other material
confidence high
sentiment positive
materiality 0.60
BBX Capital subsidiary sells Bayview JV interest, expects $7.5M gain
BBX Capital, Inc.
- BBXRE sold its equity interest in Bayview joint venture on June 30, 2022 for net cash proceeds of ~$8.8M.
- Expected net gain of ~$7.5M in Q2 2022 from the sale.
- Company also obtained release from lender on its 50% guaranty of the $5.0M mortgage loan.