Quarterly report pursuant to Section 13 or 15(d)

Mortgage and Other Investing Receivables

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Mortgage and Other Investing Receivables
9 Months Ended
Sep. 30, 2013
Receivables [Abstract]  
Mortgage and Other Investing Receivables
Mortgage and Other Investing Receivables
 
Mortgage and other investing receivables consisted of the following (in thousands):
 
 
September 30,
2013
 
December 31,
2012
Notes receivable from City of Huntsville
$
40,321

 
$
33,252

Mortgage loan receivable

 
144

 
$
40,321

 
$
33,396


 
Our notes receivable from the City of Huntsville funded infrastructure costs in connection with our LW Redstone Company, LLC joint venture (see Note 5).  We did not have an allowance for credit losses in connection with our notes receivable at September 30, 2013 or December 31, 2012.  The fair value of these receivables approximated their carrying amounts at September 30, 2013 and December 31, 2012.