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Disposals of Properties and Assets Held for Sale
9 Months Ended
Sep. 30, 2021
Discontinued Operations and Disposal Groups [Abstract]  
Disposals of Properties and Assets Held for Sale Disposals of Properties and Assets Held for Sale
 
During the nine months ended September 30, 2021, the Company sold seventeen ground leases for gross proceeds of $42 million and a net gain of $27.6 million. A portion of the proceeds was utilized to pay down our Credit Facility.

There were no operating properties sold during the nine months ended September 30, 2021.

As of September 30, 2021, the Company has classified its Westside Market operating property as held for sale. The property was sold in October 2021 at a sales price that exceeds its carrying value.