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Recent Real Estate Transactions
3 Months Ended
Mar. 31, 2017
Real Estate [Abstract]  
Recent Real Estate Transactions

3. RECENT REAL ESTATE TRANSACTIONS

On February 27, 2017, the Company sold the Rangewood Medical Building for approximately $2.2 million and recognized a loss of approximately $170,000.

On March 31, 2017, the Company sold the Regatta Square Retail Center for approximately $3.0 million and recognized a gain of approximately $756,000.

During the three months ended March 31, 2017, the Company disposed of two Model Homes for approximately $815,000 and recognized a loss of approximately $45,000 related to the sale of these Model Homes.