Dispositions and Assets Held for Sale

6 Months Ended

Jun. 30, 2021

Discontinued Operations and Disposal Groups [Abstract]

Dispositions and Assets Held for SaleDuring the three months ended June 30, 2021, the Company disposed of two shopping centers and five partial shopping centers for aggregate net proceeds of $67.9 million resulting in aggregate gain of $32.6 million. In addition, during the three months ended June 30, 2021, the Company received aggregate net proceeds of less than $0.1 million from previously disposed assets resulting in aggregate gain of less than $0.1 million. During the six months ended June 30, 2021, the Company disposed of six shopping centers and nine partial shopping centers for aggregate net proceeds of $99.7 million resulting in aggregate gain of $38.3 million and aggregate impairment of

$1.5 million. In addition, during the six months ended June 30, 2021, the Company received aggregate net proceeds of less than $0.1 million from previously disposed assets resulting in aggregate gain of less than $0.1 million.

During the three months ended June 30, 2020, the Company disposed of two shopping centers for aggregate net proceeds of $5.2 million resulting in aggregate gain of $0.7 million. During the six months ended June 30, 2020, the Company disposed of five shopping centers and two partial shopping centers for aggregate net proceeds of $45.7 million resulting in aggregate gain of $8.2 million and aggregate impairment of less than $0.1 million. In addition, during the six months ended June 30, 2020, the Company received aggregate net proceeds of $0.9 million and resolved contingencies of $0.5 million from previously disposed assets resulting in aggregate gain of $1.4 million.

As of June 30, 2021, the Company did not have any properties held for sale. As of December 31, 2020, the Company had two properties and one partial property held for sale. The following table presents the assets and liabilities associated with the properties classified as held for sale:


Assets	June 30, 2021		December 31, 2020
Land	$	—	$	5,447
Buildings and improvements	—		16,481
Accumulated depreciation and amortization	—		(4,693)
Real estate, net	—		17,235
Other assets	—		779
Assets associated with real estate assets held for sale	$	—	$	18,014

There were no discontinued operations for the three and six months ended June 30, 2021 and 2020 as none of the dispositions represented a strategic shift in the Company’s business that would qualify as discontinued operations.