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LAND HELD FOR INVESTMENT
9 Months Ended
Sep. 30, 2016
LAND HELD FOR INVESTMENT:  
LAND HELD FOR INVESTMENT

NOTE E: LAND HELD FOR INVESTMENT

 

In February 2014 the Company acquired 7.4 acres of undeveloped land in Desoto, Texas for $624,000.The Company believes the highest and best use of this property is for the construction and development of multifamily housing. The Company acquired the property for investment purposes.