Mortgages and Other Notes Payable (Tables)

12 Months Ended

Dec. 31, 2023

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
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
	$	179,141	$	184,462

(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 at 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 mortgages and other 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	132,573
	180,108
Deferred finance cost	(967)
	$	179,141