Credit Loss Reserve (Tables)

12 Months Ended

Dec. 31, 2024

Credit Loss Reserve

Summary of financial instruments within the scope of ASC 326

The following table summarizes our financial instruments within the scope of ASC 326 by year of origination (dollar amounts in thousands):

		Year of origination (1)											At December 31, 2024
Investment Type:	2024		2023		2022		2021		2020		Prior		Total		Credit loss reserve
Financing receivables	$	163,460	$	121,419	$	76,603	$	—	$	—	$	—	$	361,482	$	3,615
Mortgage loans receivable	$	—	$	44,003	$	—	$	16,706	$	—	$	255,025	$	315,734	$	3,151
Mezzanine loans	$	—	$	17,000	$	25,000	$	—	$	—	$	—	$	42,000	$	420
Working Capital loans		—		—		—		1,929		1,095		2,693		5,717		57
Total Notes Receivable	$	—	$	17,000	$	25,000	$	1,929	$	1,095	$	2,693	$	47,717	$	477

(1) Excludes paid-off loans. Additional funding, if any, is included in the year of the origination of the initial loan.

Summary of expected credit losses

The expected credit losses related to our financial instruments that are within the scope of ASC 326 are as follows (in thousands):

				Recovery	Provision
	Balance			due to	due to		Balance
	at			Payoffs/	Originations/		at
Description	12/31/2023			Write-offs	additional funding		12/31/2024
Credit Loss Reserve- Financing Receivables	$	1,980	$	—	$	1,635	$	3,615
Credit Loss Reserve- Mortgage Loans Receivable		4,814		(1,883)		220		3,151
Credit Loss Reserve-Notes Receivable		611		(137)		3		477