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Loans Receivable (Tables) | 3 Months Ended
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Mar. 31, 2014
Loans Receivable [Abstract] |
Summary of Loans Receivable | The following is a summary of our loans receivable as of March 31, 2014 and December 31, 2013:
| Loan carrying-value(1) |  |  |
Loan |  | 3/31/2014 |  | 12/31/2013 |  | Interest Rate |  | Maturity Date
Norwalk, CT(2) |  | $ | 31,332 |  |  | $ | 28,186 |  |  | 7.50 | % |  | 11/2014
Homestead, FL(3) |  | 10,325 |  |  | 10,239 |  |  | 7.50 | % |  | 08/2014
Westmont, IL(4) |  | 12,512 |  |  | 12,610 |  |  | 6.45 | % |  | 10/2015
Southfield, MI |  | 6,412 |  |  | 6,610 |  |  | 4.55 | % |  | 02/2015
Austin, TX |  | 2,486 |  |  | 2,389 |  |  | 16.00 | % |  | 10/2018
Kennewick, WA(5) |  | 55,412 |  |  | 37,030 |  |  | 9.00 | % |  | 05/2022
Other |  | 2,319 |  |  | 2,379 |  |  | 8.00 | % |  | 2021-2022
|  | $ | 120,798 |  |  | $ | 99,443 |  |  |  |  |
(1) | Loan carrying value includes accrued interest and is net of origination costs and loan losses, if any.
(2) | The Company is committed to lend up to $32,600.
(3) | The Company is committed to lend up to $10,660.
(4) | Borrower is delinquent on debt service payments. Tenant at office property collateral terminated its lease. The Company recognized an impairment of $13,939 during the fourth quarter of 2013. During the three months ended March 31, 2014, the Company recognized $425 of interest income relating to the impaired loan and the loan had an average recorded investment value of $12,561. At March 31, 2014, the impaired loan receivable had a contractual unpaid balance of $26,451.
(5) | The Company is committed to lend up to $85,000. During construction advances accrue interest at 6.5% per annum. Estimated construction completion is 2Q 2014.

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- 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 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 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 3, 4 -Article 5 + Details
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