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Preferred Equity and Mezzanine Loan Investments
 12 Months Ended
Dec. 31, 2019
Variable Interest Entity, Nonconsolidated, Carrying Amount, Assets and Liabilities, Net [Abstract]  
Preferred Equity and Mezzanine Loan Investments
Preferred Equity and Mezzanine Loan Investments

Preferred equity and mezzanine loan investments consist of the following as of December 31, 2019 and 2018, respectively (dollar amounts in thousands):
 
December 31, 2019
 
December 31, 2018
Investment amount
$
181,409

 
$
166,789

Deferred loan fees, net
(1,364
)
 
(1,234
)
   Total
$
180,045

 
$
165,555



There were no delinquent preferred equity or mezzanine loan investments as of December 31, 2019 and 2018.
The geographic concentrations of credit risk exceeding 5% of the total preferred equity and mezzanine loan investment amounts as of December 31, 2019 and 2018, respectively, are as follows:
 
December 31, 2019
 
December 31, 2018
Tennessee
12.3
%
 
6.8
%
Florida
12.0
%
 
11.3
%
Georgia
11.8
%
 
15.3
%
Texas
10.6
%
 
16.6
%
Alabama
10.0
%
 
8.6
%
Virginia
8.4
%
 
9.1
%
South Carolina
6.3
%
 
9.5
%
New Jersey
5.0
%
 
2.6
%