SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION

12 Months Ended

Dec. 31, 2021

SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract]

SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION

SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION

December 31, 2021

			Initial Cost				Cost Capitalized Subsequent to Acquisition		Gross Amount Carried at End of Year
Property/Location	Encumbrances		Land		Buildings				Land		Building & Improvements		Total		Accumulated Depreciation		Date of Construction	Date Acquired
Multifamily
Chelsea	$	8,037	$	1,225	$	11,230	$	17	$	1,231	$	11,241	$	12,472	$	893	1999	2018
Forest Grove	7,263		1,440		10,234		32		1,440		10,266		11,706		410		2020	2020
Landing Bayou	14,407		2,011		18,255		(5,962)		2,011		12,293		14,304		1,425		2005	2018
Legacy at Pleasant Grove	13,352		2,005		18,109		57		2,033		18,138		20,171		3,237		2006	2018
Parc at Denham Springs Phase II	15,962		1,505		16,975		—		1,505		16,975		18,480		873		2010	2009
Sugar Mill Phase III	9,216		576		9,755		(15)		576		9,740		10,316		382		2015	2015
Toulon	13,697		1,621		20,107		411		1,993		20,146		22,139		5,279		2011	2014
Villas at Bon Secour	19,492		2,715		15,385		52		2,715		15,437		18,152		1,318		2007	2018
Vista Ridge	9,830		1,339		13,398		6		1,339		13,404		14,743		2,590		2009	2018
	111,256		14,437		133,448		(5,402)		14,843		127,640		142,483		16,407
Commercial
770 South Post Oak	11,635		1,763		16,312		672		1,763		16,984		18,747		3,037		1970	2015
Browning Place	75,298		5,096		49,441		14,453		5,096		63,894		68,990		28,140		1984	2005
Stanford Center	38,979		20,278		25,876		6,224		20,278		32,100		52,378		15,275		2007	2008
Other	—		646		74		—		646		74		720		74
	125,912		27,783		91,703		21,349		27,783		113,052		140,835		46,526
Developed and Undeveloped Land
Mercer Crossing	—		2,999		—		—		2,999		—		2,999		—			2018
Windmill Farms	8,389		43,608		—		2,159		45,767		—		45,767		—			2006
Other	6,491		19,608		—		7,604		27,212		—		27,212		—
	14,880		66,215		—		9,763		75,978		—		75,978		—
	$	252,048	$	108,435	$	225,151	$	25,710	$	118,604	$	240,692	$	359,296	$	62,933

SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION

As of December 31, 2021

	2021		2020		2019
Reconciliation of Real Estate
Balance at January 1,	$	459,801	$	477,963	$	463,732
Additions	5,814		21,223		92,964
Deductions	(106,319)		(39,385)		(78,733)
Balance at December 31,	$	359,296	$	459,801	$	477,963
Reconciliation of Accumulated Depreciation
Balance at January 1,	82,418		90,173		79,228
Additions	10,820		12,188		13,379
Deductions	(30,305)		(19,943)		(2,434)
Balance at December 31,	$	62,933	$	82,418	$	90,173