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Real Estate Activity (Tables) | 6 Months Ended
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Jun. 30, 2023
Real Estate [Abstract] |
Schedule of the Real Estate Owned | Below is a summary of our real estate as of June 30, 2023 and December 31, 2022:
| June 30, 2023 |  | December 31, 2022
Land | $ | 108,993 |  |  | $ | 108,933 |
Building and improvements | 370,854 |  |  | 359,904 |
Tenant improvements | 26,435 |  |  | 25,611 |
Construction in progress | 66,999 |  |  | 65,427 |
Total cost | 573,281 |  |  | 559,875 |
Less accumulated depreciation | (72,019) |  |  | (66,054) |
Total real estate | $ | 501,262 |  |  | $ | 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 and six months ended June 30, 2023 and 2022 consists of the following:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
Land(1) | $ | 188 |  |  | $ | 2,763 |  |  | $ | 188 |  |  | $ | 4,752 |
Multifamily Properties(2) | — |  |  | — |  |  | — |  |  | 9,603 |
Commercial Properties | — |  |  | 890 |  |  | — |  |  | 890 |
Other | — |  |  | 240 |  |  | — |  |  | (204) |
| $ | 188 |  |  | $ | 3,893 |  |  | $ | 188 |  |  | $ | 15,041 |
(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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