Item 2. Properties
Item
2. Properties
The
tables below set forth the location of the Company’s office facilities and certain other information relating to these properties.
Street
City
State
Function
Owned
/ Leased
Approximate Square Footage
Lease
Amount
Expiration
433
Ascension Way, Floors 4, 5 and 6
Salt
Lake City
UT
Corporate
Headquarters, Insurance Operations, Cemetery and Mortuary Operations, Mortgage Operations and Sales
Owned
221,000
N/A
N/A
1044
River Oaks Dr. (1)
Flowood
MS
Insurance
Operations
Owned
5,522
N/A
N/A
1818
Marshall St.
Shreveport
LA
Insurance
Operations
Owned
12,274
N/A
N/A
812
Sheppard St.
Minden
LA
Insurance
Sales
Owned
1,560
N/A
N/A
909
Foisy Ave. (2)
Alexandria
LA
Insurance
Sales
Owned
8,059
N/A
N/A
1550
N. Third St. (1)
Jena
LA
Insurance
Sales
Owned
1,737
N/A
N/A
1
Sanctuary Blvd. Suite 302A
Mandeville
LA
Insurance
Sales
Leased
1,335
$
2,400
/
mo
6/30/2024
79
E. Main Street
Midway
UT
Funeral
Service Sales
Leased
4,476
$
6,233
/
mo
10/31/2025
4387
S. 500 W.
Salt
Lake City
UT
Funeral
Service Sales
Leased
2,168
$
1,895
/
mo
7/31/2025
1627A
Central Ave.
Los
Alamos
NM
Funeral
Service Sales
Leased
1,400
$
1,600
/
mo
12/30/2024
200
Market Way
Rainbow
City
AL
Fast
Funding Operations
Leased
12,850
$
10,490
/
mo
1/31/2025
5100
N. 99th Ave., Suite 101/103
Phoenix
AZ
Mortgage
Sales
Sub-Leased
3,940
$
3,369
/
mo
month
to month
10609
N. Hayden Rd., Suite 100
Scottsdale
AZ
Mortgage
Sales
Leased
3,585
$
8,650
/
mo
month
to month
1490
S. Price Road, Suite 318
Chandler
AZ
Mortgage
Sales
Leased
1,600
$
3,050
/
mo
6/30/2024
5100
N. 99th Ave., Suite 111
Phoenix
AZ
Mortgage
Sales
Sub-Leased
720
$
2,382
/
mo
month
to month
1951
West Camelback Rd, Ste 200
Phoenix
AZ
Mortgage
Sales
Leased
2,446
$
3,771
/
mo
month
to month
2636
Hwy 95 Suite 2
Bullhead
City
AZ
Mortgage
Sales
Leased
1,000
$
1,225
/
mo
month
to month
2220
S. Country Club Drive Suite 101
Mesa
AZ
Mortgage
Sales
Leased
3,274
$
5,339
/
mo
2/14/2028
350
West 16th Street #209
Yum
AZ
Mortgage
Sales
Leased
1,731
$
4,284
/
mo
6/30/2024
102
North Cortez St.
Prescott
AZ
Mortgage
Sales
Leased
100
$
600
/
mo
month
to month
15169
North Scottsdale Road, #205 - office 3012 & 3013
Scottsdale
AZ
Mortgage
Sales
Leased
Unknown
$
3,400
/
mo
month
to month
10265
W. Camelback Road, #100
Phoenix
AZ
Mortgage
Sales
Leased
1,647
$
3,817
/
mo
2/27/2024
40977
Oak Dr.
Forest
Falls
CA
Mortgage
Sales
Leased
250
$
-
/
mo
month
to month
2934
E. Garvey Ave. South, Suite 250
West
Covina
CA
Mortgage
Sales
Leased
500
$
1,100
/
mo
month
to month
7398
Fox Trail Unit B
Yucca
Valley
CA
Mortgage
Sales
Leased
900
$
550
/
mo
month
to month
155
S. Highway 101 Suite 7
Solana
Beach
CA
Mortgage
Sales
Leased
2,000
$
7,426
/
mo
7/31/2026
44441
West 16th Street #101
Lancaster
CA
Mortgage
Sales
Leased
2,115
$
2,057
/
mo
1/31/2024
1420
Magnolia Ave
Oxnard
CA
Mortgage
Sales
Leased
100
$
6,392
/
mo
3/30/2024
625
The City Drive, Suite 450
Orange
CA
Mortgage
Sales
Leased
2,485
$
6,655
/
mo
12/31/2024
27
Main St., Suite C-104B
Edwards
CO
Mortgage
Sales
Leased
680
$
1,950
/
mo
month
to month
4501
Mohawk Dr.
