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Mortgages and Other Notes Payable (Tables) | 12 Months Ended
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Dec. 31, 2022
Debt Disclosure [Abstract] |
Schedule of Debt | Below is a summary of our notes and interest payable as of December 31, 2022 and 2021:
|  | Carrying Value |  | Interest Rate |  | Maturity Date
Property/ Entity |  | 2022 |  | 2021 |  |
770 South Post Oak |  | $ | 11,406 |  |  | $ | 11,635 |  |  | 4.40 | % |  | 6/1/2025
Athens |  | 1,155 |  |  | 1,155 |  |  | 4.00 | % |  | 8/28/2023
Blue Lake Villas(1) |  | 9,673 |  |  | — |  |  | 3.15 | % |  | 11/1/2055
Blue Lake Villas Phase II(1) |  | 3,424 |  |  | — |  |  | 2.85 | % |  | 6/1/2052
Chelsea |  | 7,875 |  |  | 8,037 |  |  | 3.40 | % |  | 12/1/2050
EQK Portage |  | 3,350 |  |  | 3,350 |  |  | 10.00 | % |  | 11/13/2024
Forest Grove |  | 7,128 |  |  | 7,263 |  |  | 3.75 | % |  | 5/5/2024
Landing Bayou |  | 14,161 |  |  | 14,407 |  |  | 3.50 | % |  | 9/1/2053
Legacy at Pleasant Grove |  | 13,039 |  |  | 13,352 |  |  | 3.60 | % |  | 4/1/2048
New Concept Energy |  | 3,542 |  |  | 3,542 |  |  | 6.00 | % |  | 9/30/2023
Northside on Travis(1) |  | 11,656 |  |  | — |  |  | 2.50 | % |  | 2/1/2053
Parc at Denham Springs(1) |  | 16,737 |  |  | — |  |  | 3.75 | % |  | 4/1/2051
Parc at Denham Springs Phase II |  | 15,789 |  |  | 15,962 |  |  | 4.05 | % |  | 2/1/2060
RCM HC Enterprises(5) |  | 5,086 |  |  | 5,086 |  |  | 5.00 | % |  | 12/31/2022
Residences at Holland Lake(1) |  | 10,622 |  |  | — |  |  | 3.60 | % |  | 3/1/2053
Stanford Center(2) |  | — |  |  | 38,979 |  |  | 6.00 | % |  | 2/26/2023
Sugar Mill Phase III(3) |  | — |  |  | 9,216 |  |  | 4.50 | % |  | 2/1/2060
Toulon(4) |  | — |  |  | 13,697 |  |  | 3.20 | % |  | 12/1/2051
Villas at Bon Secour |  | 19,410 |  |  | 19,492 |  |  | 3.08 | % |  | 9/1/2031
Villas of Park West I(1) |  | 9,373 |  |  | — |  |  | 3.04 | % |  | 3/1/2053
Villas of Park West II(1) |  | 8,504 |  |  | — |  |  | 3.18 | % |  | 3/1/2053
Vista Ridge |  | 9,674 |  |  | 9,830 |  |  | 4.00 | % |  | 8/1/2053
Windmill Farms(5) |  | 6,400 |  |  | 8,389 |  |  | 5.00 | % |  | 2/28/2023
|  | $ | 188,004 |  |  | $ | 183,392 |  |  |  |  |
(1) On November 1, 2022, we assumed the mortgage note payable in connection with the acquisition of the underlying property (See Note 11 - Acquisitions). (2) On October 21, 2022, we paid off the loan, which resulted in a loss on early extinguishment of debt of $1,639. (3) On September 16, 2022, we paid off the loan in connection with the sale of the underlying property (See Note 7 - Real Estate Activity), which resulted in a loss on early extinguishment of debt of $1,166. (4) On January 14, 2022, we paid off the loan in connection with the sale of the underlying property (See Note 7 - Real Estate Activity). (5) We are currently negotiating an extension of the loan with the lender.
Schedule of Future Principal Payments | Future principal payments due on our notes payable at December 31, 2022 are as follows:
Year |  | Amount
2023 |  | $ | 14,454 |
2024 |  | 18,899 |
2025 |  | 14,080 |
2026 |  | 3,265 |
2027 |  | 3,377 |
Thereafter |  | 136,056 |
|  | 190,131 |
Deferred finance cost |  | (2,127) |
|  | $ | 188,004 |

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