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Real Estate and Other Investments (Tables)
3 Months Ended
Mar. 31, 2019
Real Estate [Abstract]  
Investment Real Estate by Property-Type and Geographic Distribution
Investment real estate by property-type and geographic distribution are as follows:
 
March 31, 2019
 
December 31, 2018
Industrial
12.8
%
 
13.1
%
Office
37.8

 
37.3

Retail
37.0

 
37.0

Other
12.4

 
12.6

Total
100.0
%
 
100.0
%
 
March 31, 2019
 
December 31, 2018
East North Central
5.6
%
 
5.6
%
East South Central
5.7

 
5.4

Mountain
11.8

 
11.9

Pacific
7.1

 
7.3

South Atlantic
15.0

 
13.8

West South Central
53.0

 
53.8

Other
1.8

 
2.2

Total
100.0
%
 
100.0
%
Assets and Liabilities Related to VIEs
The assets and liabilities relating to the VIEs included in the consolidated financial statements are as follows (in thousands):
 
March 31, 2019
 
December 31, 2018
Investment real estate
$
140,851

 
$
141,843

Short-term investments
501

 
500

Cash and cash equivalents
10,446

 
10,392

Other receivables
4,113

 
3,939

Other assets
13,366

 
13,231

Total assets of consolidated VIEs
$
169,277

 
$
169,905

Notes payable
$
137,490

 
$
137,963

Other liabilities
6,934

 
7,145

Total liabilities of consolidated VIEs
$
144,424

 
$
145,108

Schedule of Long-term Notes Payable of Consolidated VIEs
The total long-term notes payable of the consolidated VIEs consists of the following (in thousands):
Interest rate
 
Maturity
 
March 31, 2019
 
December 31, 2018
LIBOR
 
2020
 
$
10,839

 
$
10,834

90 day LIBOR + 2.5%
 
2021
 
42,665

 
42,399

4% fixed
 
2022
 
83,986

 
84,730

Total
 
 
 
$
137,490

 
$
137,963

Carrying Amount and Maximum Exposure to Loss Related to VIEs
The carrying amount and maximum exposure to loss relating to unconsolidated VIEs follows (in thousands):
 
March 31, 2019
 
December 31, 2018
 
Carrying
Amount
 
Maximum
Exposure
to Loss
 
Carrying
Amount
 
Maximum
Exposure
to Loss
Investment in unconsolidated affiliates
$
326,179

 
$
326,179

 
$
330,730

 
$
330,730

Mortgage loans
635,022

 
635,022

 
633,533

 
633,533

Accrued investment income
2,212

 
2,212

 
2,191

 
2,191