Legacy Housing Corp
For the period ended Dec 31, 2023. Filed Mar 15, 2024.
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FY2023 · Filed Mar 15, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 2. Properties
Facilities
The following table sets forth certain information with respect to the facilities where our company operates:
| | | | | | | |
|---|---|---|---|---|---|---|
| · Date of · · | ||||||
| | | Commencement | | Owned / | | Square |
| Location | | of Operations | | Leased | | Feet |
| Manufacturing/Warehouse Facilities | ||||||
| Fort Worth, TX | 2005 | Owned | 96,880 | |||
| Commerce, TX | 2007 | Owned | 129,600 | |||
| Eatonton, GA | 2016 | Owned | 388,000 | |||
| Retail Locations | ||||||
| Acworth, GA | | 2019 | | Leased | | 2,369 |
| Albany, GA | 2018 | Leased | 1,536 | |||
| Asheboro, NC | 2017 | Leased | 1,472 | |||
| Athens, GA | 2016 | Leased | 2,016 | |||
| Augusta, GA | 2018 | Leased | 3,136 | |||
| Canton, TX | 2018 | Leased | 2,362 | |||
| Jennings, LA | 2017 | Owned | 2,432 | |||
| Minden, LA | 2017 | Leased | 2,369 | |||
| Mt. Pleasant, TX | 2016 | Leased | 1,792 | |||
| Sapulpa, OK | | 2020 | | Leased | | 1,960 |
| Greenville, TX | 2016 | Owned | 1,256 | |||
| Gainesville, TX | 2017 | Owned | 2,240 | |||
| Oklahoma City, OK | 2016 | Owned | 2,100 | |||
| Corporate/Regional Headquarters | ||||||
| Bedford, TX | 2018 | Leased | 8,020 | |||
| Norcross, GA | 2018 | Leased | 3,358 | |||
We own the manufacturing facilities and the land on which the facilities are located in Fort Worth, Texas and Commerce, Texas and Eatonton, Georgia. We believe that these facilities are adequately maintained and suitable for the purposes for which they are used.
We currently operate 13 retail locations. Each retail location sits on approximately five to seven acres of land. We lease 9 of the 13 retail locations we operate in the business, pursuant to leases expiring from 2024 to 2028. Total rent expense for the years ended December 31, 2023 and 2022 was $645,000 and $713,000, respectively.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.