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Combined Guarantor Subsidiaries - Mortgage and Other Notes Receivable (Tables)
 12 Months Ended
Dec. 31, 2019
Condensed Financial Statements Captions [Line Items]  
Schedule of Mortgage and Other Notes Receivable

Mortgage and other notes receivable consist of the following:

 

 

 

 

 

As of December 31, 2019

 

 

As of December 31, 2018

 

 

 

Maturity Date

 

Interest Rate

 

Balance

 

 

Interest Rate

 

Balance

 

Mortgages

 

Dec 2016 - Jan 2047

(1)

4.28% - 9.50%

 

$

2,637

 

 

4.00% - 9.50%

 

$

4,884

 

Other Notes Receivable

 

Sep 2021 - Apr 2026

 

4.00% - 5.00%

 

 

2,025

 

 

4.00% - 5.00%

 

 

2,788

 

 

 

 

 

 

 

$

4,662

 

 

 

 

$

7,672

 

 

 

( 1 )

Includes a $ 1,100 note with D'Iberville Promenade, LLC with a maturity date of December 2016, that is in default. This is secured by the joint venture partner’s interest in the joint venture.
Guarantor Subsidiaries  
Condensed Financial Statements Captions [Line Items]  
Schedule of Mortgage and Other Notes Receivable Mortgage and other notes receivable consist of the following:

 

 

 

 

 

As of December 31, 2019

 

 

As of December 31, 2018

 

 

 

Maturity

Date

 

Interest

Rate

 

 

Balance

 

 

Interest

Rate

 

 

Balance

 

Mortgages:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The Promenade (1)

 

June 2020

 

5.00%

 

 

$

47,514

 

 

5.00%

 

 

$

47,514

 

Hamilton Corner (1)(2)

 

Feb 2020

 

5.67%

 

 

 

14,295

 

 

5.67%

 

 

 

14,295

 

The Terrace (1)

 

June 2020

 

7.25%

 

 

 

11,977

 

 

 

 

 

 

 

—

 

Forum at Grandview (1)(3)

 

Sep 2023

 

5.25%

 

 

 

—

 

 

5.25%

 

 

 

12,400

 

Village Square (4)

 

Sep 2019

 

 

 

 

 

 

—

 

 

4.00%

 

 

 

1,308

 

 

 

 

 

 

 

 

 

 

73,786

 

 

 

 

 

 

 

75,517

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other Notes Receivable:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Community improvement district

 

Aug 2028

 

6.75%

 

 

 

1,230

 

 

7.50%

 

 

 

1,230

 

 

 

 

 

 

 

 

 

$

75,016

 

 

 

 

 

 

$

76,747

 

 

(1)

The mortgaged property is owned by an entity that is controlled by the Operating Partnership and included in the Operating Partnership’s consolidated financial statements. The mortgage note receivable is interest only.

(2)

The note was amended subsequent to December 31, 2019 to extend the maturity date. See Note 15 for additional information.

(3)

The property was sold in July 2019.

(4)

The note was retired in 2019