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v3.23.2

Notes Receivable - New Loan Commitment (Details) | 1 Months Ended | 3 Months Ended | 6 Months Ended |
--- | --- | --- | --- | ---
Jul. 31, 2023 USD ($) item | Mar. 31, 2023 USD ($) | Jun. 30, 2023 USD ($) item | Jun. 30, 2022 USD ($) property item | Dec. 31, 2022 USD ($)
Notes receivable activities |  |  |  |  |
Principal payments received on notes receivable |  |  | $ 5,965,000 | $ 6,618,000 |
Additional interest income related to the exit IRR |  |  | 1,380,000 |  |
Amounts funded |  |  | 866,000 | $ 36,788,000 |
Loan Term |  |  |  | 4 years |
Interest rate (as a percent) |  |  |  | 7.25% |
Number of units | item |  |  |  | 217 |
Mortgage Loans |  |  |  |  |
Notes receivable activities |  |  |  |  |
Gross Investment |  |  | 476,739,000 |  |
Mortgage Loans | ILF/ALF/MC | Georgia |  |  |  |  |
Notes receivable activities |  |  |  |  |
Gross Investment |  |  | $ 51,111,000 |  |
Interest rate (as a percent) |  |  | 7.50% |  |
Number of units | item |  |  | 203 |  |
Loan principal amount |  |  | $ 7,461,000 |  |
Maximum |  |  |  |  |
Notes receivable activities |  |  |  |  |
Loan Term |  |  |  | 4 years |
Mezzanine loan |  |  |  |  |
Notes receivable activities |  |  |  |  |
Mezzanine loan |  |  | 25,000,000 |  | $ 36,815,000
Principal payments received on notes receivable |  |  | 4,545,000 |  |
Additional interest income related to the exit IRR |  | $ 1,380,000 |  |  |
Exit IRR |  |  | $ 190,000 |  |
Amounts funded |  |  |  | $ 25,000,000 |
Number of property | property |  |  |  | 5 |
Loan Term |  |  |  | 5 years |
Extension term number of options | item |  |  |  | 2 |
Extension term |  |  |  | 1 year |
Interest rate (as a percent) |  |  |  | 8.00% |
IRR on mortgage loan on real estate property |  |  |  | 11.00% |
Number of real estate property communities | property |  |  |  | 5 |
Number of units | item |  |  | 136 | 621 |
Notes receivable, gross |  |  | $ 25,000,000 |  | $ 36,815,000
Mezzanine loan | ILF/ALF/MC | Georgia |  |  |  |  |
Notes receivable activities |  |  |  |  |
Gross Investment |  |  | 42,251,000 |  |
Notes Receivable |  |  |  |  |
Notes receivable activities |  |  |  |  |
Gross Investment |  |  | $ 46,412,000 |  |
Subsequent Event | Mezzanine loan |  |  |  |  |
Notes receivable activities |  |  |  |  |
Amounts funded | $ 17,000,000 |  |  |  |
Loan Term | 5 years |  |  |  |
Interest rate (as a percent) | 8.75% |  |  |  |
IRR on mortgage loan on real estate property | 12.00% |  |  |  |
Number of units | item | 130 |  |  |  |

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- Definition The cash outflow to acquire an agreement for an unconditional promise by the maker to pay the entity (holder) a definite sum of money at a future date. Such amount may include accrued interest receivable in accordance with the terms of the note. The note also may contain provisions including a discount or premium, payable on demand, secured, or unsecured, interest bearing or noninterest bearing, among myriad other features and characteristics. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 13 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482740/230-10-45-13 + Details
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- Definition Amount of real estate investment property which may include the following: (1) land available-for-sale; (2) land available-for-development; (3) investments in building and building improvements; (4) tenant allowances; (5) developments in-process; (6) rental properties; and (7) other real estate investments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(1)(d)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479440/944-210-S99-1 + Details
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