XML 122 R13.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Property Dispositions
 12 Months Ended
Dec. 31, 2019
Discontinued Operations And Disposal Groups [Abstract]  
Property Dispositions

3.

Property Dispositions

Dispositions

The following table provides a summary of consolidated shopping centers and land parcels disposed of during the periods set forth below:

 

 

 

Year ended December 31,

 

(in thousands, except number sold data)

 

2019

 

 

2018

 

 

2017

 

Net proceeds from sale of real estate investments

 

$

137,572

 

 

 

250,445

 

 

 

110,015

 

Gain on sale of real estate, net of tax

 

$

24,242

 

 

 

28,343

 

 

 

27,432

 

Provision for impairment of real estate sold

 

$

1,836

 

 

 

31,041

 

 

 

—

 

Number of operating properties sold

 

 

7

 

 

 

10

 

 

 

6

 

Number of land parcels sold

 

 

6

 

 

 

9

 

 

 

9

 

 

At December 31, 2019, the Company also had one property classified as Properties held for sale on the Consolidated Balance Sheets, which sold in January 2020.