Company: INTG
Filing Date: 2025-09-30
Form Type: 10-K
Source: 0001493152-25-016154
Chunk: 31

Company: INTERGROUP CORP
Filing Date: 2025-09-30
Form: 10-K
Item: Item 1
Chunk 31
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2025 with a fixed interest rate of 3.59% per annum and the maturity date of the mortgage
is June 23, 2026. In February 2025 the Company entered into a listing agreement to sell this property and began active marketing in April
2025. The property met the criteria to be classified as held for sale as of June 30, 2025.

The
second Los Angeles apartment complex is a 12,700 square foot apartment with 14 units. The Company acquired the property on October 20,
1999 at an initial cost of approximately $2,150,000. For the year ended June 30, 2025, real estate property taxes were approximately
$41,000. Depreciation is recorded on the straight-line method, based upon an estimated useful life of 40 years. The outstanding mortgage
balance was approximately $2,522,000 at June 30, 2025 with a fixed interest rate of 3.05% per annum and the maturity date of the mortgage
is February 1, 2031.

17

The
third Los Angeles apartment complex is a 10,500 square foot apartment with 9 units. The Company acquired the property on November 10,
1999 at an initial cost of approximately $1,675,000. For the year ended June 30, 2025, real estate property taxes were approximately
$32,000. Depreciation is recorded on the straight-line method, based upon an estimated useful life of 40 years. The outstanding mortgage
balance was approximately $1,803,000 as of June 30, 2025 with a fixed interest rate of 3.05% per annum and the maturity date is December
1, 2030.

The
fourth Los Angeles apartment complex is a 26,100 square foot two-story apartment with 31 units. The Company acquired the property on
May 26, 2000 at an initial cost of approximately $7,500,000. For the year ended June 30, 2025, real estate property taxes were approximately
$131,000. Depreciation is recorded on the straight-line method, based upon an estimated useful life of 40 years. The outstanding mortgage
balance was approximately $7,907,000 at June 30, 2025 with a fixed interest rate of 2.52% per annum and the maturity date is November
1, 2030.

The
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