XML 68 R57.htm IDEA: XBRL DOCUMENT v3.24.2.u1
NOTES RECEIVABLE FROM MOBILE HOME PARKS - Narrative (Details)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2034
USD ($)
Jun. 30, 2024
USD ($)
Mar. 31, 2024
USD ($)
Jun. 30, 2023
USD ($)
Jun. 30, 2024
USD ($)
item
Jun. 30, 2023
USD ($)
Dec. 31, 2023
USD ($)
item
Mar. 31, 2023
USD ($)
Receivables                
Accrued interest rate         17.50%      
Default loans included in notes receivable from MHP   $ 21,000     $ 21,000      
Default loans included in other notes receivable   11,000     $ 11,000      
Property, Plant and Equipment                
Receivables                
Foreclosed assets     $ 1,100          
Other assets                
Receivables                
Foreclosed assets $ 4,300   1,200          
Notes Receivable from Mobile Home Parks                
Receivables                
Interest rate on the MHP Notes         8.00%   8.00%  
Unamortized finance fees   1,232     $ 1,232   $ 1,565  
Charge offs   0   $ 0 0 $ 0    
Allowance for loan losses   711 $ 616 $ 358 711 $ 358 735 $ 205
Outstanding principal balance   184,730     $ 184,730   $ 184,280  
Accrued interest rate         17.50%      
Notes Receivable from Mobile Home Parks | Credit concentration risk | Pertaining to independent third parties                
Receivables                
Number of Independent third parties | item         3   3  
Notes Receivable from Mobile Home Parks | Financial Asset, Past Due                
Receivables                
Outstanding principal balance   156     $ 156   $ 98  
Notes Receivable from Mobile Home Parks | Credit concentration risk | Independent third party and affiliates one                
Receivables                
Percentage of concentration risk         23.80%   24.50%  
Notes Receivable from Mobile Home Parks | Credit concentration risk | Independent third party and affiliates two                
Receivables                
Percentage of concentration risk         14.90%   17.90%  
Notes Receivable from Mobile Home Parks | Credit concentration risk | Independent third party and affiliates three                
Receivables                
Percentage of concentration risk         13.30%   14.00%  
MHP and Other Notes Receivable | Credit concentration risk | Independent third party and affiliates one | Independent Third Party One                
Receivables                
Outstanding principal balance   49,000     $ 49,000      
Receivables currently in default and are the subject of ongoing litigation   $ 32,000     $ 32,000      
Minimum | Notes Receivable from Mobile Home Parks                
Receivables                
Fixed rate of interest (as a percent)         6.90%      
Term of notes receivables         1 year      
Maximum | Notes Receivable from Mobile Home Parks                
Receivables                
Fixed rate of interest (as a percent)         12.50%      
Term of notes receivables         10 years