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Preferred Equity and Mezzanine Loan Investments | 9 Months Ended
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Sep. 30, 2019
Variable Interest Entity, Nonconsolidated, Carrying Amount, Assets and Liabilities, Net [Abstract] |
Preferred Equity and Mezzanine Loan Investments | Preferred Equity and Mezzanine Loan Investments P referred equity and mezzanine loan investments consist of the following as of September 30, 2019 and December 31, 2018 (dollar amounts in thousands):
| September 30, 2019 |  | December 31, 2018
Investment amount | $ | 180,394 |  |  | $ | 166,789 |
Deferred loan fees, net | (1,397 | ) |  | (1,234 | )
Total | $ | 178,997 |  |  | $ | 165,555 |
There were no delinquent preferred equity or mezzanine loan investments as of September 30, 2019 and December 31, 2018. The geographic concentrations of credit risk exceeding 5% of the total preferred equity and mezzanine loan investment amounts as of September 30, 2019 and December 31, 2018 are as follows:
| September 30, 2019 |  | December 31, 2018
Tennessee | 12.2 | % |  | 6.8 | %
Georgia | 11.7 | % |  | 15.3 | %
Texas | 10.6 | % |  | 16.6 | %
Alabama | 10.0 | % |  | 8.6 | %
Florida | 9.4 | % |  | 11.3 | %
South Carolina | 9.1 | % |  | 9.5 | %
Virginia | 8.5 | % |  | 9.1 | %
New Jersey | 5.0 | % |  | 2.6 | %

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- Definition The entire disclosure for a variable interest entity (VIE), including but not limited to, judgments and assumptions in determining whether to consolidate and in identifying the primary beneficiary, gain (loss) recognized on the initial consolidation of the VIE, terms of arrangements, amounts and classification of the VIE's assets and liabilities, and the entity's maximum exposure to loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -URI http://asc.fasb.org/topic&trid=2197479 + Details
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- References No definition available. + Details
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