Real estate acquired included the following activity for the six months ended June 30, 2018 and 2017 (in thousands, except number of acres):
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Six Months Ended
June 30, 2018 |
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Six Months Ended
June 30, 2017 |
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Acres |
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Book Value |
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Acres |
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Book Value |
Balance at January 1, |
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10,064.78 |
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$ |
1,115 |
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|
10,064.78 |
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$ |
1,115 |
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Acquisitions |
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2,883.68 |
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2,663 |
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— |
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— |
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Sales |
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— |
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— |
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— |
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— |
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Balance at June 30, |
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12,948.46 |
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$ |
3,778 |
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|
10,064.78 |
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$ |
1,115 |
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During the six months ended June 30, 2018 and 2017, we completed the following sales of land parcels (in thousands, except number of acres):
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Date of sale |
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Location |
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Approximate number of acres sold |
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Contract sale price |
For the six months ended June 30, 2018 |
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February 2018 |
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Loving County |
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40.0 |
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$ |
1,150 |
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March 2018 |
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Culberson County |
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80.0 |
|
1,600 |
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Total |
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|
120.0 |
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$ |
2,750 |
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For the six months ended June 30, 2017 |
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May 2017 |
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Loving County |
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11.02 |
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$ |
220 |
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Total |
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11.02 |
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$ |
220 |
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