XML 48 R38.htm IDEA: XBRL DOCUMENT
v3.22.1

Notes Receivable (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2021
Receivables [Abstract] |
Schedule of Notes Receivable | The following table summarizes our notes receivables at December 31, 2021 and 2020:
|  | Carrying Value |  | Interest Rate |  | Maturity Date
Borrower / Project |  | 2021 |  | 2020 |  |
ABC Land and Development, Inc. |  | $ | 4,408 |  |  | $ | 4,408 |  |  | 9.50 | % |  | 6/30/2026
ABC Paradise, LLC |  | 1,210 |  |  | 1,210 |  |  | 9.50 | % |  | 6/30/2026
Autumn Breeze(1) |  | 2,486 |  |  | 1,867 |  |  | 5.00 | % |  | 7/1/2022
Bellwether Ridge(1) |  | 3,967 |  |  | 3,858 |  |  | 5.00 | % |  | 11/1/2026
Forest Pines(1) |  | 6,472 |  |  | 2,869 |  |  | 5.00 | % |  | 11/1/2022
Lake Wales |  | 3,000 |  |  | 3,000 |  |  | 9.50 | % |  | 6/30/2026
Legacy Pleasant Grove |  | 496 |  |  | 496 |  |  | 12.00 | % |  | 10/23/2022
McKinney Ranch |  | 4,554 |  |  | 4,554 |  |  | 6.00 | % |  | 9/15/2022
One Realco Land Holding, Inc. |  | 1,728 |  |  | 1,728 |  |  | 9.50 | % |  | 6/30/2026
Parc at Ingleside(1) |  | 3,700 |  |  | 2,523 |  |  | 5.00 | % |  | 11/1/2026
Parc at Opelika(1) |  | 2,305 |  |  | — |  |  | 10.00 | % |  | 1/13/2023
Parc at Windmill Farms(1) |  | 7,830 |  |  | 7,803 |  |  | 5.00 | % |  | 11/1/2022
Phillips Foundation for Better Living, Inc.(2) |  | — |  |  | 61 |  |  | 12.00 | % |  | 3/31/2023
Phillips Foundation for Better Living, Inc.(2) |  | 813 |  |  | — |  |  | 12.00 | % |  | 3/31/2024
Plum Tree(1) |  | 1,537 |  |  | 857 |  |  | 5.00 | % |  | 4/26/2026
Riverview on the Park Land, LLC |  | 1,045 |  |  | 1,045 |  |  | 9.50 | % |  | 6/30/2026
RNC Portfolio, Inc. |  | — |  |  | 8,853 |  |  | 5.00 | % |  | 9/1/2024
Spartan Land |  | 5,907 |  |  | 5,907 |  |  | 12.00 | % |  | 1/16/2023
Spyglass of Ennis(1) |  | 5,319 |  |  | 5,360 |  |  | 5.00 | % |  | 11/1/2022
Steeple Crest(1) |  | 6,498 |  |  | 6,498 |  |  | 5.00 | % |  | 8/1/2026
Unified Housing Foundation(2)(3) |  | 2,881 |  |  | 2,880 |  |  | 12.00 | % |  | 6/30/2023
Unified Housing Foundation(2)(3) |  | 212 |  |  | 212 |  |  | 12.00 | % |  | 6/30/2023
Unified Housing Foundation(2)(3) |  | 6,831 |  |  | 6,831 |  |  | 12.00 | % |  | 6/30/2023
Unified Housing Foundation(2)(3) |  | 10,401 |  |  | 10,896 |  |  | 12.00 | % |  | 6/30/2023
Unified Housing Foundation(2)(3) |  | 10,096 |  |  | 10,096 |  |  | 12.00 | % |  | 3/31/2022
Unified Housing Foundation(2)(3) |  | 6,990 |  |  | 6,990 |  |  | 12.00 | % |  | 3/31/2023
Unified Housing Foundation(2)(3) |  | 3,615 |  |  | 3,615 |  |  | 12.00 | % |  | 5/31/2023
Unified Housing Foundation(2)(3) |  | 24,053 |  |  | 26,209 |  |  | 12.00 | % |  | 12/31/2032
Unified Housing Foundation(2)(3) |  | 6,521 |  |  | — |  |  | 12.00 | % |  | 3/31/2024
Unified Housing Foundation(2)(3) |  | 1,549 |  |  | — |  |  | 12.00 | % |  | 4/30/2024
Unified Housing Foundation(2)(3) |  | 183 |  |  | — |  |  | 12.00 | % |  | 6/30/2024
|  | $ | 136,607 |  |  | $ | 130,626 |  |  |  |  |
(1) The note is convertible, at our option, into a 100% ownership interest in the underlying development property, and are 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.

X
- References No definition available. + Details
Name: | us-gaap_ReceivablesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration