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Note 13 - Subsequent Events
9 Months Ended
Sep. 30, 2021
Notes to Financial Statements  
Subsequent Events [Text Block]

13. SUBSEQUENT EVENTS

 

On October 15, 2021, the Company announced the continued monthly dividend on its Preferred Stock Series D in the amount of $0.19531 per share on November 15, 2021, to stockholders of record as of the dividend record date of October 31, 2021.

 

On October 28, 2021 the Company acquired three model home properties in Houston, TX, for approximately $1.5 million.  The purchase price was paid through cash payments of approximately $0.5 million and mortgage notes of approximately $1.0 million.

 

During October 2021, the Company entered into a purchase and sales agreement to acquire a property in Baltimore, MD for approximately $8.7 million, with an estimated closing date in late November 2021.