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Discontinued Operations (Tables)
12 Months Ended
Dec. 31, 2016
Discontinued Operations And Disposal Groups [Abstract]  
Schedule Of The Components Of Income From Discontinued Operations

The following is a summary of the components of income from discontinued operations applicable to properties classified as such prior to the adoption in 2014 of guidance for reporting discontinued operations:

 

 

 

Years ended December 31,

 

 

 

2015

 

 

2014

 

REVENUES

 

 

 

 

 

 

 

 

Rents

 

$

38,000

 

 

$

2,698,000

 

Expense recoveries and other

 

 

1,000

 

 

 

918,000

 

Total revenues

 

 

39,000

 

 

 

3,616,000

 

EXPENSES

 

 

 

 

 

 

 

 

Operating, maintenance and management

 

 

20,000

 

 

 

783,000

 

Real estate and other property related-taxes

 

 

7,000

 

 

 

555,000

 

Interest

 

 

—

 

 

 

631,000

 

Total expenses

 

 

27,000

 

 

 

1,969,000

 

Income from operations

 

 

12,000

 

 

 

1,647,000

 

Impairment reversals

 

 

153,000

 

 

 

47,000

 

Gain on extinguishment of debt obligations

 

 

—

 

 

 

1,423,000

 

Gain on sales

 

 

—

 

 

 

7,963,000

 

Total income from discontinued operations

 

$

165,000

 

 

$

11,080,000

 

 

Schedule Of Properties Sold, Classified As Discontinued Operations, 2014 Transactions

During 2014, the Company sold or conveyed the following properties classified as discontinued operations:

 

 

 

 

 

Date

 

Sales

 

 

Gain on

 

Property

 

Location

 

Sold

 

Price

 

 

Sale

 

Harbor Square (f/k/a Shore Mall)

 

Egg Harbor, NJ

 

2/25/2014

 

$

25,000,000

 

 

$

-

 

McCormick Place

 

Olmstead, OH

 

5/6/2014

 

 

2,679,000

 

(a)

 

              —

 

Gahanna Discount Drug Mart Plaza

 

Columbus, OH

 

5/27/2014

 

 

4,982,000

 

(a)

 

             —

 

Townfair Center

 

Indiana, PA

 

5/29/2014

 

 

22,600,000

 

 

 

1,472,000

 

Lake Raystown Plaza

 

Huntingdon, PA

 

6/25/2014

 

 

19,500,000

 

 

 

6,491,000

 

 

 

 

 

 

 

$

74,761,000

 

 

$

7,963,000

 

 

(a)Lender accepted a deed-in-lieu of foreclosure on the property. Sales price represents mortgage loan payable, accrued interest and other expenses forgiven upon title transfer.