Real Estate Activities (Tables)

12 Months Ended

Dec. 31, 2021

Real Estate [Abstract]

Investments in Real Estate

Investments in real estate as of December 31, 2021 and 2020 were comprised of the following:

	December 31,
(in thousands of dollars)	2021			2020
Buildings, improvements and construction in progress	$	2,762,675		$	2,757,234
Land, including land held for development		443,686			463,103
Total investments in real estate		3,206,361			3,220,337
Accumulated depreciation		(1,405,260	)		(1,308,427	)
Net investments in real estate	$	1,801,101		$	1,911,910

Impairment of Assets

During the year ended December 31, 2021, we recorded asset impairment losses of $9.9 million, which are recorded in “Impairment of assets” in the consolidated statements of operations. We did not record any asset impairment losses during the year ended December 31, 2020. The assets that incurred impairment losses and the amount of such losses are as follows:

	For the Year Ended
(in thousands of dollars)	December 31, 2021
Exton Square Mall	$	8,374
Valley View Center		1,302
Monroe Marketplace		262
Total Impairment of Assets	$	9,938

Summary of Capitalized Construction and Development Information

The following table summarizes certain capitalized construction and development information for our consolidated properties as of December 31, 2021 and 2020:

	December 31,
(in thousands of dollars)	2021		2020
Construction in progress	$	45,828	$	46,285
Land held for development		4,339		5,516
Deferred costs and other assets		6,058		4,197
Total capitalized construction and development activities	$	56,225	$	55,998