Property

Our property consists of the following (in thousands):



	September 30, 2013		December 31, 2012
Land	$	878,652	$	881,156
Land held for development	118,334		121,294
Land under development	4,222		6,155
Buildings and improvements	3,235,883		3,325,793
Construction in-progress	71,758		65,452
Total	$	4,308,849	$	4,399,850

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

During the nine months ended September 30, 2013, we sold 18 centers and other property. Aggregate gross sales proceeds from these transactions approximated $219.0 million and generated gains of $116.8 million. See Note 20 for subsequent events.

- 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

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