Larkspur
CO
Mortgage
Sales
Leased
250
$
50
/
mo
month
to month
7800
E. Union Ave., Suite 550
Denver
CO
Mortgage
Sales
Sub-Leased
4,656
$
11,640
/
mo
2/28/2026
5982
s Zeno Ct
Aurora
CO
Mortgage
Sales
Leased
50
$
-
/
mo
month
to month
5475
Tech Center Drive #201-A
Colorado
Springs
CO
Mortgage
Sales
Leased
790
$
1,218
/
mo
9/30/2024
1145
Town Park Ave., Suite 2215
Lake
Mary
FL
Mortgage
Sales
Leased
5,901
$
12,294
/
mo
2/29/2024
8191
College Parkway, Suite 201
Ft
Myers
FL
Mortgage
Sales
Leased
4,676
$
4,505
/
mo
8/21/2024
2350
Fruitville Rd Ste, Ste 101
Sarasota
FL
Mortgage
Sales
Leased
2,455
$
5,266
/
mo
3/14/2026
921
Club House Blvd, New Smyrna Beach,
FL
Mortgage
Sales
Leased
50
$
-
/
mo
month
to month
9123
N. Military Trail, #104B
Palm
Beach Gardens
FL
Mortgage
Sales
Leased
150
$
800
/
mo
month
to month
970
Island Grove Drive
Deland
FL
Mortgage
Sales
Leased
100
$
-
/
mo
month
to month
10293
61st Ct N
Pinellas
Park
FL
Mortgage
Sales
Leased
100
$
-
/
mo
month
to month
5666
Seminole Blvd, Suite 106 & 111
Seminole
FL
Mortgage
Sales
Leased
210
$
1,170
/
mo
7/31/2024
2033
Main Street, Suite 407
Sarasota
FL
Mortgage
Sales
Leased
2,410
$
2,812
/
mo
10/31/2024
265
E Marion Ave
Punta
Gorda
FL
Mortgage
Sales
Leased
-
$
99
/
mo
month
to month
900
Cricle 75 Parkway, Ste 175
Atlanta
GA
Mortgage
Sales
Leased
3,020
$
6,341
/
mo
6/30/2026
6600
Peachtree Dunwoody Rd, Ste 135
Atlanta
GA
Mortgage
Sales
Leased
2,129
$
4,988
/
mo
3/31/2026
4370
Kukui Grove St., Suite 201
Lihue
HI
Mortgage
Sales
Leased
864
$
1,542
/
mo
2/28/2025
1001
Kamokila Blvd.
Kapolei
HI
Mortgage
Sales
Leased
737
$
1,813
/
mo
12/31/2025
32
Kinoole St. Suite 101, Hilo HI
Hilo
HI
Mortgage
Sales
Leased
730
$
2,373
/
mo
5/31/2024
1885
Main Street #108
Wailuku
HI
Mortgage
Sales
Leased
1,092
$
1,602
/
mo
5/14/2024
677
Ala Moana Blvd. Suite 609
Honolulu
HI
Mortgage
Sales
Leased
716
$
2,141
/
mo
1/31/2024
970
No Kalaheo Ave, Kailua, Suite A307, HI 96734
Kailua
HI
Mortgage
Sales
Leased
510
$
1,245
/
mo
5/31/2024
70
Kanoa Street Suite #140
Wailuku
HI
Mortgage
Sales
Sub-Leased
Unknown
$
300
/
mo
month
to month
315
Cece Way
Mccall
ID
Mortgage
Sales
Leased
100
$
-
/
mo
month
to month
802
West Bartlett Road
Bartlett
IL
Mortgage
Sales
Leased
2,300
$
6,000
/
mo
12/31/2024
568
Greenluster Dr.
