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Notes Receivable | 9 Months Ended
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Sep. 30, 2022
Receivables [Abstract] |
Notes Receivable | Notes Receivable The following table summarizes our notes receivable as of September 30, 2022 and December 31, 2021:
|  | Carrying value |  |
Property/Borrower |  | September 30, 2022 |  | December 31, 2021 |  | 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) |  | 2,326 |  |  | 2,486 |  |  | 5.00 | % |  | 7/1/25
Bellwether Ridge(1) |  | 3,973 |  |  | 3,967 |  |  | 5.00 | % |  | 11/1/26
Forest Pines(1) |  | 6,472 |  |  | 6,472 |  |  | 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 |  | 3,926 |  |  | 4,554 |  |  | 6.00 | % |  | 9/15/24
One Realco Land Holding, Inc. |  | 1,728 |  |  | 1,728 |  |  | 9.50 | % |  | 6/30/26
Parc at Ingleside(1) |  | 3,663 |  |  | 3,700 |  |  | 5.00 | % |  | 11/1/26
Parc at Opelika Phase II(1) |  | 2,914 |  |  | 2,305 |  |  | 10.00 | % |  | 1/13/23
Parc at Windmill Farms(1) |  | 7,836 |  |  | 7,830 |  |  | 5.00 | % |  | 11/1/22
Phillips Foundation for Better Living, Inc.(2) |  | 182 |  |  | 813 |  |  | 12.00 | % |  | 3/31/24
Plum Tree(1) |  | 1,767 |  |  | 1,537 |  |  | 5.00 | % |  | 4/26/26
Riverview on the Park Land, LLC |  | 1,045 |  |  | 1,045 |  |  | 9.50 | % |  | 6/30/26
Spartan Land |  | 5,907 |  |  | 5,907 |  |  | 12.00 | % |  | 1/16/23
Spyglass of Ennis(1) |  | 5,319 |  |  | 5,319 |  |  | 5.00 | % |  | 11/1/22
Steeple Crest(1) |  | 6,498 |  |  | 6,498 |  |  | 5.00 | % |  | 8/1/26
Unified Housing Foundation(2)(3) |  | 2,881 |  |  | 2,881 |  |  | 12.00 | % |  | 6/30/23
Unified Housing Foundation(2)(3) |  | 212 |  |  | 212 |  |  | 12.00 | % |  | 6/30/23
Unified Housing Foundation(2)(3) |  | 6,831 |  |  | 6,831 |  |  | 12.00 | % |  | 6/30/23
Unified Housing Foundation(2)(3) |  | 10,401 |  |  | 10,401 |  |  | 12.00 | % |  | 6/30/23
Unified Housing Foundation(2)(3) |  | 10,096 |  |  | 10,096 |  |  | 12.00 | % |  | 3/31/24
Unified Housing Foundation(2)(3) |  | 6,990 |  |  | 6,990 |  |  | 12.00 | % |  | 3/31/23
Unified Housing Foundation(2)(3) |  | 3,615 |  |  | 3,615 |  |  | 12.00 | % |  | 5/31/23
Unified Housing Foundation(2)(3) |  | 27,477 |  |  | 24,053 |  |  | 12.00 | % |  | 12/31/32
Unified Housing Foundation(2)(3) |  | 6,521 |  |  | 6,521 |  |  | 12.00 | % |  | 3/31/24
Unified Housing Foundation(2)(3) |  | 1,549 |  |  | 1,549 |  |  | 12.00 | % |  | 4/30/24
Unified Housing Foundation(2)(3) |  | 180 |  |  | 183 |  |  | 12.00 | % |  | 6/30/24
|  | $ | 139,423 |  |  | $ | 136,607 |  |  |  |  |
(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 The entire disclosure for financing receivable. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -URI https://asc.fasb.org/subtopic&trid=2196772 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 20 -URI https://asc.fasb.org/subtopic&trid=2196816 + Details
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