SCHEDULE III REAL ESTATE AND ACCUMULATED DEPRECIATION

12 Months Ended

Dec. 31, 2019

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, 2019

			Initial Cost				Cost Capitalized Subsequent to Acquisition		Asset Impairment			Gross Amount of Which Carried at End of Year
Property/Location	Encumbrances		Land		Buildings		Improvements		Asset Impairment			Land		Building & Improvements			Total		Accumulated Depreciation		Date of Construction		Date Acquired		Life on Which Depreciation In Latest Statement of Operation is Computed
Properties Held for Investment Apartments
Legacy at Pleasant Grove, Texarkana, TX	$	13,944	$	2,005	$	17,892	$	217	$	—		$	2,005	$	18,109		$	20,114	$	2,289		2006		12/14		40 years
Toulon, Gautier, MS		19,575		1,621		20,107		372		—			1,621		20,479			22,100		4,273		2011		9/09		40 years
Villager, Ft. Walton, FL		672		141		1,267		—		—			141		1,267			1,408		148		1972		6/15		40 years
Villas at Bon Secour, Gulf Shores, AL		11,212		2,715		15,385		—		—			2,715		15,385			18,100		545		2007		7/18		40 years
Vista Ridge, Tupelo, MS		10,252		1,339		13,398		—		—			1,339		13,398			14,737		1,893		2009		10/15		40 years
Chelsea, Beaumont, TX		8,794		1,225		11,025		160		—			1,225		11,185			12,410		303		1999		11/18		40 years
Overlook at Allensville Phase II, Sevierville, TN		15,829		2,411		17,005		—		—			2,411		17,005			19,416		319		2012		11/15		40 years
Landing, Houma, LA		15,484		2,012		18,115		25		—			2,012		18,140			20,152		491		2005		12/18		40 years
Farnham Park, Port Aurther, TX		9,183		1,010		9,086		144		—			1,010		9,230			10,240		251		1999		11/18		40 years
Parc at Denham Springs Phase II, Denham Springs, LA		15,079		1,502		12,486		3,508		—			1,502		15,994			17,496		50		2010		11/9		40 years
Total Apartments Held for Investment	$	120,024	$	15,981	$	135,766	$	4,426	$	—		$	15,981	$	140,192		$	156,173	$	10,562
Apartments Under Construction
Forest Pines, Bryan, TX		—		5,040		—		301		—			5,040		301			5,341		—		—		—		—
Sugar Mill III, Addis, LA		6,302		576		—		7,023		—			576		7,023			7,599		—		—		11/15		—
McKinney Apts at Heritage, McKinney, TX		—		2,481		—		89		—			2,481		89			2,570		—		—		6/17		—
Forest Pines Phase II (Forest Grove), Bryan, TX		1,560		—		—		4,674		—			—		4,674			4,674		—		—		4/19		—
LD Athens Lindsay Ln, Athens, LA		1,155		2,098		—		81		—			2,098		81			2,179		—		—		9/19		—
Total Apartments Under Construction	$	9,017	$	10,195	$	—	$	12,168	$	—		$	10,195	$	12,168		$	22,363	$	—
Commercial
600 Las Colinas, Las Colinas, TX		37,215		5,751		51,759		20,143		—			5,751		71,902			77,653		32,858		1984		8/05		40 years
770 South Post Oak, Houston, TX		12,178		1,763		15,834		697		—			1,763		16,531			18,294		2,117		1970		7/15		40 years
Bridgeview Plaza, LaCrosse, WI		3,908		—		—		1,207		—			—		1,207			1,207		804		1979		3/03		40 years
Browning Place (Park West I), Farmers Branch, TX				5,096		45,868		26,645		—			5,096		72,513			77,609		29,867		1984		4/05		40 years
Fruitland Plaza, Fruitland Park, FL				23		—		83		—			23		83			106		71		—		5/92		40 years
Senlac VHP,  Farmers Branch, TX				622		—		142		—			622		142			764		142		—		8/05		40 years
Stanford Center, Dallas, TX		39,537		20,278		34,862		8,251		(9,600	)		20,278		33,513			53,791		13,752		—		6/08		40 years
Total Commercial Held for Investment	$	92,838	$	33,533	$	148,323	$	57,168	$	(9,600	)	$	33,533	$	195,891		$	229,424	$	79,611
Land
Dedeaux, Gulfport, MS		—		1,612		—		46		(38	)		1,612		8			1,620		—		—		10/06		—
Gautier, Gautier, MS		—		202		—		—		—			202		—			202		—		—		7/98		—
Lake Shore Villas, Humble, TX		—		81		—		3		—			81		3			84		—		—		3/02		—
Lubbock, Lubbock, TX		—		234		—		—		—			234		—			234		—		—		1/04		—
Ocean Estates, Gulfport, MS		—		1,418		—		390		—			1,418		390			1,808		—		—		10/07		—
Union Pacific Railroad, Dallas, TX		—		130		—		—		—			130		—			130		—		—		3/04		—
Willowick, Pensacola, FL		—		137		—		—		—			137		—			137		—		—		1/95		—
Windmill Farms, Kaufman County, TX		13,861		55,668		—		13,913		(20,343	)		55,668		(6,430	)		49,238		—		—		11/11		—
T Palm Desert, Riverside, CA		—		1,800		—		—		—			1,800		—			1,800		—		—		9/19		—
Lacy Longhorn, Farmers Branch, TX		—		1,169		—		—		(760	)		1,169		(760	)		409		—		—		6/04		—
Minivest, Dallas, TX		—		7		—		—					7		—			7		—		—		4/13		—
Nicholson Croslin, Dallas, TX		—		184		—		—		(118	)		184		(118	)		66		—		—		10/98		—
Nicholson Mendoza, Dallas, TX		—		80		—		—		(51	)		80		(51	)		29		—		—		10/98		—
Mercer Crossing, Farmers Branch, TX		—		10,966		—		—					10,966		—			10,966		—		—		1/08		—
McKinney 36, Collin County, TX		945		635		—		161		(19	)		635		142			777		—		—		1/98		—
Travis Ranch, Kaufman County, TX		—		80		—		—		—			80		—			80		—		—		8/08		—
Dominion Mercer Phase II, Farmers Branch, TX		—		2,440		—		111		(135	)		2,440		(24	)		2,416		—		—		3/99		—
Total Land Held for Investment	$	14,806	$	76,843	$	—	$	14,624	$	(21,464	)	$	76,843	$	(6,840	)	$	70,003	$	—
Total Properties Held for Investment	$	236,685	$	136,552	$	284,089	$	88,386	$	(31,064	)	$	136,552	$	341,411		$	477,963	$	90,173

REAL ESTATE AND ACCUMULATED DEPRECIATION

As of December 31, 2019

	2019			2018			2017
Reconciliation of Real Estate
Balance at January 1,	$	463,732		$	1,165,662			1,066,603
Additions
Acquisitions, improvements and construction		92,964			175,996			129,483
Deductions
Sale of real estate		(78,733	)		(877,926	)		(30,424	)
Balance at December 31,	$	477,963		$	463,732		$	1,165,662
Reconciliation of Accumulated Depreciation
Balance at January 1,		79,228			177,546			165,597
Additions
Depreciation		13,379			22,761			25,558
Deductions
Sale of real estate		(2,434	)		(121,079	)		(13,609	)
Balance at December 31,	$	90,173		$	79,228			177,546