Mortgages and Other Notes Payable (Tables)

6 Months Ended

Jun. 30, 2024

Debt Disclosure [Abstract]

Schedule of Debt

The following table summarizes our mortgages and other notes payable as of June 30, 2024 and December 31, 2023:

	Carrying Value				Interest Rate		Maturity Date
Property/ Entity	June 30, 2024		December 31, 2023
770 South Post Oak	$	11,064	$	11,187	4.40	%	6/1/2025
Blue Lake Villas	9,415		9,503		3.15	%	11/1/2055
Blue Lake Villas Phase II	3,310		3,349		2.85	%	6/1/2052
Chelsea	7,973		8,064		3.40	%	12/1/2050
EQK Portage	3,350		3,350		10.00	%	11/13/2024
Forest Grove(1)	6,890		6,988		3.75	%	7/5/2024
Landing on Bayou Cane	14,303		14,442		3.50	%	9/1/2053
Legacy at Pleasant Grove	12,550		12,716		3.60	%	4/1/2048
New Concept Energy(4)	3,542		3,542		5.34	%	9/30/2025
Northside on Travis	11,260		11,394		2.50	%	2/1/2053
Parc at Denham Springs	16,225		16,399		3.75	%	4/1/2051
Parc at Denham Springs Phase II	15,515		15,608		4.05	%	2/1/2060
RCM HC Enterprises	5,086		5,086		5.00	%	12/31/2024
Residences at Holland Lake	10,322		10,424		3.60	%	3/1/2053
Villas at Bon Secour	19,003		19,205		3.08	%	9/1/2031
Villas of Park West I(2)	9,083		9,181		3.04	%	3/1/2053
Villas of Park West II(2)	8,246		8,334		3.18	%	3/1/2053
Vista Ridge	9,428		9,512		4.00	%	8/1/2053
Windmill Farms(3)	4,393		4,399		7.50	%	2/28/2026
	$	180,958	$	182,683

(1)    On July 10, 2024, we replaced the existing loan on the property with a $6,558 loan that bears interest at SOFR plus 1.85% and matures on July 10, 2031.

(2)     On October 16, 2023, we received approval from the lender to assume the loan on the property that we acquired from our joint venture (See Note 10 - Investment in Unconsolidated Joint Ventures).

(2)    On February 8, 2024, we extended the maturity to February 28, 2026 at an interest rate of 7.50%.

(4)    On June 6, 2024, we extended the maturity of the loan to September 30, 2027 with an interest rate at SOFR.