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Wednesday, April 19, 2023 1:57:00 PM
On March 30, 2023, the registrant, through a wholly-owned subsidiary (collectively with the registrant, the “Company”), completed the sale of its real property asset located at 638 Siena Road in Los Angeles, California, to a private entity for a cash purchase price of $26,000,000. The sale took place pursuant to a purchase and sale agreement entered into on March 23, 2023.
The property was the last single-family home in the Company’s asset portfolio, and the Company believes that the completion of this transaction represents a substantial step in the progress of the Company’s asset liquidation activities.
Neither the Company nor any of its affiliates, and neither any director or officer of the Company nor to the knowledge of the registrant any associate of any such director or officer, has any material relationship with the purchasers, other than in respect of the transaction.
https://www.sec.gov/ix?doc=/Archives/edgar/data/1785494/000114036123015665/brhc10050790_8k.htm
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