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Real Estate Activity (Tables)
 3 Months Ended
Mar. 31, 2021
Real Estate [Abstract]  
Schedule of the Real Estate Owned
Below is a summary of the real estate owned as of March 31, 2021 and December 31, 2020:
March 31, 2021December 31, 2020
Land$48,357 $50,759 
Building and improvements281,115 297,644 
Tenant improvements30,935 30,935 
Construction in progress73,656 77,891 
   Total cost434,063 457,229 
Less accumulated deprecation(84,603)(82,418)
   Total real estate, net349,460 374,811 
Property held for sale1,660 2,572 
Total real estate$351,120 $377,383 
Schedule Of Gain Loss On Sale Or Write-down Of Assets
The gain (loss) on sale or write-down of assets, net for the three months ended March 31, 2021 and 2020 consist of the following:
Three Months Ended March 31,
20212020
Land(1)$5,957 $4,138 
Residential Properties(2)11,441 — 
$17,398 $4,138 

(1)Includes the sale of lots related to our investment in Windmill Farms, Mercer Crossing and other land holdings.
(2)Includes the gain from Overlook at Allensville Phase II transaction (See Note 9 – Investment in Unconsolidated Joint Ventures) and the recognition of gains on various multifamily properties that had been previously been deferred (See Note 14 – Deferred Income).