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Real Estate | 6 Months Ended
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Jun. 30, 2022
Real Estate [Abstract] |
Real Estate | Note 4—Real Estate The Company’s real estate assets were comprised of the following ($ in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | As of
​ | ​ | June 30, 2022 |  | December 31, 2021
Land, at cost | ​ | $ | 7,125 | ​ | $ | 6,831
Buildings and improvements, at cost | ​ |  | 104,784 | ​ |  | 106,679
Less: accumulated depreciation | ​ |  | (21,678) | ​ |  | (21,360)
Real estate, net | ​ |  | 90,231 | ​ |  | 92,150
Real estate available and held for sale(1) | ​ |  | 1,970 | ​ |  | 301
Total real estate | ​ | $ | 92,201 | ​ | $ | 92,451
(1) | As of June 30, 2022 and December 31, 2021, the Company had $2.0 million and $0.3 million, respectively, of residential homes/condominiums available for sale in its operating properties portfolio.
Dispositions—Refer to Note 3 - Net Lease Sale and Discontinued Operations. Impairments—During the three and six months ended June 30, 2022, the Company recognized an impairment of $1.8 million on an operating property based on the expected cash flows to be received. Tenant Reimbursements—The Company receives reimbursements from tenants for certain facility operating expenses including common area costs, insurance, utilities and real estate taxes. Tenant expense reimbursements were $0.7 million and $1.4 million for the three and six months ended June 30, 2022, respectively, and $0.8 million and $1.4 million for the three and six months ended June 30, 2021, respectively. These amounts are included in “Operating lease income” in the Company’s consolidated statements of operations. Allowance for Doubtful Accounts—As of June 30, 2022 and December 31, 2021, the allowance for doubtful accounts related to real estate tenant receivables was $0.1 million and $0.1 million, respectively. These amounts are included in “Accrued interest and operating lease income receivable, net” on the Company’s consolidated balance sheets. Future Minimum Operating Lease Payments—Future minimum operating lease payments to be collected under non-cancelable operating leases, excluding customer reimbursements of expenses, in effect as of June 30, 2022, are as follows by year ($ in thousands):
​ | ​ | ​ | ​
​ |  | Operating
Year | ​ | Properties
2022 (remaining six months) | ​ | $ | 3,236
2023 | ​ |  | 6,322
2024 | ​ |  | 6,206
2025 | ​ |  | 5,600
2026 | ​ |  | 5,125
Thereafter | ​ |  | 4,361
​

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- Definition The entire disclosure for certain real estate investment financial statements, real estate investment trust operating support agreements, real estate owned, retail land sales, time share transactions, as well as other real estate related disclosures. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 970 -URI http://asc.fasb.org/topic&trid=2156125 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 978 -URI http://asc.fasb.org/topic&trid=2134977 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 976 -URI http://asc.fasb.org/topic&trid=2134846 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 974 -URI http://asc.fasb.org/topic&trid=2156429 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 972 -URI http://asc.fasb.org/topic&trid=2134617 + Details
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