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Note 3 - Recent Real Estate Transactions
3 Months Ended
Mar. 31, 2023
Notes to Financial Statements  
Real Estate Disclosure [Text Block]

3. RECENT REAL ESTATE TRANSACTIONS

 

Acquisitions during the three months ended March 31, 2023

 

 

The Company acquired nine model homes for approximately $5.0 million. The purchase price was paid through cash payments of approximately $1.5 million and mortgage notes of approximately $3.5 million.

 

Acquisitions during the three months ended March 31, 2022

 

 

The Company acquired four model homes for approximately $2.4 million.  These acquisitions were paid for with approximately $0.7 million in cash payments and approximately $1.7 million in mortgage loans.  There were no other commercial properties acquired during this period.

 

Dispositions during the three months ended March 31, 2023:

 

 

The Company sold three model homes for approximately $1.6 million and recognized a gain of approximately $0.4 million.

 

Dispositions during the three months ended March 31, 2022:

 

 

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

 

 

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