XML 48 R12.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Property
 12 Months Ended
Dec. 31, 2019
Real Estate [Abstract]  
Property Property
Our property consists of the following (in thousands):
 
December 31,
 
2019
 
2018
Land
$
911,521

 
$
919,237

Land held for development
40,667

 
45,673

Land under development
53,076

 
55,793

Buildings and improvements
2,898,867

 
2,927,954

Construction in-progress
241,118

 
156,411

Total
$
4,145,249

 
$
4,105,068


During the year ended December 31, 2019, we sold 15 centers and other property. Aggregate gross sales proceeds from these transactions approximated $464.1 million and generated gains of approximately $189.8 million. Also, for the year ended December 31, 2019, we acquired five grocery-anchored shopping centers and other property with an aggregate gross purchase price of approximately $219.6 million, and we invested $109.7 million in new development projects.