Notes and Other Receivables

9 Months Ended

Sep. 30, 2024

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


	September 30, 2024		December 31, 2023
Note receivable, secured, bearing interest at 11.50%, due November 2024 (Originated November 2020)	$	—	$	37,582
Note receivable, secured, bearing interest at 9.00%, due October 2026 (Originated October 2021)	59,134		50,146
Note receivable, secured, bearing interest at 12.00%, due October 2024 (Originated August 2022)	12,897		11,743
Note receivable, secured, bearing interest at 11.25%, due October 2027 (Originated October 2022)	38,071		34,929
Related party note receivable, bearing variable rate interest, due October 2024 (Originated March 2024) (1)	53,923		—
Notes and other receivables from affiliates (1) (2)	5,986		6,111
Straight line rent receivables (3)	8,701		9,353
Other receivables	22,175		25,444
Allowance for credit losses	(592)		(687)
Total notes and other receivables	$	200,295	$	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 September 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.

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


	Mezzanine Loans		Bridge Loans		Total
Balance at December 31, 2023	$	687	$	—	$	687
Provision for credit losses	(122)		27		(95)
Balance at September 30, 2024	$	565	$	27	$	592

No loans were placed on nonaccrual status or impaired during the nine months ended September 30, 2024 or 2023.