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SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION - Schedule of Real Estate and Accumulated Depreciation (Details) - USD ($) $ in Thousands | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017
--- | --- | --- | --- | ---
Encumbrances | $ 306,916 |  |  |
Initial Cost, Land | 122,968 |  |  |
Initial Cost, Buildings | 297,644 |  |  |
Cost Capitalized Subsequent to Acquisition | 39,189 |  |  |
Land | 130,691 |  |  |
Building & Improvements | 329,110 |  |  |
Total | 459,801 | $ 477,963 | $ 463,732 | $ 1,165,662
Accumulated Depreciation | 82,418 | $ 90,173 | $ 79,228 | $ 177,546
Multifamily |  |  |  |
Encumbrances | 119,104 |  |  |
Initial Cost, Land | 16,847 |  |  |
Initial Cost, Buildings | 150,481 |  |  |
Cost Capitalized Subsequent to Acquisition | 437 |  |  |
Land | 17,225 |  |  |
Building & Improvements | 150,540 |  |  |
Total | 167,765 |  |  |
Accumulated Depreciation | 13,736 |  |  |
Multifamily | Chelsea |  |  |  |
Encumbrances | 8,194 |  |  |
Initial Cost, Land | 1,225 |  |  |
Initial Cost, Buildings | 11,230 |  |  |
Cost Capitalized Subsequent to Acquisition | 6 |  |  |
Land | 1,231 |  |  |
Building & Improvements | 11,230 |  |  |
Total | 12,461 |  |  |
Accumulated Depreciation | 596 |  |  |
Multifamily | Forest Grove |  |  |  |
Encumbrances | 7,333 |  |  |
Initial Cost, Land | 1,440 |  |  |
Initial Cost, Buildings | 10,234 |  |  |
Cost Capitalized Subsequent to Acquisition | 26 |  |  |
Land | 1,440 |  |  |
Building & Improvements | 10,260 |  |  |
Total | 11,700 |  |  |
Accumulated Depreciation | 150 |  |  |
Multifamily | Landing Bayou |  |  |  |
Encumbrances | 14,643 |  |  |
Initial Cost, Land | 2,011 |  |  |
Initial Cost, Buildings | 18,255 |  |  |
Cost Capitalized Subsequent to Acquisition | 14 |  |  |
Land | 2,011 |  |  |
Building & Improvements | 18,269 |  |  |
Total | 20,280 |  |  |
Accumulated Depreciation | 948 |  |  |
Multifamily | Legacy at Pleasant Grove |  |  |  |
Encumbrances | 13,653 |  |  |
Initial Cost, Land | 2,005 |  |  |
Initial Cost, Buildings | 18,109 |  |  |
Cost Capitalized Subsequent to Acquisition | 0 |  |  |
Land | 2,005 |  |  |
Building & Improvements | 18,109 |  |  |
Total | 20,114 |  |  |
Accumulated Depreciation | 2,761 |  |  |
Multifamily | Overlook at Allenville Phase II |  |  |  |
Encumbrances | 15,621 |  |  |
Initial Cost, Land | 2,410 |  |  |
Initial Cost, Buildings | 17,033 |  |  |
Cost Capitalized Subsequent to Acquisition | 12 |  |  |
Land | 2,410 |  |  |
Building & Improvements | 17,045 |  |  |
Total | 19,455 |  |  |
Accumulated Depreciation | 749 |  |  |
Multifamily | Parc at Denham Springs II |  |  |  |
Encumbrances | 16,128 |  |  |
Initial Cost, Land | 1,505 |  |  |
Initial Cost, Buildings | 16,975 |  |  |
Cost Capitalized Subsequent to Acquisition | 0 |  |  |
Land | 1,505 |  |  |
Building & Improvements | 16,975 |  |  |
Total | 18,480 |  |  |
Accumulated Depreciation | 449 |  |  |
Multifamily | Sugar Mill Phase III |  |  |  |
Encumbrances | 9,298 |  |  |
Initial Cost, Land | 576 |  |  |
Initial Cost, Buildings | 9,755 |  |  |
Cost Capitalized Subsequent to Acquisition | 7 |  |  |
Land | 576 |  |  |
Building & Improvements | 9,762 |  |  |
Total | 10,338 |  |  |
Accumulated Depreciation | 138 |  |  |
Multifamily | Toulon |  |  |  |
Encumbrances | 13,975 |  |  |
Initial Cost, Land | 1,621 |  |  |
Initial Cost, Buildings | 20,107 |  |  |
Cost Capitalized Subsequent to Acquisition | 372 |  |  |
Land | 1,993 |  |  |
Building & Improvements | 20,107 |  |  |
Total | 22,100 |  |  |
Accumulated Depreciation | 4,775 |  |  |
Multifamily | Villas at Bon Secour |  |  |  |
Encumbrances | 10,280 |  |  |
Initial Cost, Land | 2,715 |  |  |
Initial Cost, Buildings | 15,385 |  |  |
Cost Capitalized Subsequent to Acquisition | 0 |  |  |
Land | 2,715 |  |  |
Building & Improvements | 15,385 |  |  |
Total | 18,100 |  |  |
Accumulated Depreciation | 929 |  |  |
Multifamily | Vista Ridge |  |  |  |
Encumbrances | 9,979 |  |  |
Initial Cost, Land | 1,339 |  |  |
Initial Cost, Buildings | 13,398 |  |  |
Cost Capitalized Subsequent to Acquisition | 0 |  |  |
Land | 1,339 |  |  |
Building & Improvements | 13,398 |  |  |
Total | 14,737 |  |  |
