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Mortgages and Other Notes Payable (Tables)
9 Months Ended
Sep. 30, 2021
Debt Disclosure [Abstract]  
Schedule of Debt
The following table summarizes our mortgages and other notes payable as of September 30, 2021 and December 31, 2020:
Carrying value
Property / EntitySeptember 30, 2021December 31, 2020Effective
Interest Rate
Maturity Date
600 Las Colinas(1)$— $35,589 5.30 %11/1/2023
770 South Post Oak11,709 11,871 4.40 %6/1/2025
Parc at Athens(2)1,155 1,155 5.90 %8/28/2022
Chelsea8,077 8,194 3.40 %12/1/2050
EQK Portage - Land3,350 3,350 10.00 %11/13/2024
HSW Partners— 17,790 9.50 %6/17/2021
Forest Grove(3)7,295 7,333 3.75 %5/5/2024
Landing Bayou14,467 14,643 3.50 %9/1/2053
Legacy at Pleasant Grove13,428 13,653 3.60 %4/1/2048
McKinney 36 Land705 820 8.00 %6/30/2022
New Concept Energy3,542 3,542 6.00 %9/30/2022
Overlook at Allensville Phase II(4)— 15,621 3.80 %5/1/2059
Parc at Denham Springs Phase II16,004 16,128 4.10 %2/1/2060
RCM HC Enterprises(5)5,086 — 9.50 %12/17/2026
Stanford Center39,044 39,093 6.00 %2/26/2022
Sugar Mill Phase III9,237 9,298 4.50 %2/1/2060
Toulon13,786 13,975 3.20 %12/1/2051
Villas at Bon Secour(6)19,495 10,280 4.00 %8/25/2028
Vista Ridge9,868 9,979 4.00 %8/1/2053
Windmill Farms(7)8,756 10,397 6.00 %2/28/2023
$185,004 $242,711 
(1)    On August 26, 2021, we paid off the loan in connection with the sale of the underlying property (See 7 - Real Estate Activity).
(2)     On March 2, 2021, the loan was extended to August 28, 2022.
(3)    The loan bears interest at prime rate plus 0.5%.
(4)    On March 30, 2021, the loan was assumed by VAA in connection with our contribution of the underlying property to the joint venture (See Note 9 – Investment in Unconsolidated Joint Ventures).
(5)    On June 4, 2021, the lender assumed the remaining $1,986 balance from our loan from HSW Partners and extended the maturity to December 17, 2026.
(6)    On August 25, 2021, we replaced the existing loan on the property with a new $20,015 loan that bears interest at 3.08% and matures on August 25, 2028.
(7)    On March 4, 2021, the loan was extended to February 28, 2023 at an interest rate of 5%.