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Mortgages and Other Notes Payable (Tables) | 12 Months Ended
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Dec. 31, 2023
Debt Disclosure [Abstract] |
Schedule of Debt | Below is a summary of our notes and interest payable as of December 31, 2023 and 2022:
|  | Carrying Value |  | Interest Rate |  | Maturity Date
Property/ Entity |  | 2023 |  | 2022 |  |
770 South Post Oak |  | $ | 11,187 |  |  | $ | 11,406 |  |  | 4.40 | % |  | 6/1/2025
Athens(1) |  | — |  |  | 1,155 |  |  | 4.00 | % |  | 8/28/2023
Blue Lake Villas(2) |  | 9,503 |  |  | 9,673 |  |  | 3.15 | % |  | 11/1/2055
Blue Lake Villas Phase II(2) |  | 3,349 |  |  | 3,424 |  |  | 2.85 | % |  | 6/1/2052
Chelsea |  | 8,064 |  |  | 7,875 |  |  | 3.40 | % |  | 12/1/2050
EQK Portage |  | 3,350 |  |  | 3,350 |  |  | 10.00 | % |  | 11/13/2024
Forest Grove |  | 6,988 |  |  | 7,128 |  |  | 3.75 | % |  | 5/5/2024
Landing on Bayou Cane |  | 14,442 |  |  | 14,161 |  |  | 3.50 | % |  | 9/1/2053
Legacy at Pleasant Grove |  | 12,716 |  |  | 13,039 |  |  | 3.60 | % |  | 4/1/2048
New Concept Energy |  | 3,542 |  |  | 3,542 |  |  | 6.00 | % |  | 9/30/2025
Northside on Travis(2) |  | 11,394 |  |  | 11,656 |  |  | 2.50 | % |  | 2/1/2053
Parc at Denham Springs(2) |  | 16,399 |  |  | 16,737 |  |  | 3.75 | % |  | 4/1/2051
Parc at Denham Springs Phase II |  | 15,608 |  |  | 15,789 |  |  | 4.05 | % |  | 2/1/2060
RCM HC Enterprises |  | 5,086 |  |  | 5,086 |  |  | 5.00 | % |  | 12/31/2024
Residences at Holland Lake(2) |  | 10,424 |  |  | 10,622 |  |  | 3.60 | % |  | 3/1/2053
Villas at Bon Secour |  | 19,205 |  |  | 19,410 |  |  | 3.08 | % |  | 9/1/2031
Villas of Park West I(3) |  | 9,181 |  |  | 9,373 |  |  | 3.04 | % |  | 3/1/2053
Villas of Park West II(3) |  | 8,334 |  |  | 8,504 |  |  | 3.18 | % |  | 3/1/2053
Vista Ridge |  | 9,512 |  |  | 9,674 |  |  | 4.00 | % |  | 8/1/2053
Windmill Farms(4) |  | 4,399 |  |  | 6,400 |  |  | 7.75 | % |  | 2/28/2024
|  | $ | 182,683 |  |  | $ | 188,004 |  |  |  |  |
(1) On August 28, 2023, we paid off the loan. (2) On November 1, 2022, we agreed to assume the mortgage note payable from our joint venture in connection with the acquisition of the underlying property (See Note 11 - Acquisitions) and obtained final lender approval of the assumption in 2023. (3) On November 1, 2022, we agreed to assume the mortgage note payable from our joint venture in connection with the acquisition of the underlying property (See Note 11 - Acquisitions) and obtained final lender approval of the assumption in 2024. (4) On February 28, 2023, we extended the maturity of the loan to February 28, 2024 and an interest rate of 7.75%. On February 8, 2024, we extended the maturity to February 28, 2026 at an interest rate of 7.50%.
Schedule of Future Principal Payments | Future principal payments due on our notes payable at December 31, 2023 are as follows:
Year |  | Amount
2024 |  | $ | 23,299 |
2025 |  | 14,102 |
2026 |  | 3,265 |
2027 |  | 3,376 |
2028 |  | 3,493 |
Thereafter |  | 136,115 |
|  | 183,650 |
Deferred finance cost |  | (967) |
|  | $ | 182,683 |

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