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3. RECENT REAL ESTATE TRANSACTIONS
Acquisitions during the six months ended June 30, 2026:
| | • | The Company acquired no model homes or commercial properties. |
Acquisitions during the six months ended June 30, 2025:
| | • | The Company acquired 22 model homes for approximately $9.4 million. The purchase price was paid through cash payments of approximately $2.8 million and mortgage notes of approximately $6.6 million. |
Dispositions during the six months ended June 30, 2026:
| | • | On January 14, 2026, the Company sold one commercial property, Dakota Center, to a single buyer for approximately $4.7 million, net of selling costs, and recognized a net gain on the disposition of the assets and liabilities of approximately $3.4 million. |
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| | • | The Company sold nine model homes for approximately $4.0 million net of sales costs, and recognized a gain of approximately $0.2 million. |
Dispositions during the six months ended June 30, 2025:
| | • | The Company sold 13 model homes for approximately $5.9 million, net of sales costs, and recognized a gain of approximately $0.6 million. |
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| | • | On February 6, 2025 the Company sold two commercial properties, Union Town Center and Research Parkway, to a single buyer for approximately $15.9 million, net of selling costs, and recognized a net gain of approximately $4.5 million net of closing costs. |
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