XML 42 R22.htm IDEA: XBRL DOCUMENT
v3.21.1

MORTGAGE AND OTHER NOTES RECEIVABLE | 12 Months Ended
--- | ---
Dec. 31, 2020
Accounts Notes Loans And Financing Receivable Gross Allowance And Net [Abstract] |
MORTGAGE AND OTHER NOTES RECEIVABLE | NOTE 12. MORTGAGE AND OTHER NOTES RECEIVABLE The Company's mortgage note receivable is collateralized by an assignment of 100% of the partnership interests that own the real estate assets. Other notes receivable include amounts due from tenants and unsecured notes received from third parties as whole or partial consideration for property or investments. Mortgage and other notes receivable consist of the following:
|  |  |  | As of December 31, 2020 |  |  | As of December 31, 2019 |
|  | Maturity Date |  | Interest Rate |  |  | Balance |  |  | Interest Rate |  | Balance |
Mortgage |  | Dec 2016 | (1) | 2.64% |  |  | $ | 1,100 |  |  | 4.28% - 9.50% |  | $ | 2,637 |
Other Notes Receivable |  | Sep 2021- Apr 2026 |  | 4.00% - 5.00% |  |  |  | 1,237 |  |  | 4.00% - 5.00% |  |  | 2,025 |
|  |  |  |  |  |  |  | $ | 2,337 |  |  |  |  | $ | 4,662 |
(1) | Represents 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.
Expected credit losses As of December 31, 2020, the one mortgage note receivable is in default, but as noted above, the Company has a noncontrolling interest recorded related to the defaulting partner’s interest that serves as collateral on the note, and that amount is greater than the outstanding balance on the note. Based on this information, the Company did not record a credit loss for this class of receivables for the year ended December 31, 2020. During the year ended December 31, 2020, the Company assessed each of its note receivables factoring in credit quality indicators such as collection experience and future expectations of performance to determine whether a credit loss should be recorded. Based on this information, the Company wrote off a $1,230 note receivable associated with amounts due from a government sponsored district at The Shoppes at St. Clair during the year ended December 31, 2020. The Company did not record any other credit losses for this class of receivables for the year ended December 31, 2020.

X
- References No definition available. + Details
Name: | us-gaap_AccountsNotesLoansAndFinancingReceivableGrossAllowanceAndNetAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -URI http://asc.fasb.org/subtopic&trid=2196772 + Details
Name: | us-gaap_LoansNotesTradeAndOtherReceivablesDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration