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Mortgages and Notes Payable
 9 Months Ended
Sep. 30, 2020
Debt Disclosure [Abstract]  
Mortgages and Notes Payable
10. Mortgages and Notes Payable

 

The following table summarizes our mortgages and other notes payable as of September 30, 2020 and December 31, 2019:

 

    Carrying value              
Property / Entity   September 30, 2020     December 31, 2019     Effective
Interest Rate 		    Maturity Date  
600 Las Colinas Building   $ 35,773     $ 36,302       5.30 %   11/1/2023  
770 South Post Oak  Building     11,924       12,077       4.40 %   6/1/2025  
Bridgeview Plaza Shopping Center(1)     —       3,824       7.75 %   11/1/2020  
Chelsea Apartments     8,627       8,749       3.40 %   12/1/2050  
EQK Portage-Kent Ohio Land(2)     3,350       —       10.00 %   11/13/2024  
Estate of Robert Shaw(3)     13,065       13,032       9.50 %   7/5/2020  
Farnham Apartments(4)     —       9,144       3.39 %   12/1/2050  
Forest Pines Phase II Apartments(5)     7,057       —       3.75 %   5/5/2024  
Forest Pines Phase II(5)     —       1,390       3.75 %   5/5/2024  
Landing Apartments     15,286       15,467       3.50 %   9/1/2053  
LD Athens Lindsay Ln Land     1,155       1,155       5.90 %   2/28/2021  
Legacy at Pleasant Grove Apartments     13,727       13,944       3.60 %   4/1/2048  
McKinney 36 Land     856       944       8.00 %   6/30/2022  
Overlook at Allensville Phase II Apartments     15,666       15,798       3.80 %   5/1/2059  
Parc at Denham Spring Phase II Apartments     16,168       14,785       4.10 %   2/1/2060  
Stanford Center Building     39,191       39,255       6.00 %   12/26/2021  
Sugar Mill Phase III Apartments     —       5,908       4.50 %   2/1/2060  
Sugar Mill Phase III Apartments     8,906       —       4.50 %   2/1/2060  
Toulon Apartments     18,283       18,465       3.20 %   12/1/2051  
Villager Apartments(6)     —       556       2.50 %   3/1/2043  
Villas at Bon Secour Apartments     10,860       11,026       4.00 %   1/1/2022  
Vista Ridge Apartments     10,015       10,122       4.00 %   8/1/2053  
Windmill Farms Land     12,391       13,830       6.00 %   2/28/2021  
Total   $ 242,300     $ 245,773                

 

(1) On September 14, 2020, we paid off the loan in connection with the sale of the underlining property (See Note 7 – Real Estate Activity).
(2) On March 5, 2020, we acquired 49.2 acres of land in Kent, Ohio in exchange for the note payable.
(3) We are currently negotiating an extension of the loan with the lender.
(4) On July 16, 2020, the loan was assumed by a third party in connection with the sale of the underlying property (See Note 7 – Real Estate Activity).
(5) The loan bears interest at prime rate plus 0.5%.
(6) On May 1, 2020, the loan was assumed by a third party in connection to sale of the underlying property (See Note 7 – Real Estate Activity).