XML 31 R24.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Subsequent Events
6 Months Ended
Jun. 30, 2024
Subsequent Events [Abstract]  
Subsequent Events

Note 14 – Subsequent Events

In July 2024, the Company redeemed $108,265 in U.S. Treasury securities and purchased $108,264 in new U.S. Treasury securities with maturities through June 2025.

In July 2024, the loan secured by Hamilton Place Aloft Hotel was modified and extended. The modified loan bears a fixed interest rate of 7.2% and matures in June 2029.

In August 2024, the Company was notified by the lender that the loans secured by Coastal Grand Mall and Coastal Grand Crossing were in maturity default. The Company is in discussions with the lender regarding a loan modification/extension.

In August 2024, the Company sold Layton Hills Mall. Proceeds from the sale were used to pay down $35,785 on the secured term loan.

In August 2024, the share repurchase program was extended through December 31, 2024.