Quarterly report pursuant to Section 13 or 15(d)

Investing Receivables

v3.19.1
Investing Receivables
3 Months Ended
Mar. 31, 2019
Receivables [Abstract]  
Investing Receivables
Investing Receivables
 
Investing receivables, including accrued interest thereon, consisted of the following (in thousands):
 
 
March 31,
2019
 
December 31,
2018
Notes receivable from the City of Huntsville
$
55,293

 
$
53,961

Other investing loans receivable
14,097

 
3,021

 
$
69,390

 
$
56,982


 
Our notes receivable from the City of Huntsville funded infrastructure costs in connection with our LW Redstone Company, LLC joint venture (see Note 6) and carry an interest rate of 9.95%. Our other investing loans receivable carry an interest rate of 8.0%.

We did not have an allowance for credit losses in connection with our investing receivables as of March 31, 2019 or December 31, 2018.  The fair value of these receivables was approximately $74 million as of March 31, 2019 and $58 million as of December 31, 2018.