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Real Estate Investments
3 Months Ended
Mar. 31, 2017
Real Estate [Abstract]  
Real Estate Investments
Real Estate Investments
 
Property Acquisitions
 
On January 4, 2017, the Company acquired undeveloped land in Charleston, South Carolina for a contract price of $7.1 million plus capitalized acquisition costs of $0.2 million. The Company intends to use the land for future development.

Property Dispositions
 
On January 20, 2017, the Company completed the sale of the Wawa outparcel at Greentree Shopping Center. Net proceeds after transaction costs were $4.4 million. The gain on the disposition was $3.4 million.

Subsequent to March 31, 2017

On April 20, 2017, the Company entered into an agreement to sell the Courthouse 7-Eleven property for $2.4 million. The Company expects the sale to close in the third quarter of 2017.