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Note 3 - Recent Real Estate Transactions
6 Months Ended
Jun. 30, 2024
Notes to Financial Statements  
Real Estate Disclosure [Text Block]

3. RECENT REAL ESTATE TRANSACTIONS

 

Acquisitions during the six months ended June 30, 2024

 

 

The Company acquired 12 model homes for approximately $5.7 million. The purchase price was paid through cash payments of approximately $1.7 million and mortgage notes of approximately $4.0 million.

 

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.

 

Dispositions during the six months ended June 30, 2024:

 

 

The Company sold 42 model homes for approximately $20.1 million and recognized a gain of approximately $2.8 million.

 

Dispositions during the six months ended June 30, 2023: 

 

 

The Company sold 10 model homes for approximately $4.6 million and recognized a gain of approximately $1.5 million.