amortization of

$1.7

million). The Company’s determination of the fair value of the property was based upon an executed contract of sale with a

third

party. The book value of this property exceeded its estimated fair value, less costs to sell, and as such an impairment charge of

$1.1

million was recognized. Additionally, the Company reclassified

$3.0

million in mortgage debt related to this property to Other liabilities on the Company’s Condensed Consolidated Balance Sheets.