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Note 3 - Recent Real Estate Transactions
 3 Months Ended
Mar. 31, 2022
Notes to Financial Statements  
Real Estate Disclosure [Text Block]

3. RECENT REAL ESTATE TRANSACTIONS

 

Acquisitions during the three months ended March 31, 2022: 

 

 

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The Company acquired four model homes for approximately $2.4 million. The purchase price was paid through cash payments of approximately $0.7 million and mortgage notes of approximately $1.7 million.

 

Acquisitions during the three months ended March 31, 2021: 

 

 

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The Company did not acquire any commercial properties or model homes.

 

Dispositions during the three months ended March 31, 2022:

 

 

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World Plaza, which was sold on March 11, 2022, for approximately $10.0 million and the Company recognized a loss of approximately $0.3 million.

 

 

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The Company disposed of 11 model homes for approximately $5.6 million and recognized a gain of approximately $1.8 million.

 

Dispositions during the three months ended March 31, 2021:

 

 

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Waterman Plaza, which was sold on January 28, 2021, for approximately $3.5 million and the Company recognized a loss of approximately $0.2 million.

 

 

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Garden Gateway, which was sold on February 19, 2021, for approximately $11.2 million and the Company recognized a loss of approximately $1.4 million.

 

 

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The Company disposed of 12 model homes for approximately $4.9 million and recognized a gain of approximately $0.4 million.