3)	Real Estate Assets Held for Sale, Net

The Company’s real estate assets held for sale as of March 31, 2021, with comparative information as of June 30, 2020, are as follows ($ in thousands):

	March 31, 2021									June 30, 2020

	Number of Assets		Gross Value		Closing and Other Costs			Net Value		Number of Assets		Gross Value		Closing and Other Costs			Net Value

Single-family homes		8	$	161,750	$	(9,705	)	$	152,045		13	$	298,368	$	(17,072	)	$	281,296

Other real estate assets:
Lots		-		-		-			-		2		3,500		(193	)		3,307
Secured loans		4		1,956		(86	)		1,870		4		1,984		(86	)		1,898
Other properties		2		1,107		(55	)		1,052		13		3,018		(182	)		2,836
Subtotal		6		3,063		(141	)		2,922		19		8,502		(461	)		8,041

Total		14	$	164,813	$	(9,846	)	$	154,967		32	$	306,870	$	(17,533	)	$	289,337

The single-family homes, except one, are located in the Los Angeles, California area. One of the single-family homes is listed for sale. All of the other single-family homes are under construction. The loans are secured by properties located primarily in the eastern United States. The other properties are located in the states of Hawaii and New York.

During the three months ended March 31, 2021, the Company did not sell any real estate assets. During the three months ended March 31, 2020, the Company sold two single-family homes, two lots and settled one secured loan for net proceeds of approximately $74,269,000. During the nine months ended March 31, 2021, the Company sold five single-family homes, two lots and eleven other properties for net proceeds of approximately $121,208,000. One of the single-family homes sold during the nine months ended March 31, 2021 was under construction and the buyer assumed the remaining obligations to complete construction of approximately $11,253,000. During the nine months ended March 31, 2020, the Company sold ten single-family homes, eighteen lots, and two other properties and settled three secured loans for net proceeds of approximately $177,974,000.