XML 20 R9.htm IDEA: XBRL DOCUMENT v3.20.2
RECENT REAL ESTATE TRANSACTIONS
6 Months Ended
Jun. 30, 2020
Real Estate [Abstract]  
RECENT REAL ESTATE TRANSACTIONS RECENT REAL ESTATE TRANSACTIONS
During the six months ended June 30, 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 six months ended June 30, 2020, the Company disposed of 21 model homes for approximately $8.0 million and recognized a gain of approximately $557,000.
During the six months ended June 30, 2020, the Company acquired 17 model homes for approximately $6.3 million. The purchase price was paid through cash payments of approximately $1.9 million and mortgage notes of approximately $4.4 million.
During the six months ended June 30, 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.
Nightingale land was sold on May 8, 2019 for approximately $875,000 and recognized a loss of approximately $93,000.
During the six months ended June 30, 2019, the Company disposed of 26 model homes for approximately $9.4 million and recognized a gain of approximately $783,000.
During the six months ended June 30, 2019, the Company acquired 18 model homes for approximately $6.1 million. The purchase price was paid through cash payments of approximately $1.8 million and mortgage notes of approximately $4.3 million.