Quarterly report pursuant to Section 13 or 15(d)

Note 6 - Real Estate

v3.23.1
Note 6 - Real Estate
3 Months Ended
Mar. 31, 2023
Notes to Financial Statements  
Real Estate Disclosure [Text Block]

6. Real Estate

 

The Company’s real estate consisted of the following (in thousands):

 

   

March 31,

   

December 31,

 
   

2023

   

2022

 

Real estate held-for-sale

  $ 3,612       4,443  

Real estate held-for-investment

    1,787       6,723  

Real estate inventory

    3,586       1,179  

Rental properties under development

    28,809        

Predevelopment costs

    6,676        

Total real estate

  $ 44,470       12,345  

 

Rental property represents $16.2 million of land and $12.6 million of construction in progress associated with the Altra Kendall joint venture. The Altra Kendall joint venture is a consolidated variable interest entity as further described in Note 7.