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Disposition of Property
12 Months Ended
Dec. 31, 2019
Discontinued Operations And Disposal Groups [Abstract]  
Disposition of Property

NOTE 6 – DISPOSITION OF PROPERTY

 

The following table presents details of the Company’s disposition activity during the year ended December 31, 2019 (in thousands):

 

Multifamily Community

 

Location

 

Sale Date

 

Contract Sales Price

 

 

Net Gain on Disposition

 

 

Revenue Attributable to Property Sold

 

 

Net Loss to Property Sold (1)

 

Overton Trails

 

Fort Worth, Texas

 

February 28, 2019

 

$

64,000

 

 

$

20,619

 

 

$

1,143

 

 

$

(249

)

 

(1) Excludes net gain on disposition