Item 2. Properties
ITEM 2. PROPERTIES
Residential Properties
Count Property Location Year Constructed Units Occupancy
1 Blue Lake Villas (1) Waxahachie, TX 2002 186 96.3 %
2 Blue Lake Villas Phase II (1) Waxahachie, TX 2004 70 97.2 %
3 Chelsea Beaumont, TX 1999 144 90.6 %
4 Forest Grove Bryan, TX 2020 84 98.2 %
5 Landing Bayou Houma, LA 2005 240 46.2 %
6 Legacy at Pleasant Grove Texarkana, TX 2006 208 94.1 %
7 Northside on Travis (1) Sherman, TX 2008 200 97.2 %
8 Parc at Denham Springs (1) Denham Spring, LA 2007 224 93.0 %
9 Parc at Denham Springs Phase II Denham Springs, LA 2010 144 91.6 %
10 Residences at Holland Lake (1) Weatherford, TX 2004 208 96.7 %
11 Villas at Bon Secour Gulf Shores, AL 2007 200 96.5 %
12 Villas of Park West I (1) Pueblo, CO 2005 148 97.5 %
13 Villas of Park West II (1) Pueblo, CO 2010 112 97.9 %
14 Vista Ridge Tupelo, MS 2009 160 94.4 %
2,328
(1) Property is part of the VAA Holdback Portfolio that was acquired in connection with the sale of the VAA Sale Portfolio (See "Other Developments" in Item 7. Management Discussion and Analysis - Management Overview").
The following table sets forth the location and number of units as of December 31, 2022:
Location No. Units
Alabama 1 200
Colorado 2 260
Louisiana 3 608
Mississippi 1 160
Texas 7 1,100
14 2,328
14
Commercial Properties
Count Property Location Year Constructed Square Feet Occupancy
1 770 South Post Oak Houston, TX 1970 95,450 55.2 %
2 Browning Place Dallas, TX 1984 625,297 71.7 %
3 Senlac Dallas, TX 1971 2,812 100.0 %
4 Stanford Center Dallas, TX 2007 333,234 61.6 %
1,056,793
The following table summarizes our commercial lease expirations as of December 31, 2022:
Year of Lease
Expiration Number of Leases Expiring Square Foot ("SF") of Leases Expiring % of Total Leased SF by Expiring Leases Ending Rent/SF of Expiring Leases % of Total Rent Represented by Expiring Leases
2023 16 224,585 36 % 19.77 30.3 %
2024 10 35,578 6 % 21.83 5.3 %
2025 5 23,657 4 % 19.58 3.1 %
2026 4 17,951 3 % 24.13 3.0 %
2027 3 9,984 2 % 25.42 1.7 %
Thereafter 25 314,439 49 % 26.41 56.6 %
63 626,194 100 % 100.0 %
15
Land Investments
Project Location Acres
Held for development
Athens Athens, AL 33
EQK Portage Kent, OH 49
McKinney 36 Collin County, TX 18
McKinney Heritage McKinney, TX 10
Ocean Estates Gulfport, MS 12
Willowick Pensacola, FL 40
Mercer Crossing Commercial Farmers Branch, TX 19
Windmills Farm Kaufman County, TX 1,488
Other Various 41
1,710
Held subject to sales contract
Windmill Farms Kaufman County, TX 148
1,858
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.