XML 18 R9.htm IDEA: XBRL DOCUMENT v3.23.3
Note 3 - Recent Real Estate Transactions
9 Months Ended
Sep. 30, 2023
Notes to Financial Statements  
Real Estate Disclosure [Text Block]

3. RECENT REAL ESTATE TRANSACTIONS

 

Acquisitions during the nine months ended September 30, 2023

 

 

The Company acquired 25 model homes for approximately $13.7 million. The purchase price was paid through cash payments of approximately $4.2 million and mortgage notes of approximately $9.5 million.

 

Acquisitions during the nine months ended September 30, 2022

 

 

The Company acquired 15 model homes for approximately $8.1 million.  These acquisitions were paid for with approximately $2.5 million in cash payments and approximately $5.6 million in mortgage loans.

 

Dispositions during the nine months ended September 30, 2023:

 

 

The Company sold 15 model homes for approximately $7.8 million and recognized a gain of approximately $2.3 million.

 

Dispositions during the nine months ended September 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 25 model homes for approximately $13.5 million and recognized a gain of approximately $4.3 million.