SCHEDULE IV - MORTGAGE LOANS ON REAL ESTATE

12 Months Ended

Dec. 31, 2019

Mortgage Loans On Real Estate [Abstract]

SCHEDULE IV-MORTGAGE LOANS ON REAL ESTATE

Description	Effective Interest Rate	Final Maturity Date	Face Amount of Notes Receivable		Net Carrying Amount of Notes Receivable as of December 31, 2019
First Mortgage Loan	6.0%	4/30/2020	$	17,810	$	17,802
First Mortgage Loan	8.1%	6/20/2020		153,400		38,673
Zero Coupon Loan	2.5%	5/31/2020		29,793		33,170
Mezzanine Loan	18.0%	7/1/2020		5,306		5,306
First Mortgage Loan	5.1%	10/28/2021		13,530		13,530
Other	4.65%	4/12/2026		6,000		6,000
Other	4.82%	4/10/2021		462		462
Total			$	226,301	$	114,943

The Company monitors the credit quality of its notes receivable on an ongoing basis and considers indicators of credit quality such as loan payment activity, the estimated fair value of the underlying collateral, the seniority of the Company's loan in relation to other debt secured by the collateral, the personal guarantees of the borrower and the prospects of the borrower.

The following table reconciles the activity for loans on real estate from January 1, 2017 to December 31, 2019 (in thousands):

	Reconciliation of Loans on Real Estate
	Year Ended December 31,
	2019			2018			2017
Balance at beginning of year	$	111,775		$	160,991		$	283,125
Additions		18,418			3,805			11,571
Repayments		(15,250	)		(31,000	)		(32,000	)
Conversion to real estate through receipt of deed		—			(22,021	)		(101,705	)
Balance at end of year	$	114,943		$	111,775		$	160,991