XML 25 R29.htm IDEA: XBRL DOCUMENT
v2.4.0.6

NOTES RECEIVABLE (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2012
Mortgage Loans on Real Estate [Abstract] |
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] | As of June 30, 2012, the Company’s notes receivable, net, aggregated $88.7 million, and were collateralized either by the underlying properties or the borrowers' ownership interests in the entities that own the properties and/or by the borrowers' personal guarantee subject, as applicable, to senior liens, as follows:
Description | Effective Interest Rate | Maturity Date | First Priority Liens | Net Carrying amount of Notes Receivable | Extension Options
(dollars in thousands) |  |  |  |  |
Zero Coupon Loan | 24.0% | 1/3/2016 | $ | 166,200 |  | $ | 3,762 |  | —
Mezzanine Loan | 10.0% | 12/31/2013 | 85,835 |  | 9,089 |  | —
Mezzanine Loan | 15.0% | Upon Capital Event | 11,925 |  | 3,834 |  | —
First Mortgage Loan | 12.0% | 12/5/2012 | — |  | 19,500 |  | —
First Mortgage Loan | 9.2% | 3/30/2013 | — |  | 3,000 |  | —
First Mortgage Loan | 10.8% | Demand | — |  | 10,000 |  | —
First Mortgage Loan | 5.3% | Demand | — |  | 18,500 |  | —
First Mortgage Loan | 6.0% | 12/1/2012 | — |  | 12,609 |  | 2 x 6 months
Construction Loan | 20.5% | 10/1/2012 | — |  | 5,400 |  | —
Individually less than 3.0% | 10.0% to 12.0% | 12/31/13 to 1/1/17 | 37,623 |  | 3,018 |  | —
Total |  |  |  |  | $ | 88,712 |  |
Allowance for Credit Losses on Financing Receivables [Table Text Block] | The activity in the allowance for notes receivable for the six months ended June 30, 2012 is as follows:
(dollars in thousands) | Allowance for Notes Receivable
Balance at December 31, 2011 | $ | 3,276 |
Provision for losses on notes receivable | 5,115 |
Balance at June 30, 2012 | $ | 8,391 |

X
- Definition Tabular disclosure of financing receivables (examples of financing receivables include loans, trade accounts receivable and notes receivable) and activity in the allowance for credit losses account. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11B -URI http://asc.fasb.org/extlink&oid=6965416&loc=SL6953423-111524 + Details
Name: | us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_MortgageLoansOnRealEstateAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 3, 4 -Article 5 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.3,4) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
Name: | us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration