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DISPOSITIONS AND IMPAIRMENT CHARGES
 12 Months Ended
Dec. 31, 2023
Discontinued Operations and Disposal Groups [Abstract]  
DISPOSITIONS AND IMPAIRMENT CHARGES DISPOSITIONS AND IMPAIRMENT CHARGES
The Company closed on the following dispositions during the years ended December 31, 2023, 2022 and 2021 (dollars in thousands):
DateProperty NameMSAProperty TypeSquare
Footage		Sales PriceGain (Loss)
May 8, 2023Kingwood CommonsHoustonMulti-tenant retail158,172 $27,350 $4,736 
June 8, 2023Pan Am Plaza & GarageIndianapolisLand & garage— 52,025 23,638 
September 11, 2023Reisterstown Road PlazaDallas/Ft. WorthMulti-tenant retail & office376,683 48,250 (5,773)
October 24, 2023EastsideDallas/Ft. WorthMulti-tenant retail & office43,640 14,425 — 
578,495 $142,050 $22,601 
January 26, 2022Hamilton Crossing CentreIndianapolis
Redevelopment(1)
— $6,900 $3,168 
June 16, 2022Plaza Del LagoChicago
Multi-tenant retail(2)
100,016 58,650 23,958 
October 27, 2022Lincoln Plaza – Lowe’sWorcester, MA
Ground lease interest(3)
— 10,000 (57)
100,016 $75,550 $27,069 
October 26, 2021Westside MarketDallas/Ft. WorthMulti-tenant retail93,377 $24,775 $4,323 
(1)The Company sold a portion of the redevelopment at Hamilton Crossing Centre. The total number of properties in our portfolio was not affected by this transaction.
(2)Plaza Del Lago also contains 8,800 square feet of residential space comprised of 18 multifamily rental units.
(3)The Company sold the ground lease interest in one tenant at Lincoln Plaza, 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, 2023, the Company recorded a $0.5 million impairment charge in connection with the sale of Eastside, a 43,640 square foot multi-tenant retail property in the Dallas/Ft. Worth MSA, as a result of a change in the expected hold period. The Company recorded the asset at the lower of cost or fair value less estimated costs to sell, which was approximately $14.1 million. The estimated fair value of Eastside was based upon the expected sales price from an executed sales contract and determined to be a Level 3 input within the fair value hierarchy. Eastside was sold on October 24, 2023 for a gross sales price of $14.4 million.
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, 2023, 2022 and 2021 as none of the dispositions represented a strategic shift that has had, or will have, a material effect on our operations or financial results.