Mortgage and Other Notes Receivable

3 Months Ended

Mar. 31, 2016

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, 2016. Mortgage and other notes receivable consist of the following:

		As of March 31, 2016			As of December 31, 2015
	Maturity Date	Interest Rate	Balance		Interest Rate	Balance
Mortgages:
Columbia Place Outparcel	Feb 2022	5.00%	$	340	5.00%	$	342
Park Place	May 2022	5.00%	1,338		5.00%	1,369
Village Square (1)	Mar 2016	3.50%	1,677		3.50%	1,685
Other	Dec 2016 - Jan 2047	2.93% - 9.50%	4,380		2.93% - 9.50%	4,380
			7,735			7,776
Other Notes Receivable:
Horizon Group	Nov 2016	7.00%	5,280		7.00%	3,096
RED Development Inc.	Nov 2023	5.00%	7,176		5.00%	7,366
Other	Jan 2017	7.00%	300		—%	—
			12,756			10,462
			$	20,491		$	18,238

(1) The note was extended subsequent to March 31, 2016. See Note 16 for further information.