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Property Acquisitions and Dispositions
6 Months Ended
Jun. 30, 2014
Business Combinations [Abstract]  
Property Acquisitions and Dispositions
Property Acquisitions and Dispositions

Acquisitions

There were no acquisitions during the six months ended June 30, 2014. See Note 15 Subsequent Events for additional information regarding acquisitions.

Dispositions

The following table provides a summary of our disposition activity for the six months ended June 30, 2014:

 
 
 
 
 
 
 
 
 
 
Gross
 
 
Property Name
 
Location
 
GLA
 
Acreage

 
Date
Sold
 
Sales
Price
 
Debt
Repaid
 
Gain (loss)
on Sale
 
 
 
 
(In thousands)
 
 
 
 
 
(In thousands)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
The Town Center at Aquia - El Gran Charro Outparcel
 
Stafford, VA
 
6

 
N/A

 
05/28/14
 
$
1,730

 
$

 
$
123

Naples Towne Centre
 
Naples, FL
 
135

 
N/A

 
04/17/14
 
7,150

 

 
2,343

   Total consolidated income producing dispositions
 
141

 
 
 
 
 
$
8,880

 
$

 
$
2,466

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Parkway Phase I - Express Oil Change Outparcel
 
Jacksonville, FL
 
N/A

 
0.7

 
06/13/14
 
$
680

 
$

 
$
215

Hartland - Taco Bell Outparcel
 
Hartland, MI
 
N/A

 
0.8

 
05/01/14
 
650

 
$

 
$
(9
)
  Total consolidated land / outparcel dispositions
 
 
 
1.5

 
 
 
$
1,330

 
$

 
$
206

   Total consolidated dispositions
 
141

 
1.5

 
 
 
$
10,210

 
$

 
$
2,672

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 
Pursuant to the criteria established under ASC 360, Property, Plant, and Equipment, we will classify properties as held for sale when executed purchase and sales agreement contingencies have been satisfied thereby signifying that the sale is legally binding and we are able to conclude that the sale of the property within one year is probable. Pursuant to our adoption of ASU 2014-08 the results of operations of properties classified as held for sale will not be classified as Discontinued Operations in the Condensed Consolidated Statements of Operations. As of June 30, 2014 and 2013, we did not have any properties held for sale.