Debt, Net (Tables)

6 Months Ended

Jun. 30, 2018

Debt, Net

Schedule of Debt

Debt consists of the following at June 30, 2018:

			Unamortized
			Discount and
			Debt Issuance
	Principal		Costs		Net
PPN JV Loan, due November 2025, bearing interest at 4.1%	$	46,863	$	479	$	46,384
Loan in the Pier Park Crossings JV, insured by The United States Department of Housing and Urban Development, due June 2060, bearing interest at 4.0%		5,040		1,130		3,910
Community Development District debt, secured by certain real estate or other collateral, due May 2023 — May 2039, bearing interest at 3.6% to 6.0%		6,608		—		6,608
Pier Park Outparcel Construction Loan, due March 2027, bearing interest at LIBOR plus 1.7% (effective rate of 3.8% at June 30, 2018)		1,611		17		1,594
WaterColor Crossings Construction Loan, due February 2029, bearing interest at LIBOR plus 1.7% (effective rate of 3.8% at June 30, 2018)		697		27		670
Total debt	$	60,819	$	1,653	$	59,166

Debt consists of the following at December 31, 2017:

			Unamortized
			Discount and
			Debt Issuance
	Principal		Costs		Net
PPN JV Loan, due November 2025, bearing interest at 4.1%	$	47,295	$	512	$	46,783
Community Development District debt, secured by certain real estate or other collateral, due May 2031 — May 2039, bearing interest at 3.6% to 7.0%		7,241		—		7,241
Pier Park Outparcel Construction Loan, due March 2027, bearing interest at LIBOR plus 1.7% (effective rate of 3.3% at December 31, 2017)		1,624		18		1,606
Total debt	$	56,160	$	530	$	55,630

Schedule of Aggregate Maturities of Debt

	June 30,
	2018
2018	$	494
2019		1,567
2020		1,772
2021		1,955
2022		1,935
Thereafter		53,096
	$	60,819