XML 39 R29.htm IDEA: XBRL DOCUMENT v3.25.1
Mortgage and Other Notes Receivable (Tables)
 3 Months Ended
Mar. 31, 2025
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]  
Schedule of Financing Receivable Credit Quality Indicators The credit quality indicator as of March 31, 2025 is presented below for the amortized cost, net by year of origination ($ in thousands):
20252024202320222021PriorTotal
Mortgages
more than 1.5x$— $47,947 $— $42,486 $— $32,686 $123,119 
between 1.0x and 1.5x— — 725 28,405 — — 29,130 
less than 1.0x— — — — — 21,123 21,123 
— 47,947 725 70,891 — 53,809 173,372 
Mezzanine
more than 1.5x— — 530 — 17,965 — 18,495 
between 1.0x and 1.5x1,873 — 231 — 12,664 — 14,768 
less than 1.0x— 11,875 — — — 25,000 36,875 
1,873 11,875 761 — 30,629 25,000 70,138 
Non-performing
  between 1.0x and 1.5x— 1,344 — — — 14,500 15,844 
— 1,344 — — — 14,500 15,844 
Revolver
more than 1.5x19,326 
Credit loss reserve(18,910)
$259,770 
Schedule of Financing Receivable, Allowance for Credit Loss, Roll Forward
The allowance for expected credit losses is presented in the following table for the three months ended March 31, 2025 ($ in thousands):
Balance at January 1, 2025$20,249 
Provision for expected credit losses61 
Write-offs charged to the allowance(1,400)
Balance at March 31, 2025
$18,910