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Note 3 - Recent Real Estate Transactions
6 Months Ended
Jun. 30, 2023
Notes to Financial Statements  
Real Estate Disclosure [Text Block]

3. RECENT REAL ESTATE TRANSACTIONS

 

Acquisitions during the six months ended June 30, 2023

 

 

The Company acquired 23 model homes for approximately $12.9 million. The purchase price was paid through cash payments of approximately $3.9 million and mortgage notes of approximately $9.0 million.

 

Acquisitions during the six months ended June 30, 2022

 

 

The Company acquired eight model homes for approximately $4.6 million.  These acquisitions were paid for with approximately $1.4 million in cash payments and approximately $3.2 million in mortgage loans.

 

Dispositions during the six months ended June 30, 2023:

 

 

The Company sold 10 model homes for approximately $5.0 million and recognized a gain of approximately $1.5 million.

 

Dispositions during the six months ended June 30, 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 18 model homes for approximately $10.0 million and recognized a gain of approximately $3.0 million.