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Note 5 - Assets Held for Sale and Real Estate Sales
6 Months Ended
Jun. 30, 2016
Notes to Financial Statements  
Assets Held-for-Sale and Real Estate Sales Disclosure [Text Block]
5
.
     
ASSETS HELD FOR SALE AND REAL ESTATE SALES
 
Assets held for sale at June 30, 2016 and December 31, 2015 consisted of the following:
 
 
 
June 30,
2016
 
 
December
31,
2015
 
 
 
(in
thousands)
 
Upcountry Maui, 630-acre parcel of agricultural land
  $ 147     $ 147  
Upcountry Maui, 80-acre parcel of agricultural land and wastewater treatment facility
    45       45  
West Maui, 5-acre fully entitled, 42-unit workforce housing project
    94       70  
Assets held for sale
  $ 286     $ 262  
 
In June 2016, the Company sold a fully-entitled 304-acre working-class community project located in West Maui, commonly referred to as Pulelehua, for $15 million. The sale resulted in a gain of approximately $14.3 million. The Company utilized the proceeds from the sale to payoff its American AgCredit term loan.