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Subsequent Events
3 Months Ended
Mar. 31, 2022
Subsequent Events  
Subsequent Events

Note 15 – Subsequent Events

In April 2022, our joint venture with Pacolet Milliken closed on the sale of The Berkley for a sale price of $71,020,000.  The net proceeds from the sale, after repayment of the property’s mortgage and partner loan and settlement proceeds from the interest rate swap associated with the property’s mortgage, is expected to be used for working capital and/or new investment opportunities for the Company.

Other than as set forth above, there were no other subsequent events requiring adjustment to, or disclosure in, the condensed consolidated financial statements.