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Notes Receivable (Tables) | 9 Months Ended
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Sep. 30, 2021
Receivables [Abstract] |
Schedule of Notes Receivable | The following table summarizes our notes receivable as of September 30, 2021 and December 31, 2020:
|  | Carrying value |  |
Property/Borrower |  | September 30, 2021 |  | December 31, 2020 |  | Interest Rate |  | Maturity Date
ABC Land and Development, Inc. |  | $ | 4,408 |  |  | $ | 4,408 |  |  | 9.50 | % |  | 6/30/26
ABC Paradise, LLC |  | 1,210 |  |  | 1,210 |  |  | 9.50 | % |  | 6/30/26
Autumn Breeze(1) |  | 2,344 |  |  | 1,867 |  |  | 5.00 | % |  | 7/1/22
Bellwether Ridge(1) |  | 3,950 |  |  | 3,858 |  |  | 5.00 | % |  | 11/1/26
Forest Pines(1) |  | 2,872 |  |  | 2,869 |  |  | 5.00 | % |  | 11/1/22
Lake Wales |  | 3,000 |  |  | 3,000 |  |  | 9.50 | % |  | 6/30/26
Legacy Pleasant Grove |  | 496 |  |  | 496 |  |  | 12.00 | % |  | 10/23/22
McKinney Ranch |  | 4,554 |  |  | 4,554 |  |  | 6.00 | % |  | 9/15/22
One Realco Land Holding, Inc. |  | 1,728 |  |  | 1,728 |  |  | 9.50 | % |  | 6/30/26
Parc at Ingleside(1) |  | 3,122 |  |  | 2,523 |  |  | 5.00 | % |  | 11/1/26
Parc at Opelika(1) |  | 2,098 |  |  | — |  |  | 10.00 | % |  | 1/13/23
Parc at Windmill Farms(1) |  | 7,830 |  |  | 7,803 |  |  | 5.00 | % |  | 11/1/22
Phillips Foundation for Better Living, Inc.(2) |  | — |  |  | 61 |  |  | 12.00 | % |  | 3/31/23
Phillips Foundation for Better Living, Inc.(2) |  | 813 |  |  | — |  |  | 12.00 | % |  | 3/31/24
Plum Tree(1) |  | 1,353 |  |  | 857 |  |  | 5.00 | % |  | 4/26/26
Riverview on the Park Land, LLC |  | 1,045 |  |  | 1,045 |  |  | 9.50 | % |  | 6/30/26
RNC Portfolio, Inc. |  | 8,853 |  |  | 8,853 |  |  | 5.00 | % |  | 9/1/24
Spartan Land |  | 5,907 |  |  | 5,907 |  |  | 12.00 | % |  | 1/16/23
Spyglass of Ennis(1) |  | 5,363 |  |  | 5,360 |  |  | 5.00 | % |  | 11/1/22
Steeple Crest(1) |  | 6,498 |  |  | 6,498 |  |  | 5.00 | % |  | 8/1/26
Unified Housing Foundation, Inc. (2)(3) |  | 2,881 |  |  | 2,880 |  |  | 12.00 | % |  | 6/30/23
Unified Housing Foundation, Inc. (2)(3) |  | 212 |  |  | 212 |  |  | 12.00 | % |  | 6/30/23
Unified Housing Foundation, Inc. (2)(3) |  | 6,831 |  |  | 6,831 |  |  | 12.00 | % |  | 6/30/23
Unified Housing Foundation, Inc. (2)(3) |  | 10,401 |  |  | 10,896 |  |  | 12.00 | % |  | 6/30/23
Unified Housing Foundation, Inc. (2)(3) |  | 10,096 |  |  | 10,096 |  |  | 12.00 | % |  | 3/31/22
Unified Housing Foundation, Inc. (2)(3) |  | 6,990 |  |  | 6,990 |  |  | 12.00 | % |  | 3/31/23
Unified Housing Foundation, Inc. (2)(3) |  | 3,615 |  |  | 3,615 |  |  | 12.00 | % |  | 5/31/23
Unified Housing Foundation, Inc. (2)(3) |  | 24,054 |  |  | 26,209 |  |  | 12.00 | % |  | 12/31/32
Unified Housing Foundation, Inc. (2)(3) |  | 6,521 |  |  | — |  |  | 12.00 | % |  | 3/31/24
Unified Housing Foundation, Inc.(2)(3) |  | 1,549 |  |  | — |  |  | 12.00 | % |  | 4/30/24
Unified Housing Foundation, Inc.(2)(3) |  | 180 |  |  | — |  |  | 12.00 | % |  | 6/30/24
|  | $ | 140,774 |  |  | $ | 130,626 |  |  |  |  |
(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.

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- Definition Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.3,4) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
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