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Property Dispositions and Assets Held for Sale (Tables) | 3 Months Ended
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Mar. 31, 2024
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 March 31, |
(in thousands, except number sold data) |  | 2024 |  |  | 2023 |
Net proceeds from sale of real estate investments |  | $ | 30,033 |  |  |  | 2,923 |
Gain on sale of real estate, net of tax |  |  | 11,403 |  |  |  | 250 |
Number of operating properties sold |  |  | 1 |  |  |  | — |
Number of land parcels sold |  |  | — |  |  |  | 1 |
Percent interest sold |  | 100% |  |  | 100% |
Schedule of Properties Held for Sale | The following table presents the assets associated with the properties classified as held for sale:
(in thousands) |  | March 31, 2024 |  |  | December 31, 2023 |
Land and improvements |  | $ | 27,003 |  |  |  | 9,120 |
Buildings and improvements |  |  | 9,425 |  |  |  | 12,551 |
Less: accumulated depreciation |  |  | (2,928 | ) |  |  | (3,461 | )
Real estate, net |  |  | 33,500 |  |  |  | 18,210 |
Other assets, net |  |  | 72 |  |  |  | 668 |
Assets associated with real estate assets held for sale |  | $ | 33,572 |  |  |  | 18,878 |

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