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Note 3 - Recent Real Estate Transactions
3 Months Ended
Mar. 31, 2024
Notes to Financial Statements  
Real Estate Disclosure [Text Block]

3. RECENT REAL ESTATE TRANSACTIONS

 

Acquisitions during the three months ended March 31, 2024

 

 

The Company acquired five model homes for approximately $2.2 million. The purchase price was paid through cash payments of approximately $0.6 million and mortgage notes of approximately $1.6 million.

 

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.

 

Dispositions during the three months ended March 31, 2024:

 

 

The Company sold 27 model homes for approximately $12.6 million and recognized a gain of approximately $2.0 million.

 

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.