XML 85 R65.htm IDEA: XBRL DOCUMENT v3.25.0.1
Schedule IV - Mortgage Loans on Real Estate (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2020
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]        
Face Amount of Mortgages $ 3,000      
Carrying amount of mortgages 451 [1] $ 996 $ 1,521  
Principal Amount of Loans Subject to Delinquent Principal or Interest 0      
SEC Schedule, 12-29, Real Estate Companies, Investment in Movement in Mortgage Loans on Real Estate [Roll Forward]        
Balance at beginning of year 996 1,521 2,011  
New mortgage loans 0 0 0 $ 3,000
Deductions during the year:        
Collections of principal (599) (559) (521)  
Other: credit (losses) recoveries [2] 54 34 31  
Foreclosures 0 0 0  
Balance at the close of year 451 [1] 996 1,521  
Mortgages held, federal income tax basis $ 454 $ 1,002 $ 1,530  
2 properties in VA        
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]        
Interest Rate 7.00%      
Face Amount of Mortgages [3] $ 3,000      
Carrying amount of mortgages [1],[4] 451      
Principal Amount of Loans Subject to Delinquent Principal or Interest [4] 0      
Deductions during the year:        
Balance at the close of year [1],[4] $ 451      
[1] Mortgages held by NNN and its subsidiaries for federal income tax purposes for the year ended December 31, 2024, 2023 and 2022 were $454, $1,002 and $1,530, respectively
[2] In accordance with FASB ASC Topic 326, Financial Instruments - Credit Losses, NNN recorded an allowance for an estimated expected lifetime credit loss on its mortgage receivables based on the fair value of the collateral and a 15-year historical collectability trend analysis.
[3] Principal and interest is payable at varying amounts over the life of the loan.
[4] Mortgages totaling $3,000 were accepted in connection with real estate transactions for the year ended December 31, 2020.