v3.26.1
Mortgage and Other Notes Receivable (Tables)
 6 Months Ended
Jun. 30, 2026
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 outstanding on our mortgage and other notes receivable as of June 30, 2026 ($ in thousands):

Year of Loan Origination
Prior
20262025202420232022YearsTotal
Mortgage notes:
More than 1.5x$7,300 $16,260 $27,424 $724 $14,763 $— $66,471 
Between 1.0x and 1.5x— 11,150 24,716 — — 14,700 50,566 
Less than 1.0x— 18,750 — — 28,499 6,423 53,672 
Total mortgage notes7,300 46,160 52,140 724 43,262 21,123 170,709 
Mezzanine loans:
More than 1.5x— — — — — 18,110 18,110 
Between 1.0x and 1.5x— 1,270 — — — 6,629 7,899 
Less than 1.0x— — — — — 9,795 9,795 
Total mezzanine loans— 1,270 — — — 34,534 35,804 
Non-performing notes:
Between 1.0x and 1.5x— — 1,199 — — — 1,199 
No coverage available— — — — — 12,000 12,000 
Total non-performing notes— — 1,199 — — 12,000 13,199 
Revolving lines of credit:
More than 1.5x4,475 
Between 1.0x and 1.5x350 
Total revolving lines of credit4,825 
Credit loss reserves(15,264)
Total mortgage and other notes
receivable, net$209,273 
Schedule of Changes in Credit Loss Reserves
The following table provides a summary of the change in our credit loss reserves for the six months ended June 30, 2026 ($ in thousands):

Balance at the beginning of the period$15,397 
Credit loss benefit(133)
Balance at the end of the period
$15,264