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Subsequent Events
12 Months Ended
Jul. 31, 2022
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS

NOTE 19 – SUBSEQUENT EVENTS

 

Sale of the 520 Property

 

On August 22, 2022, Broad Atlantic Associate LLC, a wholly-owned subsidiary of the Company, completed the sale of the 520 Property for a purchase price of $49.4 million. The 520 Property served as the Company’s headquarters and has several other tenants.

 

The 520 Property was encumbered by a mortgage securing a $15 million loan which was paid off in this transaction. After repaying the loan, and paying commissions, taxes, and other related costs, the Company received a net amount of approximately $33 million at closing.