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REAL ESTATE ACTIVITY
3 Months Ended
Mar. 31, 2013
REAL ESTATE ACTIVITY  
REAL ESTATE ACTIVITY

NOTE 2. REAL ESTATE ACTIVITY

 

Our properties consist of 178.1 acres of land, located in Texas, held for future development or sale.

 

Land

Location

 

Acres

 

Mercer Crossing/Travelers Land

Farmers Branch, TX

 

 

178.10

 

 

Total Land/Development

 

 

178.10

 

 

The Company entered into a sales contract with an independent third party, for 100 acres of Travelers land for $17.5 million or $4.02/sf.  The buyer is entitled to an inspection period, which expires August 15, 2013.