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NOTES RECEIVABLE FROM MOBILE HOME PARKS (Tables) - Notes Receivable from Mobile Home Parks

3 Months Ended

Mar. 31, 2024

Accounts, Notes, Loans and Financing Receivable [Line Items]

Schedule of notes receivable

​

​	​	​	​	​	​	​
​	​	As of March 31,		​	As of December 31,
​	​	2024		​	2023
Outstanding principal balance	​	$	184,435	​	$	184,280
Loan discount and deferred financing fees	​	​	(1,257)	​	​	(1,565)
Allowance for loan losses	​		(616)	​		(735)
Total	​	$	182,562	​	$	181,980

Schedule of allowance for loan losses

​

​	​	​	​	​	​	​
​	​	Three months ended March 31,		​	Three months ended March 31,
​	​	2024		​	2023
Allowance for loan losses, beginning of period	​	$	735	​	$	—
Provision for loan losses	​	​	(119)	​	​	205
Charge offs (recoveries)	​		—	​		—
Allowance for loan losses, end of period	​	$	616	​	$	205

Schedule of impaired and general reserve for allowance for loan losses

​

​	​	​	​	​	​	​
​	​	As of March 31,		​	As of December 31,
​	​	2024		​	2023
Total MHP loans	​	$	184,435	​	$	184,280
Allowance for loan losses	​	​	616	​	​	735
Impaired loans individually evaluated for impairment	​	​	29,884	​	​	31,215
Specific reserve against impaired loans	​	​	5	​	​	5
Other loans collectively evaluated for allowance	​		154,552	​		153,065
General allowance for loan losses	​	​	611	​	​	730

Schedule of disaggregation of outstanding principal balance of consumer loans receivable

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Year of Origination

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2024

​

2023

​

2022

​

2021

​

2020

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Prior

​

Total

​

% of Portfolio

< 30 days past due

​

$

6,247

​

$

44,028

​

$

46,610

​

$

25,829

​

$

31,134

​

$

3,855

​

$

157,703

​

%

85.5

30-90 days past due

​

​

—

​

​

11,950

​

​

4,340

​

​

8,328

​

​

1,948

​

​

—

​

​

26,566

​

​

14.4

> 90 days past due

​

​

—

​

​

120

​

​

46

​

​

—

​

​

—

​

​

—

​

​

166

​

​

0.1

Total

​

$

6,247

​

$

56,098

​

$

50,996

​

$

34,157

​

$

33,082

​

$

3,855

​

$

184,435

​

%

100

​

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Tabular disclosure of allowance for credit loss on financing receivable.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479319/326-20-50-13

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-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 11B
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481962/310-10-50-11B

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Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479319/326-20-50-5

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-Section 50
-Paragraph 29
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481962/310-10-50-29

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