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SCHEDULE III REAL ESTATE AND ACCUMULATED DEPRECIATION
 12 Months Ended
Dec. 31, 2022
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract]  
SCHEDULE III REAL ESTATE AND ACCUMULATED DEPRECIATION
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
December 31, 2022
Initial CostCost
Capitalized
Subsequent to
Acquisition		Gross Amount Carried at End of Year
Property/LocationEncumbrancesLandBuildingsLandBuilding &
Improvements		TotalAccumulated
Depreciation		Date of
Construction		Date
Acquired
Multifamily
Blue Lake Villas$9,673 $6,920 $27,680 $— $6,920 $27,680 $34,600 $115 20022022
Blue Lake Villas Phase II3,424 2,400 9,600 — 2,400 9,600 12,000 40 20042022
Chelsea7,875 1,225 11,230 53 1,231 11,277 12,508 1,192 19992018
Forest Grove7,128 1,440 10,234 37 1,440 10,271 11,711 670 20202020
Landing Bayou14,161 2,011 18,255 (1,502)2,011 16,753 18,764 1,732 20052018
Legacy at Pleasant Grove13,039 2,005 18,109 92 2,033 18,173 20,206 3,716 20062018
Northside on Travis11,656 7,160 28,640 — 7,160 28,640 35,800 119 20082022
Parc at Denham Springs16,737 6,060 24,240 14 6,060 24,254 30,314 101 20072022
Parc at Denham Springs Phase II15,789 1,505 16,975 — 1,505 16,975 18,480 1,297 20102009
Residences at Holland Lake10,622 6,300 25,200 7 6,300 25,207 31,507 105 20042022
Villas at Bon Secour19,410 2,715 15,385 52 2,715 15,437 18,152 1,708 20072018
Villas of Park West I9,373 8,200 32,800 — 8,200 32,800 41,000 137 20052022
Villas of Park West II8,504 6,860 27,440 — 6,860 27,440 34,300 114 20102022
Vista Ridge9,674 1,339 13,398 6 1,339 13,404 14,743 2,939 20092018
157,065 56,140 279,186 (1,241)56,174 277,911 334,085 13,985 
Commercial
770 South Post Oak11,406 1,763 16,312 1,142 1,763 17,454 19,217 3,605 19702015
Browning Place66,546 5,096 49,441 18,895 5,096 68,336 73,432 31,708 19842005
Stanford Center— 20,278 25,876 6,250 20,278 32,126 52,404 16,700 20072008
Other— 646 74 (40)622 58 680 56 
77,952 27,783 91,703 26,247 27,759 117,974 145,733 52,069 
Land
Mercer Crossing— 2,999 — (166)2,833 — 2,833 — 2018
Windmill Farms6,400 43,608 — 2,707 46,315 — 46,315 — 2006
Other9,591 19,608 — 11,301 30,909 — 30,909 — 
15,991 66,215 — 13,842 80,057 — 80,057 — 
$251,008 $150,138 $370,889 $38,848 $163,990 $395,885 $559,875 $66,054 
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
As of December 31, 2022

202220212020
Reconciliation of Real Estate
Balance at January 1,$359,296 $459,801 $477,963 
Additions
240,018 5,814 21,223 
Deductions
(39,439)(106,319)(39,385)
Balance at December 31,$559,875 $359,296 $459,801 
Reconciliation of Accumulated Depreciation
Balance at January 1,62,933 82,418 90,173 
Additions
8,962 10,820 12,188 
Deductions
(5,841)(30,305)(19,943)
Balance at December 31,$66,054 $62,933 $82,418