XML 20 R9.htm IDEA: XBRL DOCUMENT v3.21.1
REAL ESTATE
12 Months Ended
Dec. 31, 2020
Real Estate [Abstract]  
REAL ESTATE

NOTE 2.      REAL ESTATE

  

In 2018, the criteria for full accrual accounting was met, and approximately $22.5 million of sales proceeds were recognized under the contract. Sales to unrelated third parties, by the Developer, of real estate carried at cost of $15.1 million, resulted in a gain on sale of $7.3 million to the Company. The unsold balance of land, subject to the original sales contract, was deeded to TCI on August 22, 2018 by the buyer. In connection with the transfer of legal title to TCI by the buyer, the Company transferred its remaining real estate to TCI for its book value of $7.5 million. As of December 31, 2018, the Company had no real estate holdings.