XML 42 R31.htm IDEA: XBRL DOCUMENT
v3.24.1

SCHEDULE IV - MORTGAGE LOANS | 12 Months Ended
--- | ---
Dec. 31, 2023
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Abstract] |
SCHEDULE IV - MORTGAGE LOANS |
Description |  | Interest Rate |  | Maturity Date |  | Periodic Payment Terms |  | Prior Liens |  | Face Amount |  | Carrying Value
ABC Land and Development, Inc. |  | 9.50% |  | 6/30/2026 |  | No payments until maturity |  | $ | — |  |  | $ | 4,408 |  |  | $ | 4,408 |
ABC Paradise, LLC |  | 9.50% |  | 6/30/2026 |  | No payments until maturity |  | — |  |  | 1,210 |  |  | 1,210 |
Autumn Breeze |  | 5.00% |  | 7/1/2025 |  | No payments until maturity or conversion |  | 24,181 |  |  | 2,157 |  |  | 2,157 |
Bellwether Ridge |  | 5.00% |  | 11/1/2026 |  | No payments until maturity or conversion |  | 17,607 |  |  | 3,798 |  |  | 3,798 |
Cascades at Spring Street |  | 5.38% |  | 6/30/2027 |  | Payments from excess property cash flows |  | 407 |  |  | 180 |  |  | 180 |
Dominion at Mercer Crossing |  | 9.50% |  | 6/7/2028 |  | No payments until maturity |  | 38,564 |  |  | 6,354 |  |  | 6,354 |
Echo Station |  | 5.38% |  | 12/31/2032 |  | Payments from excess property cash flows |  | 13,210 |  |  | 10,305 |  |  | 10,305 |
Forest Pines |  | 5.00% |  | 5/1/2024 |  | No payments until maturity or conversion |  | 25,701 |  |  | 6,472 |  |  | 6,472 |
Inwood on the Park |  | 5.38% |  | 6/30/2028 |  | Payments from excess property cash flows |  | 25,477 |  |  | 20,325 |  |  | 20,325 |
Kensington Park |  | 5.38% |  | 3/31/2027 |  | Payments from excess property cash flows |  | 15,364 |  |  | 10,262 |  |  | 10,262 |
Lake Shore Villas |  | 5.38% |  | 12/31/2032 |  | Payments from excess property cash flows |  | 25,615 |  |  | 6,000 |  |  | 6,000 |
Legacy Pleasant Grove |  | 12.00% |  | 10/23/2024 |  | No payments until maturity |  | — |  |  | 496 |  |  | 496 |
McKinney Ranch |  | 6.00% |  | 9/15/2024 |  | No payments until maturity |  | — |  |  | 3,926 |  |  | 3,926 |
Ocean Estates II |  | 5.38% |  | 5/31/2028 |  | Payments from excess property cash flows |  | 1,700 |  |  | 3,615 |  |  | 3,615 |
One Realco Land Holding, Inc. |  | 9.50% |  | 6/30/2026 |  | No payments until maturity |  | — |  |  | 1,728 |  |  | 1,728 |
Parc at Ingleside |  | 5.00% |  | 11/1/2026 |  | No payments until maturity or conversion |  | 24,513 |  |  | 3,759 |  |  | 3,759 |
Parc at Opelika Phase II |  | 10.00% |  | 1/13/2023 |  | No payments until maturity or conversion |  | 22,680 |  |  | 3,190 |  |  | 3,190 |
Parc at Windmill Farms |  | 5.00% |  | 11/1/2022 |  | No payments until maturity or conversion |  | 34,683 |  |  | 7,886 |  |  | 7,886 |
Phillips Foundation for Better Living, Inc. |  | 12.00% |  | 3/31/2024 |  | Payments from excess property cash flows |  | — |  |  | 182 |  |  | 182 |
Plaza at Chase Oaks |  | 5.38% |  | 3/31/2028 |  | Payments from excess property cash flows |  | 9,131 |  |  | 11,772 |  |  | 11,772 |
Plum Tree |  | 5.00% |  | 4/26/2026 |  | No payments until maturity or conversion |  | 17,318 |  |  | 1,767 |  |  | 1,767 |
Polk County Land |  | 9.50% |  | 6/30/2026 |  | No payments until maturity |  | — |  |  | 3,000 |  |  | 3,000 |
Riverview on the Park Land, LLC |  | 9.50% |  | 6/30/2026 |  | No payments until maturity |  | — |  |  | 1,045 |  |  | 1,045 |
Spartan Land |  | 6.00% |  | 1/16/2025 |  | No payments until maturity |  | — |  |  | 5,907 |  |  | 5,907 |
Spyglass of Ennis |  | 5.00% |  | 11/1/2024 |  | No payments until maturity or conversion |  | 22,214 |  |  | 5,179 |  |  | 5,179 |
Steeple Crest |  | 5.00% |  | 8/1/2026 |  | No payments until maturity or conversion |  | 11,057 |  |  | 6,498 |  |  | 6,498 |
Timbers at The Park |  | 5.38% |  | 12/31/2032 |  | Payments from excess property cash flows |  | 13,156 |  |  | 11,173 |  |  | 11,173 |
Tuscany Villas |  | 5.38% |  | 4/30/2027 |  | Payments from excess property cash flows |  | 1,497 |  |  | 1,548 |  |  | 1,548 |
|  |  |  |  |  |  |  | $ | 344,075 |  |  | $ | 144,142 |  |  | $ | 144,142 |
SCHEDULE IV - MORTGAGE LOANS As of December 31,
| 2023 |  | 2022 |  | 2021
Balance at January 1, | $ | 139,609 |  |  | $ | 136,607 |  |  | $ | 130,626 |
Additions | 6,500 |  |  | 4,653 |  |  | 19,149 |
Deductions | (1,967) |  |  | (1,651) |  |  | (13,168) |
Balance at December 31, | $ | 144,142 |  |  | $ | 139,609 |  |  | $ | 136,607 |

X
- References No definition available. + Details
Name: | srt_MortgageLoansOnRealEstateAbstract
Namespace Prefix: | srt_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for investment in mortgage loan on real estate by entity with substantial portion of business acquiring and holding investment real estate or interest in real estate. Includes, but is not limited to, information for each mortgage loan receivable equaling or exceeding 3 percent of carrying amount of mortgage. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name Regulation S-X (SX) -Number 210 -Section 12 -Subsection 29 -Publisher SEC Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 948 -SubTopic 310 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.12-29) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479851/948-310-S99-1 + Details
Name: | srt_MortgageLoansOnRealEstateByLoanDisclosureTextBlock
Namespace Prefix: | srt_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration