Note 7. Receivables

Receivables at December 31, 2015 and 2014 are comprised of the following:


	December 31,
	2015	2014

Rents and other receivables, net	$ 2,439,000	$ 3,479,000
Straight-line rents	15,473,000	14,926,000
	$ 17,912,000	$ 18,405,000

During 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 during 2012. Subsequently, in March 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 2013, which is included in continuing operations in the accompanying consolidated statements of operations.