Property

6 Months Ended

Jun. 30, 2014

Real Estate [Abstract]

Property

Property

Our property consists of the following (in thousands):

	June 30, 2014		December 31, 2013
Land	$	832,616	$	854,409
Land held for development	107,583		116,935
Land under development	7,387		4,262
Buildings and improvements	3,213,593		3,238,817
Construction in-progress	80,078		74,853
Total	$	4,241,257	$	4,289,276

During the six months ended June 30, 2014, we sold five centers and other property. Aggregate gross sales proceeds from these transactions approximated $94.9 million and generated gains of approximately $23.2 million.

We classified eight properties as held for sale as of December 31, 2013, totaling $155.0 million before accumulated depreciation. See Note 9 for additional information.