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Mortgages and Notes Receivable | 12 Months Ended
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Dec. 31, 2014
Receivables [Abstract] |
Mortgages and Notes Receivable | Mortgages and Notes Receivable The following table sets forth our mortgages and notes receivable:
| December 31,
| 2014 |  | 2013
Seller financing (first mortgages) | $ | — |  |  | $ | 16,454 |
Less allowance | — |  |  | — |
| — |  |  | 16,454 |
Mortgage receivable (including accrued interest) | 10,869 |  |  | 9,435 |
Less allowance | — |  |  | — |
| 10,869 |  |  | 9,435 |
Promissory notes | 2,522 |  |  | 822 |
Less allowance | (275 | ) |  | (302 | )
| 2,247 |  |  | 520 |
Mortgages and notes receivable, net | $ | 13,116 |  |  | $ | 26,409 |
During 2010, we provided seller financing in conjunction with two disposition transactions. We accounted for these dispositions using the installment method, whereby a gain on disposition of property was deferred until the seller financing was repaid. During the first quarter of 2014, the $16.5 million of seller financing was fully repaid and the resultant $0.4 million gain on disposition of property was recorded. During 2012, we provided $8.6 million of secured acquisition financing to a third party. We also agreed to loan such third party $8.4 million on a secured basis to fund future infrastructure development. As of December 31, 2014, $1.1 million has been funded to the third party for infrastructure development. We concluded this arrangement to be an interest in a variable interest entity. However, since we do not have the power to direct matters that most significantly impact the activities of the entity, we do not qualify as the primary beneficiary. Accordingly, the entity is not consolidated. Our risk of loss with respect to this arrangement is limited to the carrying value of the mortgage receivable and the future infrastructure development funding commitment. We evaluate the ability to collect our mortgages and notes receivable by monitoring the leasing statistics and/or market fundamentals of these assets. As of December 31, 2014, our mortgages and notes receivable were not in default and there were no other indicators of impairment. The following table sets forth our notes receivable allowance, which relates only to promissory notes:
| December 31,
| 2014 |  | 2013
Beginning notes receivable allowance | $ | 302 |  |  | $ | 182 |
Recoveries/write-offs/other | (27 | ) |  | 120 |
Total notes receivable allowance | $ | 275 |  |  | $ | 302 |

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- Definition The entire disclosure for financing receivables. Examples of financing receivables include, but are not limited to, loans, trade accounts receivables, notes receivable, credit cards, and receivables relating to a lessor's right(s) to payment(s) from a lease other than an operating lease that is recognized as assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 55 -Paragraph 14 -URI http://asc.fasb.org/extlink&oid=32702940&loc=SL6953791-111525 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=35738203&loc=d3e4975-111524 + Details
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