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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 %6/30/21
ABC Paradise, LLC1,210 1,210 9.50 %6/30/21
Autumn Breeze(1)1,867 1,302 5.00 %7/1/22
Bellwether Ridge(1)3,858 3,765 5.00 %11/1/21
Forest Pines(1)2,869 2,868 5.00 %11/1/22
JEM Holdings, Inc.— 300 6.00 %7/1/16
Lake Wales3,000 3,000 9.50 %6/30/21
Legacy Pleasant Grove496 496 12.00 %10/23/22
McKinney Ranch4,554 4,554 6.00 %9/15/22
One Realco Land Holding, Inc.1,728 1,728 9.50 %6/30/21
Oulad-Chikh Family Trust— 174 8.00 %3/1/21
Parc at Ingleside(1)2,523 1,531 5.00 %12/1/21
Parc at Windmill Farms(1)7,803 7,602 5.00 %11/1/22
Phillips Foundation for Better Living, Inc.(2)— 314 12.00 %3/31/22
Phillips Foundation for Better Living, Inc.(2)61 — 12.00 %3/31/23
Plum Tree(1)857 413 5.00 %4/26/26
Riverview on the Park Land, LLC1,045 1,045 9.50 %6/30/21
RNC Portfolio, Inc.8,853 8,802 5.00 %9/1/24
Spartan Land5,907 5,907 12.00 %1/16/23
Spyglass of Ennis(1)5,360 5,288 5.00 %11/1/22
Steeple Crest(1)6,498 6,665 5.00 %8/1/21
Unified Housing Foundation, Inc. (2)(3)2,880 3,793 12.00 %7/31/21
Unified Housing Foundation, Inc. (2)(3)212 212 12.00 %8/30/21
Unified Housing Foundation, Inc. (2)(3)6,831 6,831 12.00 %10/31/21
Unified Housing Foundation, Inc. (2)(3)10,896 10,926 12.00 %12/31/21
Unified Housing Foundation, Inc. (2)(3)10,096 10,096 12.00 %3/31/22
Unified Housing Foundation, Inc. (2)(3)6,990 — 12.00 %3/31/23
Unified Housing Foundation, Inc. (2)(3)3,615 — 12.00 %5/31/23
Unified Housing Foundation, Inc. (2)(3)19,139 19,127 12.00 %12/31/32
$123,556 $112,357 

(1)    The note is convertible, at our option, into a 100% ownership interest in the underlying development property, and is 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.