Note 3 - Real Estate

3 Months Ended

Mar. 31, 2022

Notes to Financial Statements

Real Estate Disclosure [Text Block]

3. Real Estate

Acquisitions

During the three months ended March 31, 2022, the Company acquired two parcels for an aggregate purchase price of $18.6 million, in separate transactions, which are located in San Marcos, CA and Columbia, MD.

Dispositions

The table below summarizes the Company’s disposition activity relating to consolidated operating properties and parcels (dollars in millions):

	Three Months Ended March 31,
	2022		2021
Aggregate sales price	$	8.7	$	23.0
Gain on sale of properties (1)	$	4.2	$	10.0
Number of properties sold		-		1
Number of parcels sold		4		4

(1) Before noncontrolling interests of $3.0 million and taxes of $1.0 million, for the three months ended March 31, 2021.

Assets Held-For-Sale

At March 31, 2022, the Company had a property and land parcel classified as held-for-sale at a net carrying amount of $13.7 million, which is included in Other assets on the Company’s Condensed Consolidated Balance Sheets.