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NOTE RECEIVABLE
3 Months Ended
Mar. 31, 2025
Receivables [Abstract]  
NOTE RECEIVABLE

6. NOTE RECEIVABLE

 

The Company has a Note Receivable from American Realty Investors, Inc. (a related party) in the amount of $3,542,000 at March 31, 2025. The note bears interest at the Secured Overnight Financing Rate (“SOFR”) at the end of each calendar quarter (4.32%) at March 31, 2025) and is due at September 30, 2027.