Covington
LA
Mortgage
Sales
Leased
150
$
750
/
mo
month
to month
81
Boulder Drive,
Elizabethtown
KY
Mortgage
Sales
Leased
100
$
-
/
mo
month
to month
8684
Veterans Hwy, Ste 101
Millersville
MD
Mortgage
Sales
Leased
4,018
$
6,927
/
mo
7/31/2026
860
Blue Gentian Road Suite 205
Eagan
NM
Mortgage
Sales
Leased
100
$
383
/
mo
month
to month
12
Item
2. Properties (Continued)
Street
City
State
Function
Owned
/ Leased
Approximate Square Footage
Lease
Amount
Expiration
4987
Fall Creek Rd. Suite 1
Branson
MO
Mortgage
Sales
Leased
700
$
1,000
/
mo
month
to month
4700
Homewood Ct #260
Raleigh
NC
Mortgage
Sales
Leased
2,339
$
5,353
/
mo
2/28/2025
110
North Center Street, Suite 203
Hickory
NC
Mortgage
Sales
Leased
100
$
680
/
mo
5/14/2024
2015
Ayrsley Town Blvd, Suite 247
Charlotte
NC
Mortgage
Sales
Leased
100
$
1,644
/
mo
month
to month
1980
Festival Plaza Dr., Suite 850
Las
Vegas
NV
Mortgage
Sales
Leased
12,866
$
46,446
/
mo
3/31/2027
840
Pinnacle Ct., Suite 3
Mesquite
NV
Mortgage
Sales
Leased
900
$
720
/
mo
3/12/2022
2635
St. Rose Pkwy, Suites D 100, 110, 120
Hendeson
NV
Mortgage
Sales
Leased
5,788
$
12,649
/
mo
9/30/2025
2250
East Postal Drive, Suite 1
Pahrump
NV
Mortgage
Sales
Sub-Leased
1,500
$
1,743
/
mo
month
to month
2546
Findlater
Henderson
NV
Mortgage
Sales
Leased
120
$
-
/
mo
month
to month
670
Meridian Way, Suite 146
Westerville
OH
Mortgage
Sales
Leased
100
$
599
/
mo
month
to month
10365
SE Sunnyside Rd., Suite 310
Clackamus
OR
Mortgage
Sales
Leased
1,288
$
2,899
/
mo
11/30/2024
11592
SW Roundup Place
Terrebonne
OR
Mortgage
Sales
Leased
100
$
-
/
mo
month
to month
709
Pacific Ave
Tillamook
OR
Mortgage
Sales
Leased
120
$
-
/
mo
month
to month
144
Alf Taylor Rd.
Johnson
City
TN
Mortgage
Sales
Sub-Leased
1,521
$
800
/
mo
month
to month
4646
Poplar Avenue, #317
Memphis
TN
Mortgage
Sales
Leased
477
$
845
/
mo
3/31/2024
115
W. New Street
Kingsport
TN
Mortgage
Sales
Leased
100
$
650
/
mo
month
to month
11550
Fuqua, Suite 200
Houston
TX
Mortgage
Sales
Leased
1,865
$
3,341
/
mo
4/30/2024
17347
Village Green Dr., Suite 102
Houston
TX
Mortgage
Sales
Sub-Leased
3,300
$
5,995
/
mo
12/1/2024
9737
Great Hills Trail, Suites 150, 200, 220
Austin
TX
Mortgage
Sales
Leased
19,891
$
40,196
/
mo
month
to month
1213
East Alton Gloor Blvd., Suite H
Brownsville
TX
Mortgage
Sales
Leased
2,000
$
2,310
/
mo
2/28/2024
5020
Collinwood Ave., Suite 100
Fort
Worth
TX
Mortgage
Sales
Leased
2,687
$
5,500
/
mo
1/31/2025
722
Kiowa Dr. West
Lake
Kiowa
TX
Mortgage
Sales
Leased
150
$
495
/
mo
month
to month
23227
Red River Drive
Katy
TX
Mortgage
Sales
Leased
144
$
750
/
mo
month
to month
5707
Cold Springs Drive
San
Antonio
TX
Mortgage
Sales
Leased
100
$
-
/
mo
month
to month
4500
1-40 West, Suite B
Amarillo
TX
Mortgage
Sales
Leased
1,238
$
1,700
/
mo
12/31/2024
30417
Fifth Street Suite B
Fulshear
TX
Mortgage
Sales
Leased
1,000
$
1,273
/
mo
month
to month
4908
North Midkiff Road
Midland
TX
Mortgage
Sales
