As of March 31, 2022, all of the single-family homes are located in the Los Angeles, California area and two of the single-family homes are under construction. The Company is also completing the construction of one single-family home that was sold in December 2021 and located in New York City and one that was sold in May 2021 and located in Los Angeles, California. The other properties are located in the state of Hawaii and the state of New York.
Another 10Q SEC filing just dropped on to the Trustee site (link below). The above is from page 8. I have been in contact, this week with some LA realtor connections trying to find the addresses of the LA properties – no luck quite yet. Comment here if one of you knows more specifics on the properties yet to sell (or list).
$96 million of (estimated value) real estate left to sell if I’m reading this correctly (this figure also includes some cash that the Trust holds). There are a lot of other notes starting on page 18 – but understand they summarize stuff that long ago happened and generally isn’t news to any of us.
The Trust entered into a resolution agreement with the DOJ which provided that the Trust would receive the assets forfeited by Robert and Jeri Shapiro (the “Forfeited Assets”). In March 2021, the Trust received certain Forfeited Assets from the DOJ, including cash, wine, jewelry, handbags, clothing, shoes, art, gold and other assets. The wine and the gold were sold during the nine months ended March 31, 2022
I liked reading the note above on selling Shapiro’s wine off!