XML 14 R78.htm IDEA: XBRL DOCUMENT v3.20.1
Debt, Net - Schedule of Debt (Details) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2020
Dec. 31, 2019
Debt instruments    
Outstanding debt $ 100,556 $ 94,507
Unamortized Discount and Debt Issuance Costs 2,219 1,978
Debt, Net 98,337 92,529
PPN JV Loan, due November 2025, bearing interest at 4.1%    
Debt instruments    
Outstanding debt 45,281 45,514
Unamortized Discount and Debt Issuance Costs 363 380
Debt, Net $ 44,918 $ 45,134
Debt interest rate (as a percent) 4.10% 4.10%
PPC JV Loan, due June 2060, bearing interest at 4.0%    
Debt instruments    
Outstanding debt $ 35,690 $ 34,610
Unamortized Discount and Debt Issuance Costs 1,081 1,087
Debt, Net $ 34,609 $ 33,523
Debt interest rate (as a percent) 4.00% 4.00%
Community Development District debt, secured by certain real estate or other collateral, due May 2023 through May 2039, bearing interest at 3.6% to 6.0%    
Debt instruments    
Outstanding debt $ 6,752 $ 6,977
Debt, Net $ 6,752 $ 6,977
Community Development District debt, secured by certain real estate or other collateral, due May 2023 through May 2039, bearing interest at 3.6% to 6.0% | Minimum    
Debt instruments    
Debt interest rate (as a percent) 3.60% 3.60%
Community Development District debt, secured by certain real estate or other collateral, due May 2023 through May 2039, bearing interest at 3.6% to 6.0% | Maximum    
Debt instruments    
Debt interest rate (as a percent) 6.00% 6.00%
Watersound Origins Crossings JV Loan, due May 2024, bearing interest at 5.0%    
Debt instruments    
Outstanding debt $ 6,202 $ 2,868
Unamortized Discount and Debt Issuance Costs 428 454
Debt, Net $ 5,774 $ 2,414
Debt interest rate (as a percent) 5.00% 5.00%
Watercrest JV Loan, due June 2047, bearing interest at LIBOR plus 2.2%    
Debt instruments    
Outstanding debt $ 2,130  
Unamortized Discount and Debt Issuance Costs 292  
Debt, Net $ 1,838  
Effective interest rate (as a percent) 3.20%  
Watercrest JV Loan, due June 2047, bearing interest at LIBOR plus 2.2% | LIBOR    
Debt instruments    
Basis spread on variable rate 2.20%  
Beach Homes Loan, due May 2029, bearing interest at LIBOR plus 1.7%.    
Debt instruments    
Outstanding debt $ 1,584 $ 1,594
Unamortized Discount and Debt Issuance Costs 19 20
Debt, Net $ 1,565 $ 1,574
Effective interest rate (as a percent) 2.70%  
Beach Homes Loan, due May 2029, bearing interest at LIBOR plus 1.7%. | LIBOR    
Debt instruments    
Basis spread on variable rate 1.70% 1.70%
Pier Park Outparcel Construction Loan, due March 2027, bearing interest at LIBOR plus 1.7%    
Debt instruments    
Outstanding debt $ 1,520 $ 1,535
Unamortized Discount and Debt Issuance Costs 14 14
Debt, Net $ 1,506 $ 1,521
Effective interest rate (as a percent) 2.70%  
Pier Park Outparcel Construction Loan, due March 2027, bearing interest at LIBOR plus 1.7% | LIBOR    
Debt instruments    
Basis spread on variable rate 1.70% 1.70%
WaterColor Crossings Construction Loan, due February 2029, bearing interest at LIBOR plus 1.7%    
Debt instruments    
Outstanding debt $ 1,397 $ 1,409
Unamortized Discount and Debt Issuance Costs 22 23
Debt, Net $ 1,375 $ 1,386
Effective interest rate (as a percent) 2.70%  
WaterColor Crossings Construction Loan, due February 2029, bearing interest at LIBOR plus 1.7% | LIBOR    
Debt instruments    
Basis spread on variable rate 1.70% 1.70%