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Notes Receivable (Tables)
 9 Months Ended
Sep. 30, 2020
Receivables [Abstract]  
Schedule of notes receivable

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

 

    Carrying value        
Property/Borrower   September 30, 2020     December 31, 2019     Interest Rate     Maturity Date  
ABC Land and Development, Inc.   $ 7,408     $ 7,408       9.50 %     06/21  
ABC Paradise, LLC     1,210       1,210       9.50 %     06/21  
Autumn Breeze(1)     1,807       1,302       5.00 %     10/21  
Bellwether Ridge(1)     3,559       3,765       5.00 %     11/20  
Big River NV LLC     344       —       —       07/20  
Forest Pines Phase I(1)     2,869       2,868       5.00 %     11/20  
JEM Holdings, Inc.     300       300       6.00 %     07/16  
One Realco Land Holding, Inc.     1,728       1,728       9.50 %     06/21  
Oulad-Chikh Family Trust     174       174       8.00 %     03/21  
Parc at Ingleside(1)     2,294       1,531       5.00 %     12/21  
Parc at Windmill Farms(1)     7,949       7,602       5.00 %     11/20  
Phillips Foundation for Better Living, Inc.     —       314       12.00 %     03/22  
Plum Tree(1)     792       413       5.00 %     10/21  
Prospectus Endeavors 4, LLC     5,907       5,907       12.00 %     01/23  
Prospectus Endeavors 6, LLC     496       496       12.00 %     10/22  
Riverview on the Park Land, LLC     1,045       1,045       9.50 %     06/21  
RNC Revolving Line of Credit     8,853       8,802       5.00 %     09/24  
Spyglass of Ennis(1)     5,359       5,288       5.00 %     11/20  
Steeple Crest(1)     6,498       6,665       5.00 %     08/21  
TPS Income, Inc.     4,554       4,554       6.00 %     09/20  
Unified Housing Foundation, Inc. (2)     10,401       10,401       12.00 %     12/21  
Unified Housing Foundation, Inc. (2)     10,096       10,096       12.00 %     03/22  
Unified Housing Foundation, Inc. (2)     2,882       3,795       12.00 %     07/21  
Unified Housing Foundation, Inc. (2)     212       212       12.00 %     08/21  
Unified Housing Foundation, Inc. (2)     7,051       6,831       12.00 %     03/23  
Unified Housing Foundation, Inc. (2)     3,615       —       12.00 %     05/23  
Unified Housing Foundation, Inc. (2)     6,831       —       12.00 %     10/21  
Unified Housing Foundation, Inc. (2)     495       525       12.00 %     12/21  
Unified Housing Foundation, Inc. (2)     19,125       19,125       12.00 %     12/32
Total   $ 123,854     $ 112,357                  

 

(1) The note is convertible, at our option, into a 100% ownership interest in the underlying development property, and are collateralized by the underlying development property.
(2) 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. UHF is determined to be a related party due to our significant investment in the performance of the collateral secured by the notes receivable.