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Real Estate Activity (Tables) | 9 Months Ended
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Sep. 30, 2021
Real Estate [Abstract] |
Schedule of the Real Estate Owned | Below is a summary of our real estate as of September 30, 2021 and December 31, 2020:
| September 30, 2021 |  | December 31, 2020
Land | $ | 42,625 |  |  | $ | 50,759 |
Building and improvements | 225,375 |  |  | 297,644 |
Tenant improvements | 21,364 |  |  | 30,935 |
Construction in progress | 71,044 |  |  | 77,891 |
Total cost | 360,408 |  |  | 457,229 |
Less accumulated deprecation | (60,725) |  |  | (82,418) |
Total real estate, net | 299,683 |  |  | 374,811 |
Property held for sale | 332 |  |  | 2,572 |
Total real estate | $ | 300,015 |  |  | $ | 377,383 |
Schedule Of Gain Loss On Sale Or Write-down Of Assets | The gain on sale or write-down of assets, net for the three and nine months ended September 30, 2021 and 2020 consist of the following:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2021 |  | 2020 |  | 2021 |  | 2020
Land(1) | $ | 4,042 |  |  | $ | 5,774 |  |  | $ | 15,153 |  |  | $ | 15,248 |
Multifamily Properties(2) | — |  |  | 3,704 |  |  | 11,441 |  |  | 3,704 |
Commercial Properties(3) | 27,270 |  |  | 4,609 |  |  | 27,270 |  |  | 4,609 |
Other(4) | — |  |  | 1,238 |  |  | (29,599) |  |  | 1,241 |
| $ | 31,312 |  |  | $ | 15,325 |  |  | $ | 24,265 |  |  | $ | 24,802 |
(1)Includes the gain on sale of lots related to our investment in Windmill Farms, Mercer Crossing and other land holdings. (2)Includes the gain from the sale of a 50% ownership interest in Overlook at Allensville Phase II (See Note 9 – Investment in Unconsolidated Joint Ventures) and the gain on the sale of various multifamily properties that had previously been deferred (See Note 14 – Deferred Income). (3)On August 26, 2021, we sold 600 Las Colinas, a 512,173 square foot office building in Irving, Texas for $74,750, resulting in gain on sale of $27,270. We used the proceeds to pay down the mortgage note payable on the property (See 10 - Mortgages and Other Notes Payable) and for general corporate purposes. On May 1, 2020, we sold Villager Apartments, a 33 unit multifamily property in Pensacola, Florida for $2,426, resulting in a gain on sale of $898. The sales price was funded by the issuance of a $1,761 note receivable and the assumption of a $665 mortgage note payable on the property. On July 16, 2020, we sold Farnham Park Apartments, 144 unit multifamily property in Port Arthur, Texas for $13,300, resulting in a gain on the sale of $2,684. The sales price was funded by cash payment of $4,215 and the assumption of the $9,085 mortgage note payable on the property. (4)Includes a $29,600 l oss on the remeasurement of the Earn Out Obligation in connection with our investment in VAA (See Note 9 - Investment in Unconsolidated Joint Ventures).

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- Definition Tabular disclosure of nonconsolidated investments in real estate including interests in corporations, partnerships and joint ventures. Disclosures may include summarized aggregate financial statements for the real estate investments. + References No definition available. + Details
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