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Disposed Properties
 12 Months Ended
Dec. 31, 2019
Discontinued Operations and Disposal Groups [Abstract]  
Disposed Properties Disposed Properties
Continuing operations
The following table reflects the retail properties disposed of during the year ended December 31, 2019:
Date
 
Property
 
Metropolitan Area
 
Square Feet
 
Gross
Disposition Price
 
Gain (Loss) on Sale of Investment Properties, net
 
Loss on
Extinguishment
of Debt
April 3, 2019
 
Brooks Corner
 
San Antonio
 
173,000

 
$
26,300

 
$
5,531

 
$
(809
)
May 31, 2019
 
Silverlake
 
Cincinnati
 
101,000

 
6,650

 
131

 
—

August 15, 2019
 
Promenade Fultondale
 
Birmingham, AL
 
207,600

 
23,200

 
1,861

 
—

August 21, 2019
 
Crossroads at Chesapeake Square and Chesapeake Commons
 
Virginia Beach
 
198,700

 
23,100

 
1,353

 
—

September 10, 2019
 
West Creek
 
Austin
 
53,300

 
18,700

 
5,962

 
—

September 13, 2019
 
Boynton Commons
 
Miami
 
210,300

 
50,000

 
18,405

 
—

September 25, 2019
 
Quebec Square
 
Denver
 
207,600

 
42,250

 
(800
)
 
(2,092
)
October 11, 2019
 
Northwest Marketplace
 
Houston
 
185,200

 
29,500

 
7,037

 
—

November 14, 2019
 
White Oak Crossing
 
Raleigh
 
564,700

 
92,500

 
21,737

 
—

November 20, 2019
 
Woodbridge Crossing
 
Dallas
 
197,000

 
45,600

 
794

 
—

 
 
 
 
 
 
2,098,400

 
$
357,800

 
$
62,011

 
$
(2,901
)

In aggregate, the Company recognized net proceeds of $346,707 from the sales of these retail properties on the consolidated statement of cash flows during the year ended December 31, 2019.
The following table reflects the retail properties disposed of during the year ended December 31, 2018:
Date
 
Property
 
Metropolitan Area
 
Square Feet
 
Gross
Disposition Price
 
Gain (Loss) on Sale and Transfer of Investment Properties, net
 
Gain (Loss) on Extinguishment of Debt
January 9, 2018
 
Sherman Town Center I & II
 
Dallas
 
485,000

 
$
63,000

 
$
12,382

 
$
—

January 25, 2018
 
Grafton Commons
 
Milwaukee
 
239,000

 
33,500

 
6,564

 
—

March 8, 2018
 
Lakeport Commons
 
Sioux City, IA
 
283,000

 
31,000

 
(666
)
 
—

March 21, 2018
 
Stonecrest Marketplace (a)
 
Atlanta
 
265,000

 
—

 
1,777

 
10,752

March 31, 2018
 
Northwest Marketplace (b)
 
Houston
 
—

 
—

 
248

 
—

April 17, 2018
 
Market at Morse/Hamilton
 
Columbus
 
45,000

 
10,000

 
1,592

 
—

May 24, 2018
 
Siegen Plaza
 
Baton Rouge
 
156,000

 
29,000

 
3,849

 
(54
)
June 20, 2018
 
Tomball Town Center
 
Houston
 
67,000

 
22,750

 
7,184

 
—

June 26, 2018
 
Bellerive Plaza (c)
 
Lexington, KY
 
76,000

 
—

 
(22
)
 
1,694

June 28, 2018
 
Parkway Centre North
 
Columbus
 
143,000

 
23,700

 
5,357

 
(1,695
)
September 14, 2018
 
Tulsa Hills
 
Tulsa
 
473,000

 
70,000

 
13,476

 
—

October 5, 2018
 
McKinney Town Center
 
Dallas
 
243,000

 
51,000

 
15,430

 
—

October 5, 2018
 
Riverstone Shopping Center
 
Houston
 
273,000

 
27,750

 
(320
)
 
(1,540
)
October 23, 2018
 
Hiram Pavilion
 
Atlanta
 
363,000

 
44,350

 
22,124

 
—

November 19, 2018
 
Poplin Place
 
Charlotte, NC
 
228,000

 
28,300

 
2,841

 
—

November 20, 2018
 
Walden Park
 
Austin
 
34,000

 
5,325

 
5

 
—

December 20, 2018
 
Streets of Cranberry
 
Pittsburgh
 
108,000

 
26,500

 
3,276

 
—

 
 
 
 
 
 
3,481,000

 
$
466,175

 
$
95,097

 
$
9,157

(a)
On March 21, 2018, the Company surrendered Stonecrest Marketplace, with a carrying value of $23,932, to the lender in satisfaction of non-recourse debt with an initial maturity date of March 1, 2017, and recognized a gain on transfer of assets, net, of $1,777. The Company is not aware of any material outstanding commitments and contingencies related to Stonecrest Marketplace.
(b)
The Company recognized a gain on sale of $248 related to the completion of a partial condemnation at this retail property.
(c)
On June 26, 2018, the Company surrendered Bellerive Plaza, with a carrying value of $4,771, to the lender in satisfaction of non-recourse debt with an initial maturity date of June 1, 2017. The Company recognized a loss on transfer of assets, net, of $22. The Company is not aware of any material outstanding commitments and contingencies related to Bellerive Plaza.
In aggregate, the Company recognized net proceeds of $430,514 from the sales, surrender, and condemnation of these retail properties on the consolidated statement of cash flows during the year ended December 31, 2018.
Discontinued operations
The item reflected as discontinued operations on the consolidated statement of operations and comprehensive income for the year ended December 31, 2019 is the settlement of indemnity claims arising from the sale of University House Communities Group, Inc. ("University House"), the Company's former student housing platform, as disclosed in "Note 12. Commitments and Contingencies." The item reflected as discontinued operations on the consolidated statement of operations and comprehensive income for the year ended December 31, 2017, is the disposition of Worldgate Plaza, a non-core office property.
On August 30, 2017, the Company sold Worldgate Plaza for a gross disposition price of $53,500, and recognized a gain on the sale of this property of $10,115 as part of income from discontinued operations. The following table summarizes the Company's discontinued operations during the year ended December 31, 2017:
 
Year ended
December 31, 2017
Total income
$
3,935

Depreciation and amortization
(1,205
)
Other operating expenses
(2,308
)
Interest expense, income taxes, and other miscellaneous income
(6,696
)
Gain on sale of investment property
10,115

Loss on extinguishment of debt
(2
)
Net income from discontinued operations
$
3,839