Property

Our property consists of the following (in thousands):



	June 30, 2013		December 31, 2012
Land	$	894,302	$	881,156
Land held for development	121,030		121,294
Land under development	4,182		6,155
Buildings and improvements	3,294,883		3,325,793
Construction in-progress	59,494		65,452
Total	$	4,373,891	$	4,399,850

During the six months ended June 30, 2013, we acquired two centers for approximately $73.1 million.

During the six months ended June 30, 2013, we sold 10 centers and other property. Aggregate gross sales proceeds from these transactions approximated $152.5 million and generated gains of $78.4 million.

We classified one property as held for sale that consisted of property before accumulated depreciation totaling $11.8 million as of June 30, 2013, and no properties were classified as held for sale as of December 31, 2012. See Note 10 for additional information.

- Definition

The entire disclosure for certain real estate investment financial statements, real estate investment trust operating support agreements, real estate owned, retail land sales, time share transactions, as well as other real estate related disclosures.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

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-Name Statement of Financial Accounting Standard (FAS)

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Reference 14: http://www.xbrl.org/2003/role/presentationRef

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+ Details