Quarterly report pursuant to Section 13 or 15(d)

Mortgage and Other Investing Receivables

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Mortgage and Other Investing Receivables
3 Months Ended
Mar. 31, 2014
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):
 
 
March 31,
2014
 
December 31,
2013
Notes receivable from City of Huntsville
$
45,381

 
$
44,055

Mortgage loan receivable
9,850

 
9,608

 
$
55,231

 
$
53,663


 
Our notes receivable from the City of Huntsville funded infrastructure costs in connection with our LW Redstone Company, LLC joint venture (see Note 5).  The mortgage loan 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 March 31, 2014 or December 31, 2013.  The fair value of these receivables approximated their carrying amounts as of March 31, 2014 and December 31, 2013.