Dispositions (Tables)

6 Months Ended

Jun. 30, 2018

Discontinued Operations and Disposal Groups [Abstract]

Schedule of property dispositions

The Company closed on the following dispositions during the six months ended June 30, 2017:

Date	Property Name	Property Type	Square Footage	Consideration		Aggregate Proceeds, Net (a)		Gain
January 27, 2017	Rite Aid Store (Eckerd), Culver Rd. – Rochester, NY	Single-user retail	10,900	$	500	$	332	$	—
February 21, 2017	Shoppes at Park West	Multi-tenant retail	63,900	15,383		15,261		7,569
March 7, 2017	CVS Pharmacy – Sylacauga, AL (b)	Single-user retail	10,100	3,700		3,348		1,651
March 8, 2017	Rite Aid Store (Eckerd) – Kill Devil Hills, NC	Single-user retail	13,800	4,297		4,134		1,857
March 15, 2017	Century III Plaza – Home Depot (c)	Single-user parcel	131,900	17,519		17,344		4,487
March 16, 2017	Village Shoppes at Gainesville	Multi-tenant retail	229,500	41,750		41,380		14,107
March 24, 2017	Northwood Crossing (b)	Multi-tenant retail	160,000	22,850		22,723		10,007
April 4, 2017	University Town Center (b)	Multi-tenant retail	57,500	14,700		14,590		9,128
April 4, 2017	Edgemont Town Center (b)	Multi-tenant retail	77,700	19,025		18,857		8,995
April 4, 2017	Phenix Crossing (b)	Multi-tenant retail	56,600	12,400		12,296		5,699
April 27, 2017	Brown’s Lane	Multi-tenant retail	74,700	10,575		10,318		3,408
May 9, 2017	Rite Aid Store (Eckerd) – Greer, SC	Single-user retail	13,800	3,050		2,961		830
May 9, 2017	Evans Town Centre	Multi-tenant retail	75,700	11,825		11,419		5,226
May 25, 2017	Red Bug Village	Multi-tenant retail	26,200	8,100		7,767		2,184
May 26, 2017	Wilton Square	Multi-tenant retail	438,100	49,300		48,503		19,630
May 30, 2017	Town Square Plaza	Multi-tenant retail	215,600	28,600		26,459		3,412
May 31, 2017	Cuyahoga Falls Market Center	Multi-tenant retail	76,400	11,500		11,101		1,300
June 5, 2017	Plaza Santa Fe II	Multi-tenant retail	224,200	35,220		33,506		16,136
June 6, 2017	Rite Aid Store (Eckerd) – Columbia, SC	Single-user retail	13,400	3,250		3,163		1,046
June 16, 2017	Fox Creek Village	Multi-tenant retail	107,500	24,825		24,415		12,470
June 29, 2017	Cottage Plaza	Multi-tenant retail	85,500	23,050		22,685		8,039
June 29, 2017	Magnolia Square	Multi-tenant retail	116,000	16,000		15,692		4,866
June 29, 2017	Cinemark Seven Bridges	Single-user retail	70,200	15,271		14,948		3,973
June 29, 2017	Low Country Village I & II (b)	Multi-tenant retail	139,900	22,075		21,639		10,286
			2,489,100	$	414,765	$	404,841	$	156,306

(a) Aggregate proceeds are net of transaction costs, as well as capital and tenant-related costs credited to the buyer at close, as applicable, and exclude $150 of condemnation proceeds, which did not result in any additional gain recognition.

(b) As of June 30, 2017, the following disposition proceeds were temporarily restricted related to 1031 Exchanges and are included in “Other assets, net” in the accompanying condensed consolidated balance sheets:

Property Name	Proceeds Temporarily Restricted
CVS Pharmacy – Sylacauga, AL	$	3,332
Northwood Crossing	22,719
University Town Center	14,595
Edgemont Town Center	18,885
Phenix Crossing	12,324
Low Country Village I & II	21,706
	$	93,561

(c) The Company disposed of the Home Depot parcel at Century III Plaza, an existing 284,100 square foot multi-tenant retail operating property. The remaining portion of Century III Plaza was classified as held for sale as of June 30, 2017 and was sold on December 15, 2017.

The Company closed on the following dispositions during the six months ended June 30, 2018:

Date	Property Name	Property Type	Square Footage	Consideration		Aggregate Proceeds, Net (a)		Gain
January 19, 2018	Crown Theater	Single-user retail	74,200	$	6,900	$	6,350	$	2,952
February 15, 2018	Cranberry Square	Multi-tenant retail	195,200	23,500		23,163		10,174
March 7, 2018	Rite Aid Store (Eckerd)–Crossville, TN	Single-user retail	13,800	1,800		1,768		157
March 20, 2018	Home Depot Plaza (b)	Multi-tenant retail	135,600	16,250		15,873		—
March 21, 2018	Governor's Marketplace	Multi-tenant retail	243,100	23,500		20,993		7,429
March 28, 2018	Stony Creek I & Stony Creek II (c)	Multi-tenant retail	204,800	32,800		32,078		11,628
April 19, 2018	CVS Pharmacy – Lawton, OK	Single-user retail	10,900	1,600		1,596		—
May 31, 2018	Schaumburg Towers	Office	895,400	86,600		73,315		—
			1,773,000	$	192,950	$	175,136	$	32,340

(a) Aggregate proceeds are net of transaction costs, as well as capital and tenant-related costs credited to the buyer at close, as applicable, and exclude $169 of condemnation proceeds, which did not result in any additional gain recognition.

(b) The Company repaid a $10,750 mortgage payable in conjunction with the disposition of the property.

(c) The terms of the disposition of Stony Creek I and Stony Creek II were negotiated as a single transaction.

Schedule of assets and liabilities associated with investment properties held for sale

The following table presents the assets and liabilities associated with the investment property classified as held for sale:

	December 31, 2017
Assets
Land, building and other improvements	$	2,791
Less accumulated depreciation	(27		)
Net investment properties	2,764
Other assets	883
Assets associated with investment properties held for sale	$	3,647
Liabilities
Other liabilities	$	—
Liabilities associated with investment properties held for sale	$	—