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Real Estate Activity (Tables) | 3 Months Ended
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Mar. 31, 2023
Real Estate [Abstract] |
Schedule of the Real Estate Owned | Below is a summary of our real estate as of March 31, 2023 and December 31, 2022:
| March 31, 2023 |  | December 31, 2022
Land | $ | 119,203 |  |  | $ | 108,933 |
Building and improvements | 360,316 |  |  | 359,904 |
Tenant improvements | 26,061 |  |  | 25,611 |
Construction in progress | 66,351 |  |  | 65,427 |
Total cost | 571,931 |  |  | 559,875 |
Less accumulated depreciation | (68,990) |  |  | (66,054) |
Total real estate | $ | 502,941 |  |  | $ | 493,821 |
Schedule of Gain Loss on Sale or Write-down of Assets | Gain on sale or write-down of assets, net for the three months ended March 31, 2023 and 2022 consists of the following:
|  |  | Three Months Ended March 31,
|  |  |  |  | 2023 |  | 2022
Land(1) |  |  |  |  | $ | — |  |  | $ | 1,989 |
Multifamily Properties(2) |  |  |  |  | — |  |  | 9,364 |
Commercial Properties(3) |  |  |  |  | — |  |  | (205) |
Other(4) |  |  |  |  | — |  |  | — |
|  |  |  |  | $ | — |  |  | $ | 11,148 |
(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.

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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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