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SUPPLEMENTAL CASH FLOW INFORMATION
12 Months Ended
Dec. 31, 2022
Supplemental Cash Flow Elements [Abstract]  
SUPPLEMENTAL CASH FLOW INFORMATION

NOTE 16 – SUPPLEMENTAL CASH FLOW INFORMATION

 

Cash paid for interest during the years ended December 31, 2022, 2021 and 2020 was $27.0 million, $19.7 million and $18.3 million, respectively. Interest cost capitalized to land development during the years ended December 31, 2022, 2021 and 2020 was $2.7 million, $1.5 million and $1.3 million, respectively.

 

During the year ended December 31, 2020, the Company assumed mortgages totaling $2.7 million, for the acquisition of a community.

 

During the years ended December 31, 2022, 2021 and 2020, land development costs of $26.3 million, $25.9 million and $14.4 million, respectively were transferred to investment property and equipment and placed in service.

 

During the years ended December 31, 2022, 2021 and 2020, the Company had dividend reinvestments of $2.8 million, $3.5 million and $3.2 million, respectively which required no cash transfers.