Quarterly report pursuant to Section 13 or 15(d)

Note 6 - Real Estate

v3.23.3
Note 6 - Real Estate
9 Months Ended
Sep. 30, 2023
Notes to Financial Statements  
Real Estate Disclosure [Text Block]

6. Real Estate

 

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

 

   

September 30,

   

December 31,

 
   

2023

   

2022

 

Real estate held-for-sale

  $ 3,874       4,443  

Real estate held-for-investment

    1,788       6,723  

Real estate inventory

    5,825       1,179  

Rental properties under development

    53,605        

Predevelopment costs

    5,009        

Total real estate

  $ 70,101       12,345  

 

Rental properties under development is comprised of $16.2 million of land and $37.4 million of construction in progress associated with the Altra Kendall joint venture. The Altra Kendall joint venture is a consolidated VIE as further described in Note 7.