Annual report pursuant to Section 13 and 15(d)

Mortgage and Other Investing Receivable (Notes)

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Mortgage and Other Investing Receivable (Notes)
12 Months Ended
Dec. 31, 2013
Receivables [Abstract]  
Mortgage and Other Investing Receivables
Mortgage and Other Investing Receivables
 
Mortgage and other investing receivables, including accrued interest thereon, consisted of the following (in thousands):
 
 
 
December 31,
 
 
2013
 
2012
Notes receivable from City of Huntsville
 
$
44,055

 
$
35,654

Mortgage loans receivable
 
9,608

 
144

 
 
$
53,663

 
$
35,798


 
Our notes receivable from the City of Huntsville funded infrastructure costs in connection with our LW Redstone Company, LLC joint venture (see Note 6).  As of December 31, 2013, our mortgage loans receivable reflected above consisted of one loan secured by a property in Greater Baltimore. We did not have an allowance for credit losses in connection with our mortgage and other investing receivables as of December 31, 2013 or December 31, 2012.  The fair value of these receivables approximated their carrying amounts as of December 31, 2013 and December 31, 2012.