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Notes Receivable
12 Months Ended
Dec. 31, 2020
Receivables [Abstract]  
Notes Receivable Notes Receivable
The following table summarizes our notes receivables at December 31, 2020 and 2019:
Carrying ValueInterest
Rate
Maturity
Date
Borrower / Project20202019
ABC Land and Development, Inc.$4,408 $4,408 9.50 %6/30/2021
ABC Paradise, LLC1,210 1,210 9.50 %6/30/2021
Autumn Breeze(1)1,867 1,302 5.00 %7/1/2022
Bellwether Ridge(1)3,858 3,765 5.00 %11/1/2021
Centura Towers— 19,845 2.28 %12/28/2022
Forest Pines(1)2,869 2,868 5.00 %11/1/2022
JEM Holdings, Inc.— 300 6.00 %7/1/2016
Lake Wales3,000 3,000 9.50 %6/30/2021
Legacy Pleasant Grove496 496 12.00 %10/23/2022
McKinney Ranch4,554 4,554 6.00 %9/15/2022
One Realco Land Holding, Inc.1,728 1,728 9.50 %6/30/2021
Oulad-Chikh Family Trust— 174 8.00 %3/1/2021
Parc at Ingleside(1)2,523 1,531 5.00 %12/1/2021
Parc at Windmill Farms(1)7,803 7,602 5.00 %11/1/2022
Phillips Foundation for Better Living, Inc.(2)— 314 12.00 %3/31/2022
Phillips Foundation for Better Living, Inc.(2)61 — 12.00 %3/31/2023
Plum Tree(1)857 413 5.00 %4/26/2026
Riverview on the Park Land, LLC1,045 1,045 9.50 %6/30/2021
RNC Portfolio, Inc.8,853 8,802 5.00 %9/1/2024
Spartan Land5,907 5,907 12.00 %1/16/2023
Spyglass of Ennis(1)5,360 5,288 5.00 %11/1/2022
Steeple Crest(1)6,498 6,665 5.00 %8/1/2021
Unified Housing Foundation, Inc. (2)(3)2,880 3,793 12.00 %7/31/2021
Unified Housing Foundation, Inc. (2)(3)212 212 12.00 %8/30/2021
Unified Housing Foundation, Inc. (2)(3)6,831 6,831 12.00 %10/31/2021
Unified Housing Foundation, Inc. (2)(3)10,896 10,926 12.00 %12/31/2021
Unified Housing Foundation, Inc. (2)(3)10,096 10,096 12.00 %3/31/2022
Unified Housing Foundation, Inc. (2)(3)6,990 — 12.00 %3/31/2023
Unified Housing Foundation, Inc. (2)(3)3,615 — 12.00 %5/31/2023
Unified Housing Foundation, Inc. (2)(3)26,209 30,012 12.00 %12/31/2032
$130,626 $143,087 

(1)    The note is convertible, at our option, into a 100% ownership interest in the underlying development property, and are collateralized by the underlying development property.
(2)     The borrower is determined to be a related party due to our significant investment in the performance of the collateral secured by the notes receivable.
(3)    Principal and interest payments on the notes from Unified Housing Foundation, Inc. (“UHF”) are funded from surplus cash flow from operations, sale or refinancing of the underlying properties and are cross collateralized to the extent that any surplus cash available from any of the properties underlying the notes.