Mortgage and other notes receivable consist of the following:



		As of December 31, 2016			As of December 31, 2015
	Maturity Date	Interest Rate	Balance		Interest Rate	Balance
Mortgages:
Columbia Place Outparcel	Feb 2022	5.00%	$	321	5.00%	$	342
One Park Place	May 2022	5.00%	1,194		5.00%	1,369
Village Square ⁽¹⁾	Mar 2018	3.75%	1,644		3.50%	1,685
Other ⁽²⁾	Dec 2016 - Jan 2047	3.27% - 9.50%	2,521		2.93% - 9.50%	4,380
			5,680			7,776
Other Notes Receivable:
ERMC ⁽³⁾	Sep 2021	4.00%	3,500		—%	—
Horizon Group ⁽⁴⁾	Jan 2017	7.00%	300		—%	—
Horizon Group ⁽⁵⁾	N/A	—%	—		7.00%	3,096
RED Development Inc.	Oct 2023	5.00%	6,588		5.00%	7,366
Southwest Theaters LLC	Apr 2026	5.00%	735		—%	—
			11,123			10,462

			$	16,803		$	18,238


(1)	In May 2016, the mortgage note receivable related to Village Square was extended to March 2018. The interest rate increased from 3.5% to 3.75% for the period from April 2016 through March 2017, with an increase to a rate of 4.0% from April 2017 through the maturity date.


(2)	In conjunction with the foreclosure of Gulf Coast Town Center, the Company wrote off the $1,846 balance of a note receivable. The note bore interest at a rate of 6.32% and was due to mature in March 2017. The $1,100 note for The Promenade at D'Iberville with a maturity date of December 2016 is in default.


(3)	The Company received a $3,500 promissory note in conjunction with the redemption of the Company's 50% ownership interest in four consolidated subsidiaries. See Note 8 for more information.


(4)	In the first quarter of 2016, Mortgage Holdings, LLC, a subsidiary of the Company, entered into a $300 loan agreement with an affiliate of Horizon Group Properties, Inc., the Company's noncontrolling interest partner in the development of a new shopping center. Subsequent to December 31, 2016, the maturity date of the note receivable was extended to July 2017. See Note 19 for more information.

(5)

In the fourth quarter of 2015, Mortgage Holdings, LLC, a subsidiary of the Company, entered into a $5,280 loan agreement, with an affiliate of Horizon Group Properties, Inc., the Company's noncontrolling interest partner in an outlet center project. In May 2016, in conjunction with the formation of the Laredo joint venture (see Note 5), the Company contributed its interest in the note of $5,280 as a capital contribution to the joint venture.