The Intergroup Corporation Announces The Sale Of A Non-Core 12-Unit Apartment Complex In Los Angeles County For A Gross Sales Price Of ~$4.850M

The InterGroup Corporation (NASDAQ:INTG) (the "Company" or "InterGroup") announced today that on December 29, 2025, it completed the sale of a non-core 12-unit apartment complex in Los Angeles County for a gross sales price of approximately $4,850,000.

InterGroup expects to report a GAAP net gain on sale of approximately $3,509,000, which will be reflected in the Company's Form 10‑Q for the quarter ended December 31, 2025. The transaction is expected to result in federal and state income tax liability, the amount of which will be determined based on the Company's final tax position and applicable tax rules.

Transaction highlights

• Gross sales price: approximately $4,850,000
• Debt repaid at closing: approximately $1,859,000
• Net cash proceeds: approximately $2,577,000 (after repayment of debt and customary closing adjustments and transaction costs)
• Estimated GAAP net gain on sale: approximately $3,509,000
  
  
  
   

Additional clarification: Net cash proceeds reflect debt repayment and customary settlement items at closing, while the GAAP gain is calculated based on the net consideration received less the property's carrying value and applicable costs to sell, in accordance with U.S. GAAP.