Notes and Other Receivables (Tables)

6 Months Ended

Jun. 30, 2024

Receivables [Abstract]

Schedule of Notes and Other Receivables

Notes and other receivables consist of the following as of June 30, 2024 and December 31, 2023 ($ in thousands):

	June 30, 2024		December 31, 2023
Note receivable, secured, bearing interest at 11.50%, due November 2024 (Originated November 2020)	$	39,958	$	37,582
Note receivable, secured, bearing interest at 9.00%, due October 2025 (Originated October 2021)	55,691		50,146
Note receivable, secured, bearing interest at 12.00%, due August 2024 (Originated August 2022)	12,501		11,743
Note receivable, secured, bearing interest at 11.25%, due October 2027 (Originated October 2022)	36,987		34,929
Related party note receivable, bearing variable rate interest, due September 2024 (Originated March 2024) (1)	53,930		—
Notes and other receivables from affiliates (1) (2)	5,252		6,111
Straight line rent receivables (3)	8,908		9,353
Other receivables	21,289		25,444
Allowance for credit losses	(740)		(687)
Total notes and other receivables	$	233,776	$	174,621

(1) See Note 6, Related Party Transactions, for additional details.

(2) These amounts consist of short-term loans outstanding and due from various joint ventures as of June 30, 2024 and December 31, 2023, respectively.

(3) These amounts are receivables from lease concessions recorded on a straight-line basis for the Company's operating properties.

Schedule of Allowance for Credit Loss

The following table presents the activity in the allowance for credit losses for notes receivable, secured ($ in thousands):

	Notes Receivables, Secured
Balance at December 31, 2023	$	687
Provision for credit losses	53
Balance at June 30, 2024	$	740