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Real Estate Activity (Tables) | 9 Months Ended
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Sep. 30, 2022
Real Estate [Abstract] |
Schedule of the Real Estate Owned | Below is a summary of our real estate as of September 30, 2022 and December 31, 2021:
| September 30, 2022 |  | December 31, 2021
Land | $ | 64,875 |  |  | $ | 67,514 |
Building and improvements | 184,117 |  |  | 219,327 |
Tenant improvements | 25,460 |  |  | 21,364 |
Construction in progress | 59,083 |  |  | 51,091 |
Total cost | 333,535 |  |  | 359,296 |
Less accumulated depreciation | (63,374) |  |  | (62,933) |
Total real estate | $ | 270,161 |  |  | $ | 296,363 |
Schedule Of Gain Loss On Sale Or Write-down Of Assets | Gain on sale or write-down of assets, net for the three and nine months ended September 30, 2022 and 2021 consists of the following:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2022 |  | 2021 |  | 2022 |  | 2021
Land(1) | $ | — |  |  | $ | 4,042 |  |  | $ | 4,752 |  |  | $ | 15,153 |
Multifamily Properties(2) | 1,539 |  |  | — |  |  | 11,142 |  |  | 11,442 |
Commercial Properties(3) | — |  |  | 27,270 |  |  | 890 |  |  | 27,270 |
Other(4) | — |  |  | — |  |  | (204) |  |  | (29,600) |
| $ | 1,539 |  |  | $ | 31,312 |  |  | $ | 16,580 |  |  | $ | 24,265 |
(1)Includes the gain on the 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 a 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. On September 16, 2022, in connection with a sale of properties by VAA (See Note 10 - Investment in Unconsolidated Joint Ventures), we sold Sugar Mill Phase III, a 72 unit multifamily property in Baton Rouge, Louisiana for $11,800, resulting in a gain on sale of $1,871. We used the proceeds to pay off the $9,551 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 to Macquarie in 2021 (See Note 10 – Investment in Unconsolidated Joint Ventures) and the gain on sale of various multifamily properties that had previously been deferred (See Note 15 – Deferred Income). (3)On May 17, 2022, we sold Fruitland Park, a 6,722 square foot commercial building in Fruitland Park, Florida for $750, resulting in a gain on sale of $667. We used the proceeds for general corporate purposes. On August 26, 2021, we sold 600 Las Colinas, a 512,173 square foot office building in Irving, Texas for $74,750, resulting in a gain on sale of $27,270. We used the proceeds to pay down the mortgage note payable on the property and for general corporate purposes. (4)The 2021 amount represents a $29,600 loss on remeasurement of the Earn Out Obligation in connection with our investment in VAA (See Note 10 - Investment in Unconsolidated Joint Ventures).

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