Leased
1,550
$
2,500
/
mo
month
to month
462
Mid Cities Boulevard
Hurst
TX
Mortgage
Sales
Leased
1,640
$
2,500
/
mo
month
to month
18525
West Lake Houston Parkway, Suite 222
Humble
TX
Mortgage
Sales
Leased
1,390
$
2,612
/
mo
9/30/2025
2600
South Shore Boulevard, Suite 300
League
City
TX
Mortgage
Sales
Leased
94
$
785
/
mo
4/24/2024
106
Decker Court Suite 310
Irving
TX
Mortgage
Sales
Leased
1,664
$
4,160
/
mo
4/24/2024
1600
Lee Travino, Suite A-1
El
Paso
TX
Mortgage
Sales
Leased
1,535
$
2,110
/
mo
month
to month
23702
IH-10 West, Suite 105-D
San
Antonio
TX
Mortgage
Sales
Leased
100
$
470
/
mo
month
to month
1777
NE Loop 410, Suite 600
San
Antonio
TX
Mortgage
Sales
Leased
100
$
1,070
/
mo
month
to month
299
South Columbia,
Stephenville
TX
Mortgage
Sales
Leased
3,417
$
5,700
/
mo
month
to month
18756
Stone Oak Parkway Ste 200
San
Antonio
TX
Mortgage
Sales
Leased
100
$
1,908
/
mo
month
to month
10000
Central Expressway Ste 428
Dallas
TX
Mortgage
Sales
Leased
200
$
1,400
/
mo
12/31/2024
602
S Main St
Weatherford
TX
Mortgage
Sales
Leased
1,250
$
1,282
/
mo
12/31/2024
5757
Flewellen Oaks Ln #104
Fulshear
TX
Mortgage
Sales
Leased
100
$
800
/
mo
month
to month
126
W. Sego Lily Dr., Suite 126
Sandy
UT
Mortgage
Sales
Leased
2,794
$
6,933
/
mo
1/31/2027
497
S. Main
Ephraim
UT
Mortgage
Sales
Leased
1,884
$
1,600
/
mo
4/30/2025
11240
S. River Heights Dr.
South
Jordan
UT
Mortgage
Sales
Leased
3,403
$
8,458
/
mo
11/30/2024
500
East Village Blvd.
Stansbury
Park
UT
Mortgage
Sales
Leased
1,950
$
3,475
/
mo
10/31/2024
1350
E. 300 S. 3rd Floor
Lehi
UT
Mortgage
Sales
Leased
15,446
$
38,396
/
mo
12/22/2026
2455
E. Parleys Way, Suites 120 & 150
Salt
Lake City
UT
Mortgage
Sales
Leased
5,256
$
8,962
/
mo
7/31/2030
859
W South Jordan Pkwy, Suite 101,
South
Jordan
UT
Mortgage
Sales
Leased
3,376
$
6,175
/
mo
5/30/2025
768
S. 1600 W., Suite B
Mapleton
UT
Mortgage
Sales
Leased
1,500
$
4,120
/
mo
month
to month
UT
( ) 998 N 1200 W, Suite 104 Orem
Orem
UT
Mortgage
Sales
Leased
2,162
$
5,648
/
mo
month
to month
21430
Cedar Dr., Suite 200-202
Sterling
VA
Mortgage
Sales
Leased
6,850
$
16,360
/
mo
3/9/2024
15650
NE Fourth Blvd Ste 101
Vancouver
WA
Mortgage
Sales
Leased
200
$
485
/
mo
11/30/2024
1508
24th Ave., Suite 23
Kenosha
WI
Mortgage
Sales
Leased
250
$
150
/
mo
month
to month
27903
99th St.
Trevor
WI
Mortgage
Sales
Leased
300
$
150
/
mo
month
to month
(1)
These two properties were sold during the first quarter of 2024.
(2)
This property is currently listed for sale and under contract.
The
Company believes the office facilities it occupies are in good operating condition and adequate for current operations. The Company plans
to enter into additional leases or modify existing leases based on its assessments of market demand. Those leases are expected to be
month to month where possible. As leases expire, the Company plans to either renew or find comparable leases or acquire additional office
space.
