other material
confidence high
sentiment neutral
materiality 0.35
AEI Income & Growth Fund XXII sells 28% interest in Clermont, FL property for ~$762K net proceeds, net gain of ~$205K
AEI INCOME & GROWTH FUND XXII LTD PARTNERSHIP
- Sold 28% interest in property at 1600 South Grand Highway, Clermont, FL to Kinetic Real Estate LLC.
- Net cash proceeds of approx. $762,000; resulted in net gain of approx. $205,000.
- Pro forma adjustment shows net income would have increased by $37,349 for FY2021 and $9,838 for Q1 2022 if sale occurred Jan 1, 2021.
- Partnership retains no interest in the property post-sale.