Residential Properties

6 Months Ended

Jun. 30, 2017

Real Estate [Abstract]

Residential Properties

NOTE 5. RESIDENTIAL PROPERTIES

At June 30, 2017, we owned 88 single-family residential properties which are all located in Southeastern Florida and are carried at a total cost, net of accumulated depreciation, of approximately $14.2 million. At December 31, 2016, we owned 88 properties at a net cost of approximately $14.2 million. The income from these properties is included in our consolidated statements of operations as “Income on rental properties.” The expenses on these properties are included in our consolidated statements of operations in “Other expense” and the details are included in Note 16.