InterGroup sells non-core 12-unit LA apartment for $4.85M; expects ~$3.5M GAAP gain

INTERGROUP CORP

Gross sales price ~$4.85M, debt repaid ~$1.86M, net cash proceeds ~$2.58M after closing adjustments.
Estimated GAAP net gain of ~$3.51M to be reflected in Q2 FY2026 (quarter ended Dec 31, 2025) Form 10-Q.
Proceeds used to repay debt and provide additional working capital; management highlights liquidity enhancement.
Management notes transaction reinforces view that GAAP historical cost may understate realizable values of real estate holdings.

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