MORTGAGE AND OTHER NOTES RECEIVABLE (Tables)

12 Months Ended

Dec. 31, 2015

Mortgage and Other Notes Receivable [Abstract]

Schedule of mortgage and other notes receivable

Mortgage and other notes receivable consist of the following:



		As of December 31, 2015			As of December 31, 2014
	Maturity Date	Interest Rate	Balance		Interest Rate	Balance
Mortgages:
Columbia Place Outparcel ⁽¹⁾	Feb 2022	5.00%	$	342	5.00%	$	360
Park Place	May 2022	5.00%	1,369		5.00%	1,566
Village Square	Mar 2016	3.50%	1,685		3.50%	1,711
Other	Dec 2016 - Jan 2047	2.93% - 9.50%	4,380		2.67% - 9.50%	5,686
			7,776			9,323
Other Notes Receivable:
Horizon Group ⁽²⁾	Nov 2016	7.00%	3,096		—%	—
RED Development Inc.	Nov 2023	5.00%	7,366		5.00%	7,429
Woodstock land ⁽³⁾	Feb 2016	10.00%	—		10.00%	3,059
			10,462			10,488

			$	18,238		$	19,811


(1)	In the fourth quarter of 2014, Columbia Joint Venture, a subsidiary of the Company, received a $360 promissory note in conjunction with the $400 sale of an outparcel.


(2)	In the fourth quarter of 2015, Mortgage Holdings, LLC, a subsidiary of the Company, entered into a $5,280 loan agreement, with an affiliate of Horizon Group Properties, Inc., the Company's noncontrolling interest partner in an outlet center project. The loan is secured by a pledge of Horizon Group Properties' interest in another outlet center project owned in a joint venture with the Company.

(3)

In the fourth quarter of 2015, Woodstock GA Investments, LLC, a joint venture in which the Company owns a 75.0% interest, and other partners, sold their interests and closed on a $2,600 loan, which was used to repay the loan secured by an interest in land in Woodstock, GA, adjacent to the site of The Outlet Shoppes at Atlanta. The note receivable had previously been extended through several amendments in 2014 and 2015.