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Schedule IV - Mortgage Loans on Real Estate | 12 Months Ended
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Dec. 31, 2018
Notes to Financial Statements |
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Text Block] |
KIMCO REALTY CORPORATION AND SUBSIDIARIES |
SCHEDULE IV - MORTGAGE LOANS ON REAL ESTATE |
As of December 31, 2018 |
(in thousands) |
Description |  | Interest Rate |  | Final Maturity Date | Periodic Payment Terms (a) |  | Prior Liens |  |  | Original Face Amount of Mortgages |  |  | Carrying Amount of Mortgages (b) |  |  | Principal Amount of Loans Subject to Delinquent Principal or Interest |
Mortgage Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Retail |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Westport, CT |  |  | 6.50% |  | Mar-33 | I |  | $ | - |  |  | $ | 5,014 |  |  | $ | 5,014 |  |  | $ | - |
Las Vegas, NV |  |  | 12.00% |  | May-33 | I |  |  | - |  |  |  | 3,075 |  |  |  | 3,075 |  |  |  | - |
Miami, FL |  |  | 7.57% |  | Jun-19 | P& I |  |  | - |  |  |  | 4,201 |  |  |  | 1,646 |  |  |  | - |
Miami, FL |  |  | 7.57% |  | Jun-19 | P& I |  |  | - |  |  |  | 3,678 |  |  |  | 1,613 |  |  |  | - |
Nonretail |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Oakbrook Terrace, IL |  |  | 6.00% |  | Dec-24 | I |  |  | - |  |  |  | 1,950 |  |  |  | 1,950 |  |  |  | - |
Individually < 3% (c) |  |  | (d) |  | (e) | P&I |  |  | - |  |  |  | 2,474 |  |  |  | 695 |  |  |  | - |
|  |  |  |  |  |  |  |  | - |  |  |  | 20,392 |  |  |  | 13,993 |  |  |  | - |
Other Financing Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Nonretail |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually < 3% (f) |  |  | (g) |  | (h) | P&I |  |  | - |  |  |  | 775 |  |  |  | 455 |  |  |  | - |
|  |  |  |  |  |  |  | $ | - |  |  | $ | 21,167 |  |  | $ | 14,448 |  |  | $ | - |
(a) I = Interest only; P&I = Principal & Interest.
(b) The aggregate cost for Federal income tax purposes was approximately $14.4 million as of December 31, 2018.
(c) Comprised of three separate loans with original loan amounts ranging from $0.5 million to $1.4 million.
(d) Interest rates range from 6.88% to 7.41%.
(e) Maturity dates range from October 2019 to December 2030.
(f) Comprised of two separate loans with original loan amounts ranging from $0.2 million to $0.6 million.
(g) Interest rates range from 2.28% to 6.85%.
(h) Maturity dates range from April 2019 to April 2027.
For a reconciliation of mortgage and other financing receivables from January 1, 2016 to December 31, 2018, see Footnote 10 of the Notes to the Consolidated Financial Statements included in this Form 10 -K.
The Company feels it is not practicable to estimate the fair value of each receivable as quoted market prices are not available.
The cost of obtaining an independent valuation on these assets is deemed excessive considering the materiality of the total receivables.

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- Definition The entire disclosure for investment in mortgage loan on real estate by entity with substantial portion of business acquiring and holding investment real estate or interest in real estate. Includes, but is not limited to, information for each mortgage loan receivable equaling or exceeding three percent of carrying amount of mortgage. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 12 -Subsection 29 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 948 -SubTopic 310 -Section S99 -Paragraph 1 -Subparagraph (SX 210.12-29) -URI http://asc.fasb.org/extlink&oid=6589523&loc=d3e617274-123014 + Details
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