Item 2. Properties
ITEM 2. PROPERTIES
Residential Properties in Operation
Count Property Location Year Constructed Units Occupancy
1 Blue Lake Villas Waxahachie, TX 2002 186 89.8 %
2 Blue Lake Villas Phase II Waxahachie, TX 2004 70 95.7 %
3 Chelsea Beaumont, TX 1999 144 97.9 %
4 Forest Grove Bryan, TX 2020 84 91.7 %
5 Landing on Bayou Cane Houma, LA 2005 240 92.5 %
6 Legacy at Pleasant Grove Texarkana, TX 2006 208 94.2 %
7 Northside on Travis Sherman, TX 2008 200 84.0 %
8 Parc at Denham Springs Denham Spring, LA 2007 224 94.6 %
9 Parc at Denham Springs Phase II Denham Springs, LA 2010 144 92.4 %
10 Residences at Holland Lake Weatherford, TX 2004 208 98.6 %
11 Villas of Park West Phase I Pueblo, CO 2005 148 96.6 %
12 Villas of Park West Phase II Pueblo, CO 2010 112 94.6 %
13 Vista Ridge Tupelo, MS 2009 160 94.4 %
2,128
Residential Properties in Lease-Up
Count Property Location Year Constructed Units Occupancy
1 Alera Lake Wales, FL 2025 240 12.9 %
2 Bandera Ridge Temple, TX 2025 216 16.7 %
3 Merano McKinney, TX 2025 216 11.1 %
672
Residential Properties in Construction
Count Property Location Units
1 Mountain Creek Dallas, TX 234
234
12
Commercial Properties
Count Property Location Year Constructed Rentable Square Feet Occupancy
1 770 South Post Oak Houston, TX 1970 95,528 61.7 %
2 Browning Place Dallas, TX 1984 626,529 55.4 %
3 Senlac Dallas, TX 1971 2,812 100.0 %
4 Stanford Center Dallas, TX 2007 276,680 64.9 %
1,001,549
The following table summarizes our commercial lease expirations as of December 31, 2025:
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
2026 4 20,856 4 % 27.07 3.6 %
2027 7 17,224 3 % 25.59 2.8 %
2028 12 52,272 9 % 24.53 8.1 %
2029 8 102,764 17 % 16.79 10.9 %
2030 8 106,707 18 % 29.01 19.5 %
Thereafter 24 288,362 49 % 30.30 55.1 %
63 588,185 100 % 100.0 %
13
Land Investments
Project Location Acres
Held for development
Athens Athens, AL 33
EQK Portage Kent, OH 49
McKinney 36 Collin County, TX 18
Ocean Estates Gulfport, MS 12
Willowick Pensacola, FL 40
Mercer Crossing Commercial Farmers Branch, TX 19
Windmill Farms Kaufman County, TX 1,482
Other Various 38
1,691
Held subject to sales contract
Windmill Farms Kaufman County, TX 101
1,792
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.