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Notes Receivable (Tables)
 3 Months Ended
Mar. 31, 2015
Receivables [Abstract]  
Components of Notes Receivable

Notes receivable consisted of the following (in thousands):

 

 

March 31, 2015

 

 

December 31, 2014

 

Loans receivable

$

46,642

 

 

$

52,444

 

Tax Increment Financing Bonds

   ("TIF Bonds") and other (A)

 

542

 

 

 

3,801

 

 

$

47,184

 

 

$

56,245

 

(A)

Principal and interest are payable solely from the incremental real estate taxes, if any, generated by the respective shopping center and development project pursuant to the terms of the financing agreement.  
Loans Receivable on Real Estate

The following table reconciles the loans receivable on real estate for the three-month periods ended March 31, 2015 and 2014 (in thousands):

 

2015

 

 

2014

 

Balance at January 1

$

52,444

 

 

$

72,218

 

Additions:

 

 

 

 

 

 

 

Interest

 

—

 

 

 

473

 

Accretion of discount

 

240

 

 

 

227

 

Deductions:

 

 

 

 

 

 

 

Payments of principal and interest

 

(6,042

)

 

 

(113

)

Balance at March 31

$

46,642

 

 

$

72,805