XML 65 R50.htm IDEA: XBRL DOCUMENT v3.20.4
REAL ESTATE PROPERTIES - Sales of Real Estate (Details)
12 Months Ended
Dec. 31, 2020
USD ($)
ft²
Dec. 31, 2019
USD ($)
ft²
a
Dec. 31, 2018
USD ($)
ft²
Real Estate Properties [Line Items]      
Net Sales Price of Real Estate Sold $ 20,510,000 $ 66,559,000 $ 22,004,000
Basis 7,365,000 25,491,000 7,731,000
Gain on Sales of Real Estate Investments $ 13,145,000 $ 41,068,000 14,273,000
Land [Member]      
Real Estate Properties [Line Items]      
SIze (in acres) of land sold | a   0.2  
Proceeds from Sale of Property, Plant, and Equipment   $ 185,000 2,577,000
Gain on sales of land   $ 83,000 $ 86,000
University Business Center 120 [Member]      
Real Estate Properties [Line Items]      
Less Than Wholly Owned Joint Venture Investment Ownership Percentage 80.00%    
Less Than Wholly Owned Joint Venture Investment Ownership Percentage Sold 80.00%    
Less Than Wholly Owned Joint Venture Investment Ownership Percentage Sold, shown in table 80.00%    
Less Than Wholly Owned Joint Venture Investment Ownership Percentage   80.00%  
University Business Center 130 [Member]      
Real Estate Properties [Line Items]      
Less Than Wholly Owned Joint Venture Investment Ownership Percentage   80.00%  
Less Than Wholly Owned Joint Venture Investment Ownership Percentage   20.00%  
University Business Center 120 [Member]      
Real Estate Properties [Line Items]      
Size (in square feet) of property sold | ft² [1] 46,000    
Date Of Property Sale [1] 12/01/2020    
Net Sales Price of Real Estate Sold [1] $ 10,342,000    
Basis [1] 4,007,000    
Gain on Sales of Real Estate Investments [1] $ 6,335,000    
Central Green Distribution Center [Member]      
Real Estate Properties [Line Items]      
Size (in square feet) of property sold | ft² 80,000    
Date Of Property Sale 12/23/2020    
Net Sales Price of Real Estate Sold $ 10,168,000    
Basis 3,358,000    
Gain on Sales of Real Estate Investments $ 6,810,000    
World Houston International Business Ctr 5 [Member]      
Real Estate Properties [Line Items]      
Size (in square feet) of property sold | ft²   51,000  
Date Of Property Sale   01/29/2019  
Net Sales Price of Real Estate Sold   $ 3,679,000  
Basis   1,354,000  
Gain on Sales of Real Estate Investments   $ 2,325,000  
Altamonte Commerce Center [Member]      
Real Estate Properties [Line Items]      
Size (in square feet) of property sold | ft²   186,000  
Date Of Property Sale   05/20/2019  
Net Sales Price of Real Estate Sold   $ 14,423,000  
Basis   5,342,000  
Gain on Sales of Real Estate Investments   $ 9,081,000  
University Business Center 130 [Member]      
Real Estate Properties [Line Items]      
Size (in square feet) of property sold | ft² [2]   40,000  
Date Of Property Sale [2]   11/07/2019  
Net Sales Price of Real Estate Sold [2]   $ 11,083,000  
Basis [2]   2,729,000  
Gain on Sales of Real Estate Investments [2]   $ 8,354,000  
Southpointe Distribution Center [Member]      
Real Estate Properties [Line Items]      
Size (in square feet) of property sold | ft²   207,000  
Date Of Property Sale   12/03/2019  
Net Sales Price of Real Estate Sold   $ 13,699,000  
Basis   2,281,000  
Gain on Sales of Real Estate Investments   $ 11,418,000  
University Business Center 125 and 175 [Member]      
Real Estate Properties [Line Items]      
Size (in square feet) of property sold | ft²   133,000  
Date Of Property Sale   12/11/2019  
Net Sales Price of Real Estate Sold   $ 23,675,000  
Basis   13,785,000  
Gain on Sales of Real Estate Investments   $ 9,890,000  
World Houston International Business Ctr 18 [Member]      
Real Estate Properties [Line Items]      
Size (in square feet) of property sold | ft²     33,000
Date Of Property Sale     01/26/2018
Net Sales Price of Real Estate Sold     $ 2,289,000
Basis     1,211,000
Gain on Sales of Real Estate Investments     $ 1,078,000
56th Street Commerce Park [Member]      
Real Estate Properties [Line Items]      
Size (in square feet) of property sold | ft²     181,000
Date Of Property Sale     03/20/2018
Net Sales Price of Real Estate Sold     $ 12,032,000
Basis     2,888,000
Gain on Sales of Real Estate Investments     $ 9,144,000
35th Avenue Distribution Center [Member]      
Real Estate Properties [Line Items]      
Size (in square feet) of property sold | ft²     125,000
Date Of Property Sale     07/26/2018
Net Sales Price of Real Estate Sold     $ 7,683,000
Basis     3,632,000
Gain on Sales of Real Estate Investments     $ 4,051,000
[1] EastGroup owned 80% of University Business Center 120 through a joint venture partnership. EastGroup sold its 80% share of the joint venture, and the partnership was dissolved. The information shown for this transaction represents EastGroup's 80% ownership.
[2] EastGroup owned 80% of University Business Center 130 through a joint venture partnership. The information shown for this transaction also includes the 20% attributable to the Company's noncontrolling interest partner.