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Recent Real Estate Transactions | 12 Months Ended
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Dec. 31, 2018
Real Estate [Abstract] |
Recent Real Estate Transactions | 3. RECENT REAL ESTATE TRANSACTIONS During year ended December 31, 2018 and 2017 we disposed of the following properties:
| • | In December 2018, we sold the following:
| o | Port of San Diego Complex for approximately $24.8 million and recognized a gain of approximately $10.0 million.
| o | Yucca Valley Retail Center for approximately $7.8 million and recognized a gain of approximately $1.4 million.
| o | Pacific Oaks Plaza for approximately $3.9 million and recognized a loss of approximately $232,000.
| • | During the year ended December 31, 2018, we disposed of 33 model homes for approximately $12.6 million and recognized a gain of approximately $988,000.
| • | In April 2017, we sold the Shoreline Medical Building for approximately $8.2 million and recognized a gain of approximately $1.3 million.
| • | In March 2017, we sold the Regatta Square Retail Center for approximately $3.0 million and recognized a gain of approximately $756,000.
| • | In February 2017, we sold the Rangewood Medical Building for approximately $2.2 million and recognized a loss of approximately $170,000.
| • | During the year ended December 31, 2017, we disposed of 23 model homes for approximately $9.8 million and recognized a gain of approximately $735,000.
During the year ended December 31, 2018, the Company acquired 45 Model Home properties and leased them back to the home builders. The purchase price for the properties totaled $17.3 million. The Company allocated the purchase price of the properties acquired during 2018 as follows:
|  |  |  |  |  | Buildings |  |  | Total |
|  | Land |  |  | and Other |  |  | Purchase Price |
Model Home Properties |  | $ | 2,871,611 |  |  | $ | 14,455,304 |  |  | $ | 17,326,915 |
During the year ended December 31, 2018, the Company disposed of real estate assets with a net carrying value of approximately $34.9 million and recorded a gain on sale of approximately $12.2 million.

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- Definition The entire disclosure for certain real estate investment financial statements, real estate investment trust operating support agreements, real estate owned, retail land sales, time share transactions, as well as other real estate related disclosures. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 970 -URI http://asc.fasb.org/topic&trid=2156125 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 978 -URI http://asc.fasb.org/topic&trid=2134977 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 976 -URI http://asc.fasb.org/topic&trid=2134846 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 974 -URI http://asc.fasb.org/topic&trid=2156429 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 972 -URI http://asc.fasb.org/topic&trid=2134617 + Details
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