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RECENT REAL ESTATE TRANSACTIONS
3 Months Ended
Mar. 31, 2020
Real Estate [Abstract]  
RECENT REAL ESTATE TRANSACTIONS RECENT REAL ESTATE TRANSACTIONS
During the three months ended March 31, 2020, the Company disposed of the following properties:
Centennial Tech Center, which was sold on February 5, 2020 for approximately $15.0 million and the Company recognized a loss of approximately $913,000.
Union Terrace, which was sold on March 13, 2020 for approximately $11.3 million and the Company recognized a gain of approximately $688,000.
During the three months ended March 31, 2020, the Company acquired 10 model homes for approximately $3.6 million. The purchase price was paid through cash payments of approximately $1.1 million and mortgage notes of approximately $2.5 million.
During the three months ended March 31, 2020, the Company disposed of 8 model homes for approximately $2.8 million and recognized a gain of approximately $215,000.
During the three months ended March 31, 2019, the Company disposed of the following property:
Morena Office Center, which was sold on January 15, 2019 for approximately $5.6 million and the Company recognized a gain of approximately $700,000.
During the three months ended March 31, 2019, the Company disposed of 15 model homes for approximately $5.8 million and recognized a gain of approximately $514,000.