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Note 5 - Dispositions of Real Estate | 12 Months Ended
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Dec. 31, 2020
Notes to Financial Statements |
Mergers, Acquisitions and Dispositions Disclosures [Text Block] | 5. D ispositions of Real Estate: Real Estate The table below summarizes the Company’s disposition activity relating to operating properties and parcels, in separate transactions (dollars in millions):
|  | Year Ended December 31, |
|  | 2020 |  |  |  | 2019 (1) |  |  |  | 2018 |
Aggregate sales price/gross fair value |  | $ | 31.8 |  |  | $ | 344.7 |  |  | $ | 1,164.3 |
Gain on sale of properties/change in control of interests |  | $ | 6.5 |  |  | $ | 79.2 |  |  | $ | 229.8 |
Number of operating properties sold/deconsolidated |  |  | 3 |  |  |  | 20 |  |  |  | 54 |
Number of parcels sold |  |  | 4 |  |  |  | 9 |  |  |  | 7 |
| (1) | Includes the parcel sale at Dania Pointe, noted above in Footnote 4 of the Notes to Consolidated Financial Statements.
Included in the table above, during the year ended December 31, 2018, the Company sold a portion of its investment in an operating property to its partner based on a gross fair value of $320.0 million, including $206.0 million of non-recourse mortgage debt, and amended the partnership agreement to provide for joint control of the entity. As a result of the amendment, the Company no longer consolidates the entity and as such, reduced noncontrolling interests by $43.8 million and recognized a gain on change in control of $6.8 million, in accordance with the adoption of ASU 2017-05 effective as of January 1, 2018 (see Footnote 1 of the Notes to Consolidated Financial Statements). The Company has an investment in this unconsolidated property ($62.4 million as of the date of deconsolidation), included in Investments in and advances to real estate joint ventures on the Company’s Consolidated Balance Sheets. The Company’s share of this investment is subject to change and is based upon a cash flow waterfall provision within the partnership agreement (54.8% as of the date of deconsolidation). Land S ales During 2018, the Company sold 10 land parcels, for an aggregate sales price of $9.7 million. These transactions resulted in an aggregate gain of $6.3 million, before income tax expense and noncontrolling interest for the year ended December 31, 2018. The gains from these transactions are recorded as other income, which is included in Other income, net on the Company’s Consolidated Statements of Income.

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- Definition The entire disclosure for business combinations, including leverage buyout transactions (as applicable), and divestitures. This may include a description of a business combination or divestiture (or series of individually immaterial business combinations or divestitures) completed during the period, including background, timing, and assets and liabilities recognized and reclassified or sold. This element does not include fixed asset sales and plant closings. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=2122178 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -URI http://asc.fasb.org/topic&trid=2303972 + Details
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