XML 40 R31.htm IDEA: XBRL DOCUMENT v3.20.2
Mortgages and Notes Payable (Tables)
9 Months Ended
Sep. 30, 2020
Debt Disclosure [Abstract]  
Schedule of notes and interest payable

The following table summarizes our mortgages and other notes payable as of September 30, 2020 and December 31, 2019:

 

    Carrying value     Effective Interest        
Property / Entity   September 30, 2020     December 31, 2019     Rate     Maturity Date  
600 Las Colinas Building   $ 35,773     $ 36,302       5.30 %     11/1/23  
770 South Post Oak  Building     11,924       12,077       4.40 %     06/1/25  
Bridgeview Plaza  Shopping Center (1)           3,824       7.75 %     11/1/20  
Chelsea Apartments     8,627       8,749       3.40 %     12/1/50  
EQK Portage-Kent Ohio Land(2)     3,350             10.00 %     11/13/24  
Estate of Robert Shaw(3)     16,166       17,353       9.50 %     7/5/20  
Farnham Apartments(4)           9,144       3.39 %     12/1/50  
Forest Pines Phase II(5)           1,390       3.75 %     5/5/24  
Forest Pines Phase II Apartments(5)     7,057             3.75 %     5/5/24  
Landing Apartments     15,286       15,467       3.50 %     9/1/53  
LD Athens Lindsay Ln Land     1,155       1,155       5.90 %     2/28/21  
Legacy at Pleasant Grove Apartments     13,727       13,944       3.60 %     4/1/48  
McKinney 36 Land     856       944       8.00 %     6/30/22  
New Concept Energy     3,542       4,000       6.00 %     9/30/21  
Overlook at Allensville Phase II Apartments     15,666       15,798       3.80 %     5/1/59  
Parc at Denham Spring Phase II Apartments     16,168       14,785       4.10 %     2/1/60  
Stanford Center Building     39,191       39,255       6.00 %     12/26/21  
Sugar Mill Phase III Apartments           5,908       4.50 %     2/1/60  
Sugar Mill Phase III Apartments     8,906             4.50 %     2/1/60  
Toulon Apartments     18,283       18,465       3.20 %     12/1/51  
Villager Apartments(6)           556       2.50 %     3/1/43  
Villas at Bon Secour Apartments     10,860       11,026       4.00 %     1/1/22  
Vista Ridge Apartments     10,015       10,122       4.00 %     8/1/53  
Windmill Farms Land     12,391       13,830       6.00 %     2/28/21  
Total   $ 248,943     $ 254,094                  

 

(1) On September 14, 2020, we paid off the loan in connection with the sale of the underlining property (See Note 7 – Real Estate Activity).
(2) On March 5, 2020, we acquired 49.2 acres of land in Kent, Ohio in exchange for the note payable.
(3) We are currently negotiating an extension of the loan with the lender.
(4) On July 16, 2020, the loan was assumed by a third party in connection with the sale of the underlying property (See Note 7 – Real Estate Activity).
(5) The loan bears interest at prime rate plus 0.5%.
(6) On May 1, 2020, the loan was assumed by a third party in connection to sale of the underlying property (See Note 7 – Real Estate Activity).