Property Acquisitions and Dispositions

Acquisitions

The following table provides a summary of our acquisition activity for the three months ended March 31, 2015:



					Gross
Property Name	Location	GLA	Acreage	Date Acquired	Purchase Price		Assumed Debt
		(In thousands)			(In thousands)
Gaines Marketplace	Gaines Township, MI	N/A	1.9	02/12/15	$	1,000	$	—
Lakeland Park Center	Lakeland, FL	N/A	1.6	01/23/15	475		—
Total consolidated land / outparcel acquisitions			3.5		$	1,475	$	—

Dispositions

The following table provides a summary of our disposition activity for the three months ended March 31, 2015:

Gross

Property Name

Location

GLA

Acreage

Date

Sold

Sales

Price

Debt

Repaid

Gain

on Sale

(In thousands)

Target and Shell Oil Parcels

Gaines Township, MI

N/A

11.3

02/12/15

5,150

—

3,196

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. The adoption of ASU 2014-08 eliminated classifying the results of operations of properties held for sale as Discontinued Operations in the Condensed Consolidated Statements of Operations. As of March 31, 2015 we had one parcel of land classified as held for sale.