Notes Receivable, Net (Tables)

6 Months Ended

Jun. 30, 2024

Accounts and Financing Receivable, after Allowance for Credit Loss [Abstract]

Schedule of Notes Receivable

The Company’s notes receivable, net are generally collateralized either by the underlying properties or the borrowers’ ownership interests in the entities that own the properties, and were as follows (dollars in thousands):

	June 30,			December 31,			June 30, 2024
Description	2024			2023			Number		Maturity Date	Interest Rate
Core Portfolio (a)	$	128,173		$	126,228			6	Apr 2020 - Dec 2027	4.65% - 12.00%
Allowance for credit losses		(1,520	)		(1,279	)
Notes receivable, net	$	126,653		$	124,949			6

(a)Includes one note receivable from an OP Unit holder, with a balance of $6.0 million as of December 31, 2023. The note was paid off during the six months ended June 30, 2024.

Schedule of Changes in the Company's Credit Allowance

Changes in the Company’s credit allowance were as follows (in thousands):

	Six Months Ended June 30,
	2024		2023
Allowance for credit losses as of beginning of periods	$	1,279	$	834
Provision of loan losses		241		65
Total - credit losses and reserves	$	1,520	$	899