Company: INTG
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010724
Chunk: 67

Company: INTERGROUP CORP
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 8
Chunk 67
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ivable, other assets, accounts payable and other liabilities and obligations
for securities sold) or the nature and terms of the obligation (i.e., other notes payable and mortgage notes payable).

The
assets and liabilities measured at fair value on a recurring basis are as follows:

SCHEDULE OF FAIR VALUE MEASUREMENT ON RECURRING BASIS 

    As
    of 
    March
    31, 2025  
    June
    30, 2024 

    Total
    - Level 1  
    Total
    - Level 1 
  
    Assets: 

    Investment
    in marketable securities: 

    REITs
    and real estate companies 
    $749,000  
    $3,358,000 
  
    Technology 
     2,000  
     21,000 
  
    T-Notes 
     -  
     933,000 
  
    Financial
    services 
     -  
     269,000 
  
    Basic
    material 
     -  
     75,000 
  
    Healthcare 
     -  
     179,000 
  
    Communication
    services 
     -  
     1,994,000 
  
    Industrial 
     -  
     159,000 
  
    Energy 
     -  
     303,000 
  
    Utilities 
     -  
     163,000 
  
    Total 
    $751,000  
    $7,454,000 

    -14-

The
fair values of investments in marketable securities are determined by the most recently traded price of each security at the balance
sheet date.

On March 31, 2025, Portsmouth,
through its affiliate Justice Operating Company, LLC, entered into an interest rate cap agreement (the “Interest Rate Cap”)
with Goldman Sachs Bank USA. The agreement was executed in connection with a variable-rate mortgage loan and is intended to economically
limit the Company’s exposure to increases in Term SOFR. The Interest Rate Cap caps Term SOFR at 4.50% and has a notional amount
equal to or greater than the outstanding principal balance of the loan. The Company paid a premium of approximately $136,000 for the cap
at inception. Changes in the fair value of the Interest Rate Cap are recorded in Other Income (Expense) within the consolidated statement
of operations