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Notes Receivable
 3 Months Ended
Mar. 31, 2023
Receivables [Abstract]  
Notes Receivable Notes Receivable
The following table summarizes our notes receivable as of March 31, 2023 and December 31, 2022:
Carrying value
Property/BorrowerMarch 31, 2023December 31, 2022Interest RateMaturity Date
ABC Land and Development, Inc.$4,408 $4,408 9.50 %6/30/26
ABC Paradise, LLC1,210 1,210 9.50 %6/30/26
Autumn Breeze(1)2,157 2,326 5.00 %7/1/25
Bellwether Ridge(1)3,798 3,798 5.00 %11/1/26
Forest Pines(1)(4)6,472 6,472 5.00 %11/1/22
Legacy Pleasant Grove496 496 12.00 %10/23/24
McKinney Ranch3,926 3,926 6.00 %9/15/24
One Realco Land Holding, Inc.1,728 1,728 9.50 %6/30/26
Parc at Ingleside(1)3,759 3,759 5.00 %11/1/26
Parc at Opelika Phase II(1)(4)3,190 3,190 10.00 %1/13/23
Parc at Windmill Farms(1)(4)7,886 7,886 5.00 %11/1/22
Phillips Foundation for Better Living, Inc.(2)182 182 12.00 %3/31/24
Plum Tree(1)1,767 1,767 5.00 %4/26/26
Polk County Land3,000 3,000 9.50 %6/30/26
Riverview on the Park Land, LLC1,045 1,045 9.50 %6/30/26
Spartan Land5,907 5,907 12.00 %1/16/25
Spyglass of Ennis(1)(4)5,179 5,258 5.00 %11/1/22
Steeple Crest(1)6,498 6,498 5.00 %8/1/26
Unified Housing Foundation(2)(3)20,325 20,325 12.00 %6/30/23
Unified Housing Foundation(2)(3)10,096 10,096 12.00 %3/31/24
Unified Housing Foundation(2)(3)6,990 6,990 12.00 %3/31/25
Unified Housing Foundation(2)(3)3,615 3,615 12.00 %5/31/23
Unified Housing Foundation(2)(3)17,172 17,172 12.00 %12/31/32
Unified Housing Foundation(2)(3)6,521 6,521 12.00 %3/31/24
Unified Housing Foundation(2)(3)1,549 1,549 12.00 %4/30/24
Unified Housing Foundation(2)(3)180 180 12.00 %6/30/24
$129,056 $129,304 
(1)The note is convertible, at our option, into a 100% ownership interest in the underlying development property, and is collateralized by the underlying development property.
(2) The borrower is deemed to be a related party due to our significant investment in the performance of the collateral secured by the notes receivable.
(3) Principal and interest payments on the notes from Unified Housing Foundation, Inc. (“UHF”) are funded from surplus cash flow from operations, sale or refinancing of the underlying properties and are cross collateralized to the extent that any surplus cash available from any of the properties underlying the notes.
(4)    We are working with the borrower to extend the maturity and/or exercise our conversion option.