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DISPOSITIONS | 12 Months Ended
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Dec. 31, 2022
Discontinued Operations and Disposal Groups [Abstract] |
DISPOSITIONS | DISPOSITIONS The Company closed on the following dispositions during the years ended December 31, 2022, 2021 and 2020 (dollars in thousands):
Date |  | Property Name |  | MSA |  | Property Type |  | Square Footage |  | Sales Price |  | Gain (Loss)
January 26, 2022 |  | Hamilton Crossing Centre |  | Indianapolis |  | Redevelopment |  | — |  |  | $ | 6,900 |  |  | $ | 3,168 |
June 16, 2022 |  | Plaza Del Lago |  | Chicago |  | Multi-tenant retail(1) |  | 100,016 |  |  | 58,650 |  |  | 23,958 |
October 27, 2022 |  | Lincoln Plaza – Lowe’s |  | Worcester, MA |  | Ground lease interest(2) |  | — |  |  | 10,000 |  |  | (57) |
|  |  |  |  |  |  |  | 100,016 |  |  | $ | 75,550 |  |  | $ | 27,069 |
October 26, 2021 |  | Westside Market |  | Dallas/Ft. Worth |  | Multi-tenant retail |  | 93,377 |  |  | $ | 24,775 |  |  | $ | 4,323 |
July 30, 2020 |  | Courthouse Shadows |  | Naples, FL |  | Redevelopment |  | — |  |  | $ | 14,000 |  |  | $ | 3,057 |
(1)Plaza Del Lago also contains 8,800 square feet of residential space comprised of 18 multifamily rental units. (2)The Company sold the ground lease interest in one tenant at an existing multi-tenant operating retail property. The total number of properties in our portfolio was not affected by this transaction. During the year ended December 31, 2021, the Company also sold 17 ground leases for gross proceeds of $42.0 million and a net gain on sale of $27.6 million. A portion of the proceeds was used to pay down our unsecured revolving line of credit. There were no discontinued operations for the years ended December 31, 2022, 2021 and 2020 as none of the dispositions represented a strategic shift that has had, or will have, a material effect on our operations or financial results.

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- Definition The entire disclosure related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI https://asc.fasb.org/topic&trid=2155823 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -URI https://asc.fasb.org/subtopic&trid=2122178 + Details
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