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Property Dispositions (Tables)
6 Months Ended
Jun. 30, 2020
Discontinued Operations And Disposal Groups [Abstract]  
Schedule of Properties Disposed of

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

 

 

 

Three months ended June 30,

 

 

Six months ended June 30,

 

(in thousands, except number sold data)

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Net proceeds from sale of real estate investments

 

$

12,092

 

 

 

927

 

 

$

115,614

 

(1)

 

83,460

 

Gain on sale of real estate, net of tax

 

 

7,448

 

 

 

442

 

 

 

45,453

 

 

 

16,932

 

Provision for impairment of real estate sold

 

 

230

 

 

 

(6

)

 

 

571

 

 

 

1,666

 

Number of operating properties sold

 

 

1

 

 

 

 

 

 

3

 

 

 

4

 

Number of land parcels sold

 

 

3

 

 

 

1

 

 

 

4

 

 

 

3

 

Percent interest sold

 

50% - 100%

 

 

 

100

%

 

50% - 100%

 

 

 

100

%

 

 

(1)

Includes proceeds from repayment of a short-term note on the sale of one of the properties, issued at closing and repaid during the same three months ended March 31, 2020.