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Note 4 - Real Estate Under Development | 12 Months Ended
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Dec. 31, 2020
Notes to Financial Statements |
Real Estate Under Development [Text Block] | 4. Real Estate Under Development: The Company had a real estate development project located in Dania Beach, FL for long-term investment. During June 2020, this real estate development project, aggregating $229.9 million (including internal capitalized costs of $31.2 million), was placed in service, and the Company reclassified $228.8 million to Land and Building and improvements and $1.1 million to Other assets on the Company’s Consolidated Balance Sheets. As of December 31, 2020, the Company has one land parcel located in Dania Beach, FL which is held for future development included in Real estate under development on the Company’s Consolidated Balance Sheets. During 2019, the Company sold a land parcel at a development project located in Dania Beach, FL for a sales price of $32.5 million, which resulted in a gain of $4.3 million, which is included in Gain on sale of properties/change in control of interests on the Company’s Consolidated Statements of Income.

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