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REAL ESTATE INVENTORY

12 Months Ended

Apr. 30, 2024

REAL ESTATE INVENTORY

REAL ESTATE INVENTORY

(2)          REAL ESTATE INVENTORY

Real estate inventory consists of (in thousands):

​	​	​	​	​	​	​
​	​	April 30,
​		2024			2023
Land inventory in New Mexico	​	$	57,527	​	$	59,361
Land inventory in Colorado	​		—	​		3,445
Homebuilding model and completed inventory	​		4,138	​		1,171
Homebuilding construction in process	​		4,318	​		1,648
Total	​	$	65,983	​	$	65,625

​

Land inventory in New Mexico represents costs for land and improvements on land in New Mexico held for development or sale. Homebuilding model and completed inventory represents costs for residential homes that are completed and ready for sale. Homebuilding construction in process represents costs for residential homes being built.

Interest and loan costs of $2,000 and real estate taxes of $74,000 were capitalized in real estate inventory for the year ended April 30, 2024. Interest and loan costs of $57,000 and real estate taxes of $79,000 were capitalized in real estate inventory for the year ended April 30, 2023.

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- References

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- Definition

The entire disclosure for certain real estate investment financial statements, real estate investment trust operating support agreements, real estate owned, retail land sales, time share transactions, as well as other real estate related disclosures.

+ References

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