---
schema_version: "secwatch.filing_event.v1"
accession: "0001814974-21-000047"
form_type: "8-K"
ticker: "BBXIB"
cik: "0001814974"
company_name: "BBX Capital, Inc."
filed_at: "2021-07-02T23:59:59+00:00"
generated_at: "2026-06-30T07:42:37.711995+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# BBX Capital Real Estate completes sale of 350-unit Altis Grand multifamily community for ~$5.8M distribution

## Summary
- BBXRE received ~$5.8M cash distribution from Altis Grand joint venture upon sale of 350-unit Odessa, FL property.
- Expects to recognize ~$4.9M equity earnings in Q3 2021 from the venture investment.
- Community was 99%+ leased at sale; constructed 2019-2020 by joint venture sponsored by The Altman Companies.
- Sale reflects BBX Capital's strategy to monetize developed assets and return capital to parent company.

## SEC filing metadata
- accession: 0001814974-21-000047
- form_type: 8-K
- ticker: BBXIB
- cik: 0001814974
- company_name: BBX Capital, Inc.
- filed_at: 2021-07-02T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1814974/000181497421000047/0001814974-21-000047-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1814974/000181497421000047/c974-20210702x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001814974-21-000047
- JSON: https://secwatch.observer/filing/0001814974-21-000047.json
- Plain text: https://secwatch.observer/filing/0001814974-21-000047.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.