Mortgage and Other Notes Receivable

3 Months Ended

Mar. 31, 2014

Mortgage and Other Notes Receivable [Abstract]

Mortgage and Other Notes Receivable

Mortgage and Other Notes Receivable

Each of the Company’s mortgage notes receivable is collateralized by either a first mortgage, a second mortgage, or by an assignment of 100% of the partnership interests that own the real estate assets.  Other notes receivable include amounts due from tenants or government-sponsored districts and unsecured notes received from third parties as whole or partial consideration for property or investments.  The Company believes that its mortgage and other notes receivable balance is fully collectable as of March 31, 2014.

Mortgage and other notes receivable consist of the following:

		As of March 31, 2014			As of December 31, 2013
	Maturity Date	Interest Rate	Balance		Interest Rate	Balance
Mortgages:
Coastal Grand - Myrtle Beach	Oct 2014	7.75%	$	9,000	7.75%	$	9,000
Park Place	May 2022	5.00%	1,696		5.00%	1,738
Village Square	Oct 2014	4.50%	2,600		4.50%	2,600
Other	Dec 2016 - Jan 2047	2.65% - 9.50%	5,717		2.67% - 9.50%	5,782
			19,013			19,120
Other Notes Receivable:
Horizon Group - The Outlet Shoppes at Atlanta	May 2015	7.00%	700		7.00%	816
Lee's Summit land	Nov 2023	5.00%	7,429		5.00%	7,429
Woodstock land	May 2014	10.00%	3,059		10.00%	3,059
			11,188			11,304
			$	30,201		$	30,424