InterGroup Sells Los Angeles Apartment Property for $4.85 Million

Reuters

Jan 07

InterGroup Sells Los Angeles Apartment Property for $4.85 Million

The InterGroup Corporation has announced the sale of a non-core 12-unit apartment complex in Los Angeles County for approximately $4.85 million. The transaction generated net cash proceeds of about $2.58 million after debt repayment and closing costs, and is expected to result in a GAAP net gain of roughly $3.51 million. Management stated the sale enhances liquidity and highlights the difference between historical-cost accounting and realizable property values.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. The Intergroup Corporation published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9621092-en) on January 06, 2026, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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The transaction generated net cash proceeds of about $2.58 million after debt repayment and closing costs, and is expected to result in a GAAP net gain of roughly $3.51 million. Management stated the sale enhances liquidity and highlights the difference between historical-cost accounting and realizable property values.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n<i>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. <a href=\"https://laohu8.com/S/INTG\">The Intergroup Corporation</a> published the original content used to generate this news brief via GlobeNewswire (Ref. 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ID: GNW9621092-en) on January 06, 2026, and is solely responsible for the information contained therein.</span></i>\n</p>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4233","symbol_name":"房地产运营公司","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20260106:nNDL16SPSs:1","article_id":"2601846848","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2601846848","pubTimestamp":1767738431,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"The InterGroup Corporation has announced the sale of a non-core 12-unit apartment complex in Los Angeles County for approximately $4.85 million. 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The transaction generated net cash proceeds of about $2.58 million after debt repayment and closing costs, and is expected to result in a GAAP net gain of roughly $3.51 million. Management stated the sale enhances liquidity and highlights the difference between historical-cost accounting and realizable property values.\n      \n\n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. The Intergroup Corporation published the original content used to generate this news brief via GlobeNewswire (Ref. 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