Real Estate Activity |
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| Real Estate [Abstract] | Ìý | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Real Estate Activity |
Real Estate Activity
Land Sales
No value has been assigned to the land held by the Trust other than parcels which have been acquired through foreclosure and a limited number of parcels which have been acquired because they were offered for sale and were contiguous to parcels already owned by the Trust. Consequently, no allowance for depletion is computed, and no charge to income is made, with respect thereto, and no cost is deducted from the proceeds of the land sales in computing gain or loss thereon.
During the three months ended MarchÌý31, 2018, we completed the following sales of land parcels (in thousands, except number of acres):
There were no land sales during the three months ended MarchÌý31, 2017.
Real Estate Acquired
Real estate acquired included the following activity for the three months ended MarchÌý31, 2018 and 2017 (in thousands, except number of acres):
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