Material Event Form 8 K

Item 8.01 Other Events

In our Quarterly Report on Form 10-Q for the period ended March 31, 2024, we reported that we anticipated completing, in late June 2024, the sale of a vacant retail property located in Kennesaw, Georgia. On June 28, 2024, we completed the sale of this property for a gross sales price of $6.7 million and applied $4.4 million of the sale proceeds to pay off the related mortgage. We estimate that for the quarter ended June 30, 2024, we will realize a gain of approximately $2.1 million from this sale. In 2023, this property generated $111,000 of rental income and $80,000, $173,000 and $240,000 of real estate operating, mortgage interest and depreciation and amortization expense, respectively.