On February 20, 2023, the registrant, through a wholly-owned subsidiary (collectively with the registrant, the “Company”), cancelled an agreement to sell its real property asset located in Los Angeles, California.
The agreement, previously reported, was for the sale to a private entity of the last single-family home remaining in the Company’s asset portfolio. The Company cancelled the agreement following the prospective purchaser’s refusal to proceed to a closing. Neither the Company nor any of its affiliates has any material relationship with the prospective purchaser other than in respect of the transaction.
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