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Notes Receivable (Tables) | 9 Months Ended
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Sep. 30, 2019
Notes Receivable. |
Summary of mezzanine loans and other loan arrangements | Notes receivable consists of mezzanine loans and other loan arrangements. The following table is a summary of our notes receivable components as of September 30, 2019 and December 31, 2018 (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | At September 30, 2019 | ​ | At December 31, 2018 |
Mezzanine loans | $ | 13,284 | ​ | $ | 9,868 | ​
Other loans | ​ | 4,445 | ​ | ​ | 2,975 | ​
Notes receivable reserve | ​ | (177) | ​ | ​ | (128) | ​
Total | $ | 17,552 | ​ | $ | 12,715 | ​
Schedule of new loan commitments | The following tables summarizes our notes receivable activity for the nine months ended September 30, 2019 and 2018 (dollar amounts in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | Nine Months Ended September 30, | ​
​ | ​ | 2019 | ​ | ​ | 2018 | ​
Advances under notes receivable | $ | 8,531 | (1) | $ | 50 | ​
Principal payments received under notes receivable | ​ | (3,446) | ​ | ​ | (3,848) | ​
Reclassified to lease incentives (2) | ​ | (200) | (2) | ​ | — | ​
Notes receivable reserve | ​ | (48) | ​ | ​ | 38 | ​
Total | $ | 4,837 | ​ | $ | (3,760) | ​
​
(1) | We originated a $6,800 mezzanine loan commitment for the development of a 204-unit ILF/ALF/MC in Georgia. The mezzanine loan has a five-year term and a 12.0% return, a portion of which is paid in cash, and the remaining portion of which is deferred during the first 46 months. Additionally, we originated a $1,400 note agreement, funding $1,124 with a commitment to fund $276. The note bears interest at 7.0%. Further, we originated a $550 note agreement, funding $400 with a commitment to fund $150. The note bears interest at 7.5%.
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(2) | Represents an interim working capital loan related to a development project which matured upon completion of the development project and commencement of the lease.

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- Definition Schedule of New Notes, Loans, and Financing Receivable [Table Text Block] + References No definition available. + Details
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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://fasb.org/us-gaap/role/ref/legacyRef -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
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