Debt, Net (Tables)

3 Months Ended

Mar. 31, 2021

Debt, Net

Schedule of Debt

	March 31, 2021						December 31, 2020
			Unamortized						Unamortized
			Discount and						Discount and
			Debt Issuance						Debt Issuance
	Principal		Costs		Net		Principal		Costs		Net
PPN JV Loan, due November 2025, bearing interest at 4.1%	$	44,325	$	297	$	44,028	$	44,568	$	314	$	44,254
PPC JV Loan, insured by HUD, due June 2060, bearing interest at 4.0%		35,990		1,072		34,918		36,084		1,079		35,005
Watersound Origins Crossings JV Loan, due May 2024, bearing interest at 5.0%		31,061		325		30,736		27,179		351		26,828
Watercrest JV Loan, due June 2047, bearing interest at LIBOR plus 2.2% (effective rate of 2.3% at March 31, 2021)		18,931		347		18,584		18,066		284		17,782
PPC II JV Loan, due October 2024, bearing interest at LIBOR plus 2.3% (effective rate of 2.4% at March 31, 2021)		17,355		191		17,164		15,921		198		15,723
Airport Hotel Loan, due March 2025, bearing interest at LIBOR plus 2.0%, with a floor rate of 3.0% (effective rate of 3.0% at March 31, 2021)		7,184		158		7,026		3,548		168		3,380
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%		6,292		—		6,292		6,294		—		6,294
Beckrich Building III Loan, due August 2029, bearing interest at LIBOR plus 1.7% (effective rate of 1.8% at March 31, 2021)		5,363		57		5,306		5,421		59		5,362
Beach Homes Loan, due May 2029, bearing interest at LIBOR plus 1.7% (effective rate of 1.8% at March 31, 2021)		1,532		17		1,515		1,545		17		1,528
Self-Storage Facility Loan, due November 2025, bearing interest at LIBOR plus 2.5%, with a floor rate of 3.0% (effective rate of 3.0% at March 31, 2021)		1,526		83		1,443		—		—		—
Pier Park Outparcel Construction Loan, due March 2027, bearing interest at LIBOR plus 1.7% (effective rate of 1.8% at March 31, 2021)		1,436		12		1,424		1,458		12		1,446
WaterColor Crossings Construction Loan, due February 2029, bearing interest at LIBOR plus 1.7% (effective rate of 1.8% at March 31, 2021)		1,314		20		1,294		1,334		21		1,313
Total debt	$	172,309	$	2,579	$	169,730	$	161,418	$	2,503	$	158,915

Schedule of Aggregate Maturities of Debt

The aggregate maturities of debt subsequent to March 31, 2021, for the years ending December 31 are:

	March 31,
	2021
2021	$	2,107
2022		3,452
2023		3,954
2024		50,325
2025		50,717
Thereafter		61,754
	$	172,309