v3.25.2
Mortgage and Other Notes Receivable (Tables)
 6 Months Ended
Jun. 30, 2025
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]  
Schedule of Financing Receivable Credit Quality Indicators The following table summarizes the credit quality indicators related to the principal amounts due to us from mortgage and other notes receivable as of June 30, 2025 and is disaggregated based on the year of loan origination ($ in thousands):
Prior
20252024202320222021YearsTotal
Mortgages:
More than 1.5x$— $54,804 $725 $31,643 $— $32,700 $119,872 
Between 1.0x and 1.5x— — — 28,422 — — 28,422 
Less than 1.0x— — — — — 21,123 21,123 
— 54,804 725 60,065 — 53,823 169,417 
Mezzanine loans:
More than 1.5x— — 536 — 20,854 — 21,390 
Between 1.0x and 1.5x1,739 — — — 9,391 — 11,130 
Less than 1.0x— 11,590 234 — — 25,000 36,824 
1,739 11,590 770 — 30,245 25,000 69,344 
Non-performing notes:
Between 1.0x and 1.5x— 1,317 — — — — 1,317 
Less than 1.0x— — — — — 12,000 12,000 
— 1,317 — — — 12,000 13,317 
Revolver:
More than 1.5x18,326 
Credit loss reserves(17,465)
Total mortgage and other notes
receivable, net$252,939 
Schedule of Financing Receivable, Allowance for Credit Loss, Roll Forward
A summary of the changes in our credit loss reserves for the six months ended June 30, 2025 is presented in the table below ($ in thousands):

Balance at December 31, 2024$20,249 
Provision for expected credit losses(1,384)
Write-offs(1,400)
Balance at June 30, 2025
$17,465