XML 40 R31.htm IDEA: XBRL DOCUMENT
v3.25.2

Notes Receivable, Net (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2025
Accounts and Financing Receivable, after Allowance for Credit Loss [Abstract] |
Schedule of Notes Receivable | The Company’s notes receivable, net, are generally collateralized by either the underlying real estate or the borrowers’ equity interests in the entities that own the properties. The balances were as follows (dollars in thousands):
|  | June 30, |  |  | December 31, |  |  | June 30, 2025
Description |  | 2025 |  |  | 2024 |  |  | Number |  |  | Maturity Date |  | Interest Rate
Notes receivable |  | $ | 156,386 |  |  | $ | 128,588 |  |  |  | 7 |  |  | Apr 2020 - Dec 2027 |  | 4.65% - 13.75%
Allowance for credit losses |  |  | (1,704 | ) |  |  | (2,004 | ) |  |  |  |  |  |  |
Notes receivable, net |  | $ | 154,682 |  |  | $ | 126,584 |  |  |  | 7 |  |  |  |  |
Schedule of activity in allowance for credit losses | The following table presents the activity in the allowance for credit losses for the six months ended June 30, 2025 and year ended December 31, 2024 (in thousands):
|  | June 30, |  |  | December 31, |
|  | 2025 |  |  | 2024 |
Allowance for credit losses as of beginning of periods |  | $ | 2,004 |  |  | $ | 1,279 |
Provision of loan losses |  |  | (300 | ) |  |  | 725 |
Total credit allowance |  | $ | 1,704 |  |  | $ | 2,004 |

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

X
- Definition Tabular disclosure of allowance for credit loss on financing receivable. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 11B -Publisher FASB -URI https://asc.fasb.org/1943274/2147481962/310-10-50-11B Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479319/326-20-50-13 + Details
Name: | us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
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://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(4)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(3)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 + Details
Name: | us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration