Company: INTG
Filing Date: 2025-09-30
Form Type: 10-K
Source: 0001493152-25-016154
Chunk: 486

Company: INTERGROUP CORP
Filing Date: 2025-09-30
Form: 10-K
Item: Item 8
Chunk 486
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 $3,494,000 for the years ended June 30, 2025 and 2024, respectively.

NOTE
5 - INVESTMENT IN REAL ESTATE, NET

At
June 30, 2025, the Company’s investment in real estate consisted of twenty properties located throughout the United States. These
properties include sixteen apartment complexes, three single-family houses and one commercial real estate property. The Company also
owns unimproved land located in Maui, Hawaii. Properties are held for use; one is classified as held for sale. See Note 10 for mortgage
information and Note 1 for depreciation policies and impairment considerations.

    48

Investment
in real estate included the following:

SCHEDULE OF INVESTMENT IN REAL ESTATE 

    As of June 30, 
    2025  
    2024 
  
    Land 
    $22,293,000  
    $22,998,000 
  
    Buildings, improvements and equipment 
     76,176,000  
     75,460,000 
  
    Accumulated depreciation 
     (55,146,000) 
     (52,846,000)
  
    Investment in real estate, gross 
     43,323,000  
     45,612,000 
  
    Land held for development (a) 
     1,930,000  
     1,930,000 
  
    Investment in real estate, net 
    $45,253,000  
    $47,542,000 

(a)Represents approximately
the two-acre parcel in Kihei, Maui, Hawaii (carried at cost, including capitalized amounts).

In
April 2025, the Company determined that one multifamily property located in Los Angeles met the criteria for classification as held for
sale, as described in Note 18 — Assets Held for Sale. Accordingly, the property is reported separately as Assets held for sale
in the consolidated balance sheet as of June 30, 2025. The amounts presented in Note 5 — Investment in Real Estate, net exclude
this property as of June 30, 2025.

The
following table reconciles investment in real estate, net from June 30, 2024 to June 30, 2025.

SCHEDULE
OF RECONCILES INVESTMENT IN REAL ESTATE 

    For the year ended June 30, 2025