SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION

12 Months Ended

Dec. 31, 2023

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, 2023

			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
Blue Lake Villas	$	9,503	$	6,920	$	27,680	$	56	$	6,920	$	27,736	$	34,656	$	811	2002	2022
Blue Lake Villas Phase II	3,349		2,400		9,600		—		2,400		9,600		12,000		280		2004	2022
Chelsea	8,064		1,225		11,230		53		1,231		11,277		12,508		1,493		1999	2018
Forest Grove	6,988		1,440		10,234		37		1,440		10,271		11,711		931		2020	2020
Landing on Bayou Cane	14,442		2,011		18,255		132		2,011		18,387		20,398		1,929		2005	2018
Legacy at Pleasant Grove	12,716		2,005		18,109		116		2,033		18,197		20,230		4,644		2006	2018
Northside on Travis	11,394		7,160		28,640		—		7,160		28,640		35,800		835		2008	2022
Parc at Denham Springs	16,399		6,060		24,240		20		6,060		24,260		30,320		707		2007	2022
Parc at Denham Springs Phase II	15,608		1,505		16,975		—		1,505		16,975		18,480		1,764		2010	2009
Residences at Holland Lake	10,424		6,300		25,200		45		6,300		25,245		31,545		738		2004	2022
Villas at Bon Secour	19,205		2,715		15,385		52		2,715		15,437		18,152		2,098		2007	2018
Villas of Park West I	9,181		8,200		32,800		22		8,200		32,822		41,022		957		2005	2022
Villas of Park West II	8,334		6,860		27,440		—		6,860		27,440		34,300		800		2010	2022
Vista Ridge	9,512		1,339		13,398		6		1,339		13,404		14,743		3,608		2009	2018
Development projects	—		—		—		27,195		—		27,195		27,195		—
	155,119		56,140		279,186		27,734		56,174		306,886		363,060		21,595
Commercial
770 South Post Oak	11,187		1,763		16,312		1,321		1,763		17,633		19,396		3,905		1970	2015
Browning Place	—		5,096		49,441		14,005		5,096		63,446		68,542		29,341		1984	2005
Stanford Center	—		20,278		25,876		2,037		20,278		27,913		48,191		12,524		2007	2008
Other	—		646		74		(98)		622		—		622		—
	11,187		27,783		91,703		17,265		27,759		108,992		136,751		45,770
Developed and Undeveloped Land
Mercer Crossing	—		2,999		—		(166)		2,833		—		2,833		—			2018
Windmill Farms	4,399		43,608		—		4,570		48,178		—		48,178		—			2006
Other	8,436		19,608		—		(1,479)		18,129		—		18,129		—
	12,835		66,215		—		2,925		69,140		—		69,140		—
	$	179,141	$	150,138	$	370,889	$	47,924	$	153,073	$	415,878	$	568,951	$	67,365

SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION

As of December 31, 2023

	2023		2022		2021
Reconciliation of Real Estate
Balance at January 1,	$	559,875	$	359,296	$	459,801
Additions	29,474		240,018		5,814
Deductions	(20,398)		(39,439)		(106,319)
Balance at December 31,	$	568,951	$	559,875	$	359,296
Reconciliation of Accumulated Depreciation
Balance at January 1,	66,054		62,933		82,418
Additions	12,887		8,962		10,820
Deductions	(11,576)		(5,841)		(30,305)
Balance at December 31,	$	67,365	$	66,054	$	62,933