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Notes and Other Receivables (Tables) | 12 Months Ended
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Dec. 31, 2022
Receivables [Abstract] |
Schedule of Notes and Other Receivables | Notes and other receivables consist of the following as of December 31, 2022 and 2021 ($ in thousands):
| 2022 |  | 2021
Notes receivable, secured, weighted average interest rate of 10.10% as of December 31, 2022 and 10.50% as of December 31, 2021, due February 2023 (Originated March 2020) (1) | $ | — |  |  | $ | 17,051 |
Note receivable, secured, bearing interest at 9.00%, due December 2023 (Originated November 2020) (2) | — |  |  | 87,365 |
Note receivable, secured, bearing interest at 11.50%, due November 2024 (Originated November 2020) | 33,477 |  |  | 29,729 |
Related party note receivable, secured, bearing interest at 2.15%, due March 2022 (Originated September 2021) (3) (7) | — |  |  | 29,314 |
Related party note receivable, secured, bearing interest at 2.30%, due April 2022 (Originated October 2021) (4) (7) | — |  |  | 30,399 |
Note receivable, secured, bearing interest at 11.00%, due October 2025 (Originated October 2021) | 21,452 |  |  | — |
Related party note receivable, secured, bearing interest at 2.36%, due February 2022 (Originated November 2021) (5) (7) | — |  |  | 62,058 |
Related party note receivable, secured, bearing interest at 2.36%, due February 2022 (Originated November 2021) (6) (7) | — |  |  | 48,562 |
Note receivable, secured, bearing interest at 12.00%, due August 2024 (Originated August 2022) | 10,350 |  |  | — |
Notes and other receivables from affiliates (7) (8) | 6,975 |  |  | 6,556 |
Straight line rent receivables (9) | 12,164 |  |  | 15,523 |
Other receivables | 18,961 |  |  | 15,232 |
Allowance for credit losses | (334) |  |  | (756) |
Total notes and other receivables | $ | 103,045 |  |  | $ | 341,033 |
(1) In December 2022, the Company received cash of $15.0 million to payoff the principal of this note receivable. (2) In November 2022, the Company received cash of $89.3 million to payoff the principal of this note receivable. Additionally, the Company received an early redemption fee of $0.8 million from the payoff. (3) In January 2022, the Company received cash of $29.2 million to payoff the principal of this note receivable. (4) In January 2022, the Company received cash of $30.3 million to payoff the principal of this note receivable. (5) In January 2022, the Company received cash of $61.9 million to payoff the principal of this note receivable. (6) In January 2022, the Company received cash of $48.4 million to payoff the principal of this note receivable. (7) See Note 6, Related Party Transactions, for additional details. (8) These amounts consist of short-term loans outstanding and due from various joint ventures as of December 31, 2022 and 2021, respectively. (9) These amounts are receivables from lease concessions recorded on a straight-line basis for the Company's operating properties.
Schedule of Allowance For Credit Losses | The following table presents the activity in the allowance for credit losses for notes and other receivables by loan type ($ in thousands):
| Mezzanine Loans |  | Bridge Loans |  | Total
Balance at December 31, 2021 | $ | 671 |  |  | $ | 85 |  |  | $ | 756 |
Provision for credit losses | (337) |  |  | (85) |  |  | (422) |
Balance at December 31, 2022 | $ | 334 |  |  | $ | — |  |  | $ | 334 |

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- Definition Tabular disclosure of allowance for credit loss on financing receivable. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11B -URI https://asc.fasb.org/extlink&oid=123577603&loc=SL6953423-111524 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 50 -Paragraph 13 -URI https://asc.fasb.org/extlink&oid=124255953&loc=SL82919249-210447 + Details
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- Definition Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.3,4) -URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
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