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INVESTMENT ASSETS

3 Months Ended

Jul. 31, 2024

INVESTMENT ASSETS

INVESTMENT ASSETS

(3)          INVESTMENT ASSETS

Investment assets, net consist of (in thousands):

​

​	​	​	​	​	​	​
​		July 31,			April 30,
​	​	2024		​	2024
Land held for long-term investment	​	$	9,241	​	$	9,200
Owned real estate leased or intended to be leased	​		3,920	​		3,449
Less accumulated depreciation	​	​	(122)	​	​	(98)
Owned real estate leased or intended to be leased, net	​	​	3,798	​	​	3,351
Total	​	$	13,039	​	$	12,551

​

Refer to Note 3 to the consolidated financial statements contained in the 2024 Form 10-K for detail regarding investment assets. As of July 31, 2024, eleven homes were leased to residential tenants. As of April 30, 2024, ten homes were leased to residential tenants. Depreciation associated with owned real estate leased or intended to be leased was $24,000 and $19,000 for the three months ended July 31, 2024 and July 31, 2023.

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- Definition

The entire disclosure for real estate investment assets like, the value of land held for long-term investment as well as other real estate investment assets related disclosures.

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