Note 8. Receivables

Receivables at December 31, 2014 and 2013 are comprised of the following:


	December 31,
	2014	2013

Rents and other receivables, net	$ 3,479,000	$ 3,282,000
Straight-line rents	14,926,000	15,210,000
	$ 18,405,000	$ 18,492,000

During the fourth quarter of 2012, a $4.1 million loan receivable collateralized by a mortgage on a development parcel went into default. The Company concluded that the loan was unlikely to be paid and wrote off the loan and accrued interest, resulting in an impairment charge of $4.4 million during 2012, which is included in continuing operations in the accompanying consolidated statements of operations. Subsequently, on March 28, 2013, the borrowers sold the development land parcel for approximately $1.1 million and, simultaneously, the Company accepted $1.1 million in full satisfaction of the loan. As a result, the Company recorded an impairment reversal of $1.1 million during the first quarter of 2013, which is included in continuing operations in the accompanying consolidated statements of operations.