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Allowance for Credit Losses (Tables) | 3 Months Ended
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Mar. 31, 2021
Credit Loss [Abstract] |
Net Investment in Lease, Allowance for Credit Loss | The following tables detail the allowance for credit losses included as a component in our Investments in leases - sales-type, Investments in leases - financing receivables and Investments in loans as of March 31, 2021 and December 31, 2020:
| March 31, 2021
(In thousands) | Amortized Cost |  | Allowance |  | Net Investment |  | Allowance as a % of Amortized Cost
Investments in leases - sales-type | $ | 13,505,376 |  |  | $ | (451,241) |  |  | $ | 13,054,135 |  |  | 3.34 | %
Investments in leases - financing receivables | 2,719,868 |  |  | (91,446) |  |  | 2,628,422 |  |  | 3.36 | %
Investments in loans | 515,371 |  |  | (120) |  |  | 515,251 |  |  | 0.02 | %
Other assets - sales-type sub-leases | 284,190 |  |  | (6,692) |  |  | 277,498 |  |  | 2.35 | %
Totals | $ | 17,024,805 |  |  | $ | (549,499) |  |  | $ | 16,475,306 |  |  | 3.23 | %
| December 31, 2020
(In thousands) | Amortized Cost |  | Allowance |  | Net Investment |  | Allowance as a % of Amortized Cost
Investments in leases - sales-type | $ | 13,481,845 |  |  | $ | (454,201) |  |  | $ | 13,027,644 |  |  | 3.37 | %
Investments in leases - financing receivables | 2,709,520 |  |  | (90,958) |  |  | 2,618,562 |  |  | 3.36 | %
Investments in loans | 538,547 |  |  | (1,826) |  |  | 536,721 |  |  | 0.34 | %
Other assets - sales-type sub-leases | 284,376 |  |  | (6,894) |  |  | 277,482 |  |  | 2.42 | %
Totals | $ | 17,014,288 |  |  | $ | (553,879) |  |  | $ | 16,460,409 |  |  | 3.26 | %
The following chart reflects the roll-forward of the allowance for credit losses on our real estate portfolio for the three months ended March 31, 2021 and 2020:
|  | Three Months Ended March 31,
(In thousands) |  | 2021 |  | 2020
Beginning Balance December 31, |  | $ | 553,879 |  |  | $ | — |
Initial allowance upon adoption |  | — |  |  | 309,362 |
Initial allowance from current period investments |  | — |  |  | 22,158 |
Current period change in credit allowance |  | (4,380) |  |  | 127,350 |
Charge-offs |  | — |  |  | — |
Recoveries |  | — |  |  | — |
Ending Balance March 31, |  | $ | 549,499 |  |  | $ | 458,870 |
Financing Receivable Credit Quality Indicators | The following tables detail the amortized cost basis of our investments by the credit quality indicator we assigned to each lease or loan guarantor as of March 31, 2021 and 2020:
| March 31, 2021
(In thousands) | Ba2 |  | Ba3 |  | B1 |  | B2 |  | B3 |  | N/A(1) |  | Total
Investments in leases - sales-type and financing receivable, Investments in loans and Other assets | $ | — |  |  | $ | — |  |  | $ | 15,761,205 |  |  | $ | 917,138 |  |  | $ | 281,450 |  |  | $ | 65,012 |  |  | $ | 17,024,805 |
| March 31, 2020
(In thousands) | Ba2 |  | Ba3 |  | B1 |  | B2 |  | B3 |  | N/A(1) |  | Total
Investments in leases - sales-type and financing receivable, Investments in loans and Other assets | $ | 561,349 |  |  | $ | — |  |  | $ | 9,889,284 |  |  | $ | 901,005 |  |  | $ | 280,485 |  |  | $ | — |  |  | $ | 11,632,123 |
____________________ (1)We estimate the CECL allowance for the Chelsea Piers Mortgage Loan using a traditional commercial real estate model based on standardized credit metrics to estimate potential losses.

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- Definition Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=121599337&loc=SL82919230-210447 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=121611835&loc=SL6953659-111524 + Details
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- Definition Tabular disclosure of allowance for credit loss on net investment in sales-type and direct financing leases. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 50 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=121599337&loc=SL82919249-210447 + Details
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