Well, the JLL proposal sure was a surprise, but look on the bright side ... as sales start to materialize, there will be a real value based on OUR (borrowed) land. So subsequent financial statements would recognize the increase in asset values. Which means book value would rise and, presumably, market value. Either way, a nice number. So here's the latest calculation:

$718,614,000 x 60% = $431,168,400

Divide by 17,386,111 common shares outstanding to get INCREASED book value of $24.80/share.

Clark, wherever you are, I hope you're smiling now! You did good, my friend, you did good.