SCHEDULE IV - MORTGAGE LOANS

12 Months Ended

Dec. 31, 2024

SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Abstract]

SCHEDULE IV - MORTGAGE LOANS

SCHEDULE IV - MORTGAGE LOANS

December 31, 2024

Description	Interest Rate	Maturity Date	Periodic Payment Terms	Prior Liens		Face Amount		Carrying Value
ABC Land and Development, Inc.	9.50%	6/30/2026	No payments until maturity	$	—	$	4,408	$	4,408
ABC Paradise, LLC	9.50%	6/30/2026	No payments until maturity	—		1,210		1,210
Autumn Breeze	5.00%	7/1/2025	No payments until maturity or conversion	23,878		1,451		1,451
Bellwether Ridge	5.00%	11/1/2026	No payments until maturity or conversion	17,363		3,798		3,798
Dominion at Mercer Crossing	8.50%	6/7/2028	No payments until maturity	38,077		6,167		6,167
Forest Pines	5.00%	5/1/2027	No payments until maturity or conversion	25,329		6,472		6,472
Inwood on the Park	4.96%	6/30/2028	Payments from excess property cash flows	24,889		20,208		20,208
Kensington Park	4.96%	3/31/2027	Payments from excess property cash flows	14,896		6,994		6,994
Lake Shore Villas	4.96%	12/31/2032	Payments from excess property cash flows	25,076		5,855		5,855
Prospectus Endeavors	6.00%	10/23/2029	No payments until maturity	—		496		496
McKinney Ranch	6.00%	9/15/2029	No payments until maturity	—		3,926		3,926
Ocean Estates II	4.96%	5/31/2028	Payments from excess property cash flows	1,642		3,615		3,615
One Realco Land Holding, Inc.	9.50%	6/30/2026	No payments until maturity	—		1,728		1,728
Parc at Ingleside	5.00%	11/1/2026	No payments until maturity or conversion	24,200		3,759		3,759
Parc at Opelika Phase II	10.00%	1/13/2023	No payments until maturity or conversion	22,367		3,190		3,190
Parc at Windmill Farms	5.00%	11/1/2022	No payments until maturity or conversion	34,237		7,886		7,886
Phillips Foundation for Better Living, Inc.	4.96%	3/31/2028	Payments from excess property cash flows	—		107		107
Plaza at Chase Oaks	4.96%	3/31/2028	Payments from excess property cash flows	8,658		11,772		11,772
Plum Tree	5.00%	4/26/2026	No payments until maturity or conversion	17,104		1,478		1,478
Polk County Land	9.50%	6/30/2026	No payments until maturity	—		3,000		3,000
Riverview on the Park Land, LLC	9.50%	6/30/2026	No payments until maturity	—		1,045		1,045
Spartan Land	6.00%	1/16/2027	No payments until maturity	—		5,907		5,907
Spyglass of Ennis	5.00%	11/1/2024	No payments until maturity or conversion	21,908		4,705		4,705
Steeple Crest	5.00%	8/1/2026	No payments until maturity or conversion	10,806		6,358		6,358
Timbers at The Park	4.96%	12/31/2032	Payments from excess property cash flows	12,879		11,146		11,146
Tuscany Villas	4.96%	4/30/2027	Payments from excess property cash flows	1,451		1,548		1,548
				$	324,760	$	128,229	$	128,229

SCHEDULE IV - MORTGAGE LOANS

As of December 31,

	2024		2023		2022
Balance at January 1,	$	133,837	$	129,304	$	129,726
Additions	—		6,500		1,229
Deductions	(5,608)		(1,967)		(1,651)
Balance at December 31,	$	128,229	$	133,837	$	129,304