XML 43 R30.htm IDEA: XBRL DOCUMENT
v3.22.0.1

SCHEDULE IV - MORTGAGE LOANS ON REAL ESTATE | 12 Months Ended
--- | ---
Dec. 31, 2021
Mortgage Loans On Real Estate [Abstract] |
SCHEDULE IV-MORTGAGE LOANS ON REAL ESTATE | ACADIA REALTY TRUST SCHEDULE IV - MORTGAGE LOANS ON REAL ESTATE December 31, 2021 (in thousands)
Description |  | Effective Interest Rate |  | Final Maturity Date |  | Face Amount of Notes Receivable |  |  | Net Carrying Amount of Notes Receivable as of December 31, 2021 |
First Mortgage Loan |  | 6.00% |  | 4/1/2020 |  | $ | 17,810 |  |  | $ | 17,802 |
Mezzanine Loan |  | 18.00% |  | 7/1/2020 |  |  | 5,306 |  |  |  | 5,306 |
First Mortgage Loan |  | 5.42% |  | 6/1/2022 |  |  | 13,530 |  |  |  | 13,530 |
Mezzanine Loan |  | 9.00% |  | 1/13/2023 |  |  | 54,000 |  |  |  | 54,000 |
Other |  | 4.65% |  | 4/12/2026 |  |  | 6,000 |  |  |  | 6,000 |
Mezzanine Loan |  | 8.00% |  | 12/11/2027 |  |  | 5,000 |  |  |  | 5,000 |
First Mortgage Loan |  | 9.00% |  | 10/20/2022 |  |  | 16,000 |  |  |  | 16,000 |
First Mortgage Loan |  | 6.56% |  | 9/17/2024 |  |  | 43,000 |  |  |  | 42,000 |
Total |  |  |  |  |  | $ | 160,646 |  |  |  | 159,638 |
Allowance for credit loss |  |  |  |  |  |  |  |  |  | (5,752 | )
Net carrying amount of notes receivable |  |  |  |  |  |  |  |  | $ | 153,886 |
The Company monitors the credit quality of its notes receivable on an ongoing basis and considers indicators of credit quality such as loan payment activity, the estimated fair value of the underlying collateral, the seniority of the Company's loan in relation to other debt secured by the collateral, the personal guarantees of the borrower and the prospects of the borrower. The following table reconciles the activity for loans on real estate from January 1, 2019 to December 31, 2021 (in thousands):
|  | Reconciliation of Loans on Real Estate |
|  | Year Ended December 31, |
|  | 2021 |  |  | 2020 |  |  | 2019 |
|  |  |  |  | (As Restated) |  |  | (As Restated) |
Balance at beginning of year |  | $ | 100,882 |  |  | $ | 114,943 |  |  | $ | 111,775 |
Additions |  |  | 58,000 |  |  |  | 59,585 |  |  |  | 18,418 |
Repayments |  |  | — |  |  |  | — |  |  |  | (15,250 | )
Conversion of OP Units |  |  | (462 | ) |  |  | — |  |  |  | — |
Conversion to real estate through receipt of deed |  |  | — |  |  |  | (72,428 | ) |  |  | — |
Allowance for credit loss |  |  | (4,534 | ) |  |  | (1,218 | ) |  |  | — |
Balance at end of year |  | $ | 153,886 |  |  | $ | 100,882 |  |  | $ | 114,943 |

X
- References No definition available. + Details
Name: | srt_MortgageLoansOnRealEstateAbstract
Namespace Prefix: | srt_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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=120402547&loc=d3e617274-123014 + Details
Name: | srt_MortgageLoansOnRealEstateByLoanDisclosureTextBlock
Namespace Prefix: | srt_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration