Question-and-Answer Session
Operator
(Operator Instructions). Our first question toady comes from Alex Barron of The Agency Trading Group.
Alex Barron - The Agency Trading Group
Yeah, hi, guys. How are you?
Ian Cockwell
Hi, Alex.
Alex Barron - The Agency Trading Group
I wanted to ask you how much, did you guys have outstanding in the line of credit with Brookfield Asset Management.
Paul Kerrigan
Our balance at the end of this quarter was $70 million.
Alex Barron - The Agency Trading Group
70?
Paul Kerrigan
Yeah.
Alex Barron - The Agency Trading Group
Okay. Also I wanted to ask you, do you have a breakdown of the inventory by work in progress, land and models?
Paul Kerrigan
Yeah. We normally disclose that for our 10-Q. But of our housing main inventory of $1.1 billion house. A quick breakdown, what we described inventory as $540 million that’s slightly down from the end of last year. And then model homes of $51 million, and that’s up from $42 million at the end of the year.
Alex Barron - The Agency Trading Group
Okay.
Paul Kerrigan
And that’s what I’m referring to earlier in my notes that representing those lots is approximately 2,800 lots.
Alex Barron - The Agency Trading Group
Got it. Now regarding these impairments, how many communities were impaired in each one of these regions or and the Inland Empire, I guess, it’s the main one, right.
Paul Kerrigan
Right. And the lots that I mentioned in the Inland Empire. So, the lots, we directly own that will consist of three communities, one master plan communities, but effectively three selling communities.
Alex Barron - The Agency Trading Group
Okay.
Paul Kerrigan
Other, well, (inaudible) that was the impairment of joint venture that was again on our masterplan community was, I believe, at this stage two selling communities.
Alex Barron - The Agency Trading Group
Okay. All right. Thanks. I’ll get back in the queue.
Operator
Our next question comes from Stephen Massocca of Pacific Growth Equities Management.
Stephen Massocca - Pacific Growth Equity Management
Hi, I’m somewhat new to your story, so I was just trying to figure out on the 1000 homes are going to close this year. I don’t know that I’m looking at this correctly, you’ve closed 567 through the end of the quarter, you have a backlog of 323 of which 130 were orders that were created in the quarter.
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