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Real Estate Activity (Tables) | 3 Months Ended
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Mar. 31, 2022
Real Estate [Abstract] |
Schedule of the Real Estate Owned | Below is a summary of our real estate as of March 31, 2022 and December 31, 2021:
| March 31, 2022 |  | December 31, 2021
Land | $ | 65,622 |  |  | $ | 67,514 |
Building and improvements | 200,942 |  |  | 219,327 |
Tenant improvements | 25,099 |  |  | 21,364 |
Construction in progress | 52,591 |  |  | 51,091 |
Total cost | 344,254 |  |  | 359,296 |
Less accumulated deprecation | (59,774) |  |  | (62,933) |
Total real estate | $ | 284,480 |  |  | $ | 296,363 |
Schedule Of Gain Loss On Sale Or Write-down Of Assets | Our gain on sale or write-down of assets, net for the three months ended March 31, 2022 and 2021 consist of the following:
|  |  | Three Months Ended March 31,
|  |  |  |  | 2022 |  | 2021
Land(1) |  |  |  |  | $ | 1,989 |  |  | $ | 5,957 |
Multifamily Properties(2) |  |  |  |  | 9,364 |  |  | 11,441 |
Commercial Properties |  |  |  |  | (205) |  |  | — |
|  |  |  |  | $ | 11,148 |  |  | $ | 17,398 |
(1)Includes the gain on sale of lots related to our investment in Windmill Farms, Mercer Crossing and other land holdings. (2)On January 14, 2022, we sold Toulon, a 240 unit multifamily property in Gautier, Mississippi for $26,750, resulting in gain on sale of $9,364. We used the proceeds to pay off the $14,740 mortgage note payable on the property and for general corporate purposes. The 2021 amount is attributed to the gain from the sale of a 50% ownership interest in Overlook at Allensville Phase II (See Note 10 – Investment in Unconsolidated Joint Ventures) and the gain on the sale of various multifamily properties that had previously been deferred (See Note 15 – Deferred Income).

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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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