Accumulated Depreciation | 2,241 |  |  |
Development |  |  |  |
Encumbrances | 0 |  |  |
Initial Cost, Land | 6,637 |  |  |
Initial Cost, Buildings | 0 |  |  |
Cost Capitalized Subsequent to Acquisition | 532 |  |  |
Land | 6,637 |  |  |
Building & Improvements | 532 |  |  |
Total | 7,169 |  |  |
Accumulated Depreciation | 0 |  |  |
Development | Forest Pines |  |  |  |
Encumbrances | 0 |  |  |
Initial Cost, Land | 3,600 |  |  |
Initial Cost, Buildings | 0 |  |  |
Cost Capitalized Subsequent to Acquisition | 301 |  |  |
Land | 3,600 |  |  |
Building & Improvements | 301 |  |  |
Total | 3,901 |  |  |
Accumulated Depreciation | 0 |  |  |
Development | Heritage McKinney |  |  |  |
Encumbrances | 0 |  |  |
Initial Cost, Land | 3,037 |  |  |
Initial Cost, Buildings | 0 |  |  |
Cost Capitalized Subsequent to Acquisition | 231 |  |  |
Land | 3,037 |  |  |
Building & Improvements | 231 |  |  |
Total | 3,268 |  |  |
Accumulated Depreciation | 0 |  |  |
Commercial |  |  |  |
Encumbrances | 172,090 |  |  |
Initial Cost, Land | 33,534 |  |  |
Initial Cost, Buildings | 147,163 |  |  |
Cost Capitalized Subsequent to Acquisition | 30,875 |  |  |
Land | 33,534 |  |  |
Building & Improvements | 178,038 |  |  |
Total | 211,572 |  |  |
Accumulated Depreciation | 68,682 |  |  |
Commercial | 600 Las Colinas |  |  |  |
Encumbrances | 35,589 |  |  |
Initial Cost, Land | 5,751 |  |  |
Initial Cost, Buildings | 55,460 |  |  |
Cost Capitalized Subsequent to Acquisition | 9,609 |  |  |
Land | 5,751 |  |  |
Building & Improvements | 65,069 |  |  |
Total | 70,820 |  |  |
Accumulated Depreciation | 27,702 |  |  |
Commercial | 770 South Post Oak |  |  |  |
Encumbrances | 11,871 |  |  |
Initial Cost, Land | 1,763 |  |  |
Initial Cost, Buildings | 16,312 |  |  |
Cost Capitalized Subsequent to Acquisition | 615 |  |  |
Land | 1,763 |  |  |
Building & Improvements | 16,927 |  |  |
Total | 18,690 |  |  |
Accumulated Depreciation | 2,465 |  |  |
Commercial | Browning Place |  |  |  |
Encumbrances | 85,537 |  |  |
Initial Cost, Land | 5,096 |  |  |
Initial Cost, Buildings | 49,441 |  |  |
Cost Capitalized Subsequent to Acquisition | 14,428 |  |  |
Land | 5,096 |  |  |
Building & Improvements | 63,869 |  |  |
Total | 68,965 |  |  |
Accumulated Depreciation | 24,624 |  |  |
Commercial | Standford Center |  |  |  |
Encumbrances | 39,093 |  |  |
Initial Cost, Land | 20,278 |  |  |
Initial Cost, Buildings | 25,876 |  |  |
Cost Capitalized Subsequent to Acquisition | 6,223 |  |  |
Land | 20,278 |  |  |
Building & Improvements | 32,099 |  |  |
Total | 52,377 |  |  |
Accumulated Depreciation | 13,817 |  |  |
Commercial | Other Commercial |  |  |  |
Encumbrances | 0 |  |  |
Initial Cost, Land | 646 |  |  |
Initial Cost, Buildings | 74 |  |  |
Cost Capitalized Subsequent to Acquisition | 0 |  |  |
Land | 646 |  |  |
Building & Improvements | 74 |  |  |
Total | 720 |  |  |
Accumulated Depreciation | 74 |  |  |
Land |  |  |  |
Encumbrances | 15,722 |  |  |
Initial Cost, Land | 65,950 |  |  |
Initial Cost, Buildings | 0 |  |  |
Cost Capitalized Subsequent to Acquisition | 7,345 |  |  |
Land | 73,295 |  |  |
Building & Improvements | 0 |  |  |
Total | 73,295 |  |  |
Accumulated Depreciation | 0 |  |  |
Land | Mercer Crossing |  |  |  |
Encumbrances | 0 |  |  |
Initial Cost, Land | 5,406 |  |  |
Initial Cost, Buildings | 0 |  |  |
Cost Capitalized Subsequent to Acquisition | 0 |  |  |
Land | 5,406 |  |  |
Building & Improvements | 0 |  |  |
Total | 5,406 |  |  |
Accumulated Depreciation | 0 |  |  |
Land | Windmill Farms |  |  |  |
Encumbrances | 10,397 |  |  |
Initial Cost, Land | 43,973 |  |  |
Initial Cost, Buildings | 0 |  |  |
Cost Capitalized Subsequent to Acquisition | 4,329 |  |  |
Land | 48,302 |  |  |
Building & Improvements | 0 |  |  |
Total | 48,302 |  |  |
Accumulated Depreciation | 0 |  |  |
Land | Other Land |  |  |  |
Encumbrances | 5,325 |  |  |
Initial Cost, Land | 16,571 |  |  |
Initial Cost, Buildings | 0 |  |  |
Cost Capitalized Subsequent to Acquisition | 3,016 |  |  |
Land | 19,587 |  |  |
Building & Improvements | 0 |  |  |
Total | 19,587 |  |  |
Accumulated Depreciation | $ 0 |  |  |

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