v3.25.2
Mortgages and Other Notes Payable (Tables)
 6 Months Ended
Jun. 30, 2025
Debt Disclosure [Abstract]  
Schedule of Mortgages and Other Notes Payable
The following table summarizes our mortgages and other notes payable as of June 30, 2025 and December 31, 2024:
Carrying ValueInterest
Rate		Maturity
Date
Property/ EntityJune 30, 2025December 31, 2024
770 South Post Oak(1)$— $10,939 
Alera(2)23,051 8,554 7.45 %3/15/2026
Bandera Ridge(3)12,477 — 7.45 %12/15/2028
Blue Lake Villas9,237 9,327 3.15 %11/1/2055
Blue Lake Villas Phase II3,232 3,271 2.85 %6/1/2052
Chelsea7,783 7,878 3.36 %12/1/2050
EQK Portage3,350 3,350 5.00 %11/13/2029
Forest Grove(4)6,431 6,421 6.56 %8/1/2031
Landing on Bayou Cane14,018 14,162 3.52 %9/1/2053
Legacy at Pleasant Grove12,209 12,381 3.55 %4/1/2048
Merano(5)16,054 — 7.75 %11/6/2028
Northside on Travis10,988 11,125 2.50 %2/1/2053
Parc at Denham Springs15,867 16,048 3.75 %4/1/2051
Parc at Denham Springs Phase II15,323 15,419 4.05 %2/1/2060
RCM HC Enterprises5,086 5,086 5.00 %12/31/2029
Residences at Holland Lake10,114 10,219 3.60 %3/1/2053
Villas at Bon Secour18,588 18,798 3.08 %9/1/2031
Villas of Park West I8,882 8,983 3.04 %3/1/2053
Villas of Park West II8,068 8,158 3.18 %3/1/2053
Vista Ridge9,255 9,342 4.00 %8/1/2053
Windmill Farms(6)2,396 2,395 7.50 %2/28/2026
$212,409 $181,856 

(1)    On May 30, 2025, we paid off the loan with cash on hand.
(2)    The construction loan allows borrowings up to $33,000 to finance the development of Alera (See Note 7 - Real Estate Activity), bears interest at SOFR plus 3% and matures on March 15, 2026, with two one-year extension options.
(3)    The construction loan allows borrowings up to $23,500 construction loan to finance the development of Bandera Ridge (See Note 7 - Real Estate Activity), bears interest at SOFR plus 3% and matures on December 15, 2028.
(4)    The loan that bears interest at SOFR plus 2.15% and matures on August 1, 2031.
(5)    The construction loan allows borrowings up to $25,407 to finance the development of Merano (See Note 7 - Real Estate Activity), bears interest at prime plus 0.25% and matures on November 6, 2028.
(6)    On February 8, 2024, we extended the maturity to February 28, 2026 at an interest rate of 7.50%.