XML 47 R37.htm IDEA: XBRL DOCUMENT
v3.25.1

Mortgages and Other Notes Payable (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2025
Debt Disclosure [Abstract] |
Schedule of Mortgages and Other Notes Payable | The following table summarizes our mortgages and other notes payable as of March 31, 2025 and December 31, 2024:
|  | Carrying Value |  | Interest Rate |  | Maturity Date
Property/ Entity |  | March 31, 2025 |  | December 31, 2024 |  |
770 South Post Oak(1) |  | $ | 10,872 |  |  | $ | 10,939 |  |  | 4.36 | % |  | 6/1/2025
Alera(2) |  | 12,020 |  |  | 8,554 |  |  | 7.41 | % |  | 3/15/2026
Bandera Ridge(3) |  | 5,348 |  |  | — |  |  | 7.41 | % |  | 12/15/2028
Blue Lake Villas |  | 9,282 |  |  | 9,327 |  |  | 3.15 | % |  | 11/1/2055
Blue Lake Villas Phase II |  | 3,252 |  |  | 3,271 |  |  | 2.85 | % |  | 6/1/2052
Chelsea |  | 7,831 |  |  | 7,878 |  |  | 3.36 | % |  | 12/1/2050
EQK Portage |  | 3,350 |  |  | 3,350 |  |  | 5.00 | % |  | 11/13/2029
Forest Grove(4) |  | 6,426 |  |  | 6,421 |  |  | 6.56 | % |  | 8/1/2031
Landing on Bayou Cane |  | 14,090 |  |  | 14,162 |  |  | 3.52 | % |  | 9/1/2053
Legacy at Pleasant Grove |  | 12,295 |  |  | 12,381 |  |  | 3.55 | % |  | 4/1/2048
Merano(5) |  | 8,317 |  |  | — |  |  | 7.75 | % |  | 11/6/2028
New Concept Energy(7) |  | 3,542 |  |  | 3,542 |  |  | 4.49 | % |  | 9/30/2027
Northside on Travis |  | 11,056 |  |  | 11,125 |  |  | 2.50 | % |  | 2/1/2053
Parc at Denham Springs |  | 15,958 |  |  | 16,048 |  |  | 3.75 | % |  | 4/1/2051
Parc at Denham Springs Phase II |  | 15,371 |  |  | 15,419 |  |  | 4.05 | % |  | 2/1/2060
RCM HC Enterprises |  | 5,086 |  |  | 5,086 |  |  | 5.00 | % |  | 12/31/2029
Residences at Holland Lake |  | 10,167 |  |  | 10,219 |  |  | 3.60 | % |  | 3/1/2053
Villas at Bon Secour |  | 18,692 |  |  | 18,798 |  |  | 3.08 | % |  | 9/1/2031
Villas of Park West I |  | 8,933 |  |  | 8,983 |  |  | 3.04 | % |  | 3/1/2053
Villas of Park West II |  | 8,113 |  |  | 8,158 |  |  | 3.18 | % |  | 3/1/2053
Vista Ridge |  | 9,299 |  |  | 9,342 |  |  | 4.00 | % |  | 8/1/2053
Windmill Farms(6) |  | 2,395 |  |  | 2,395 |  |  | 7.50 | % |  | 2/28/2026
|  | $ | 201,695 |  |  | $ | 185,398 |  |  |  |  |
(1) We expect to repay the loan at maturity with cash on hand. (2) The construction loan allow s borrowings up to $33,000 to finance the development of Alera (See Note 7 - Real Estate Activity), bears interest at SOFR plus 3% and matures on March 15, 2026, with two one-year extension options. (3) The construction loan allows borrowings up to $23,500 construction loan to finance the development of Bandera Ridge (See Note 7 - Real Estate Activity), bears interest at SOFR plus 3% and matures on December 15, 2028. (4) The loan that bears interest at SOFR plus 2.15% and matures on August 1, 2031. (5) The construction loan allows borrowings up to $25,407 to finance the development of Merano (See Note 7 - Real Estate Activity), bears interest at prime plus 0.25% and matures on November 6, 2028. (6) On February 8, 2024, we extended the maturity to February 28, 2026 at an interest rate of 7.50%. (7) The loan bears interest at SOFR.

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

X
- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
Name: | us-gaap_ScheduleOfDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration