Item 8.01 Other Events.
On July 29, 2022, BBX Capital Real Estate LLC ("BBX Capital Real Estate"), a
wholly-owned subsidiary of BBX Capital, Inc. (the "Company"), announced that its
Altis Miramar East/West joint venture had completed the sale of Altis Miramar, a
320-unit multifamily apartment community located in Miramar, Florida, and Altra
Miramar, a 330-unit multifamily apartment community adjacent to Altis Miramar.
In connection with the closing of the transaction, BBX Capital Real Estate
received a net cash distribution of approximately $16.4 million from the joint
venture.
BBX Capital Real Estate's press release issued on August 2, 2022 announcing the
sale of Altis Miramar and Altra Miramar is attached as Exhibit 99.1 to this
Current Report on Form 8-K and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
99.1 Press release dated August 2, 2022
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BBX Capital, Inc. is a diversified holding company. The Company's principal holdings include BBX Capital Real Estate LLC, BBX Sweet Holdings, LLC and Renin Holdings, LLC (Renin). BBX Capital Real Estate LLC is engaged in the acquisition, development, construction, ownership, financing and management of real estate and investments in real estate joint ventures, including investments in multifamily rental apartment communities, single-family master-planned for sale housing communities, warehouse and logistics facilities, and commercial properties located primarily in Florida. BBX Sweet Holdings, LLC is engaged in the ownership and management of operating businesses in the confectionery industry, including ITâSUGAR, a specialty candy retailer. Renin is engaged in the designing, manufacturing and distribution of sliding doors, door systems and hardware, and home decor products. In addition to its own manufacturing activities, Renin also sources various products and raw materials.