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Dispositions and Held for Sale
9 Months Ended
Sep. 30, 2021
Discontinued Operations And Disposal Groups [Abstract]  
Dispositions and Held for Sale

Note 7 – Dispositions and Held for Sale

Dispositions

Based on its analysis, the Company determined that the dispositions described below do not meet the criteria for classification as discontinued operations and are not considered to be significant disposals based on its quantitative and qualitative evaluation. Thus, the results of operations of the properties described below, as well as any related gains or losses, are included in net loss for all periods presented, as applicable.

2021 Dispositions

The Company realized a gain of $8,684 primarily related to the sale of two anchors and three outparcels during the three months ended September 30, 2021. The Company realized a gain of $8,492 primarily related to the sale of three anchors and three outparcels during the nine months ended September 30, 2021.

2020 Dispositions

The Company realized a gain of $2,708 related to the sale of three  outparcels during the nine months ended September 30, 2020.

Held for Sale

2021 Held for Sale Analysis

In the third quarter of 2021, the Company determined that the Residences at Pearland Town Center met the criteria to be classified as a held for sale (“HFS”). The sale closed on October 1, 2021 and generated gross proceeds of $8,750. The sale did not qualify as discontinued operations. See Note 15 for more information.