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INVESTMENTS (Tables) | 3 Months Ended
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Dec. 31, 2014
INVESTMENTS |
Summary of investments |
| December 31, |  | September 30,
| 2014 |  | 2014
Investment in land |  | $ | 1,192,000 |  |  |  | $ | 1,192,000 |
Investment in land development partnerships |  | 4,746,000 |  |  |  | 4,658,000 |
Investment in leasehold land interest – Lot 4C |  | 50,000 |  |  |  | 50,000 |
Total investments |  | $ | 5,988,000 |  |  |  | $ | 5,900,000 |
Summarized financial information for the land development partnerships |
|  | Three months ended |  | November 27, 2013 - |
|  | December 31, 2014 |  | December 31, 2013 |
Revenue |  | $ | 4,626,000 |  |  | $ | 269,000 |  |
Gross profit |  | $ | 1,427,000 |  |  | $ | 211,000 |  |
Net earnings (loss) |  | $ | 420,000 |  |  | $ | (381,000 | ) |
Kaupulehu Developments |
INVESTMENTS |
Summary of Increment I percentage of sales payment revenues received |
|  | Three months ended December 31, |
|  | 2014 |  | 2013 |
Sale of interest in leasehold land: |  |  |  |  |  |  |  |  |  |  |
Proceeds |  |  | $ | 1,200,000 |  |  |  | $ | 140,000 |  |
Fees |  |  |  | (168,000 | ) |  |  |  | (20,000 | ) |
Revenues – sale of interest in leasehold land, net |  |  | $ | 1,032,000 |  |  |  | $ | 120,000 |  |

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