13
Item
2. Properties (Continued)
The
following table summarizes the location and acreage of the seven Company owned cemeteries, each of which includes one or more mausoleums.
The acreage represents estimates of acres that are based upon survey reports, title reports, appraisal reports, or the Company’s
inspection of the cemeteries. The Company estimates that there are approximately 1,200 spaces per developed acre.
Net
Saleable Acreage
Name
of Cemetery
Location
Date
Acquired
Developed
Acreage
Total
Acreage
Acres
Sold as Cemetery Spaces (1)
Total
Available Acreage
Memorial
Estates, Inc.
Lakeview Cemetery
1640
East Lakeview Drive
Bountiful, Utah
1973
9
39
8
31
Memorial
Estates, Inc.
Mountain View Cemetery
3115
East 7800 South
Salt Lake City, Utah
1973
26
54
20
34
Memorial
Estates, Inc.
Redwood Cemetery
6500
South Redwood Road
West Jordan, Utah
1973
40
71
35
36
Deseret
Memorial Inc.
Lake Hills Cemetery
10055
South State Street
Sandy, Utah
1991
9
28
6
22
Holladay
Memorial Park, Inc.
Holladay Memorial Park
4900
South Memory Lane
Holladay, Utah
1991
12
14
8
6
California
Memorial Estates, Inc.
Singing Hills Memorial Park
2800
Dehesa Road
El Cajon, California
1995
8
97
6
91
(2)
SNR-SF
Cemetery LLC Santa Fe Memorial Gardens
417
Rodeo Rd
Santa Fe, New Mexico
2021
5
(3)
5
4
1
(1) Includes
both reserved and occupied spaces.
(2) Includes
an open easement with a total acreage of approximately 62 acres.
(3) Includes
five main columbariums that can hold approximately 6,000 inurnments.
14
Item
2. Properties (Continued)
The
following table summarizes the location, square footage and the number of viewing rooms and chapels of the twelve Company owned mortuaries:
Date
Viewing
Square
Name of
Mortuary
Location
Acquired
Room(s)
Chapel(s)
Footage
Memorial Mortuary, Inc.
Memorial
Mortuary
5850 South 900 East, Murray,
Utah
1973
3
1
20,000
Affordable Funerals and
Cremations,
St. George
157 East Riverside Dr., No. 3A, St. George,
Utah
2016
1
1
2,360
Memorial Estates, Inc.
Redwood Mortuary
(1)
6500 South Redwood Rd., West Jordan, Utah
1973
2
1
10,000
Memorial Estates, Inc.
Mountain View Mortuary
(1)
3115 East 7800 South, Salt Lake City, Utah
1973
2
1
16,000
Memorial Estates, Inc.
Lakeview Mortuary
(1)
1640 East Lakeview Dr., Bountiful, Utah
1973
0
1
5,500
Deseret Memorial Inc.
Lakehills Mortuary
(1)
10055 South State St., Sandy, Utah
1991
2
1
18,000
Cottonwood Mortuary, Inc.
Cottonwood Mortuary
4670 South Highland Dr., Holladay, Utah
1991
2
1
14,500
SN Probst LLC
Heber Valley Funeral Home
288 North Main St., Heber City, Utah
2019
1
1
5,900
SN Holbrook LLC
Milcreek Funeral Home
3251 S 2300 E, Millcreek, Utah
2021
2
1
6,300
SNR-SF Mortuary LLC
Rivera Family Funeral
Home Santa Fe (1)
417 Rodeo RD, Santa Fe, New Mexico
2021
2
1
7,700
SNR-Espanola LLC
Rivera Family Funeral
Home Española
305 Calle Salazar, Española, New
Mexico
2021
1
2
10,400
SNR-Taos LLC
Rivera Family Funeral Home
Taos
818 Paseo Del Pueblo Sur, Taos, New Mexico
2021
0
1
9,600
(1) These
funeral homes also provide burial niches at their respective locations.
15
Item
3. Legal Proceedings
The
Company is not a party to any material legal proceedings outside the ordinary course of business or to any other legal proceedings, which
if adversely determined, would be expected to have a material adverse effect on its financial condition or results of operation.
Item
4. Mine Safety Disclosures
Not
applicable.
PART
II