XML 43 R30.htm IDEA: XBRL DOCUMENT v3.24.3
DISPOSITIONS AND IMPAIRMENT CHARGES (Tables)
9 Months Ended
Sep. 30, 2024
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Property Dispositions
The Company closed on the following disposition during the nine months ended September 30, 2024 (dollars in thousands):
DateProperty NameMSAProperty TypeSquare
Footage
Sales PriceGain (Loss)
May 31, 2024Ashland & RooseveltChicagoMulti-tenant retail104,176 $30,600 $(1,234)
The Company closed on the following dispositions during the nine months ended September 30, 2023 (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 23,635 
September 11, 2023Reisterstown Road PlazaBaltimoreMulti-tenant retail376,683 48,250 (5,903)
534,855 $127,625 $22,468 
The following table presents the assets and liabilities associated with City Center, the investment property that remains classified as held for sale as of September 30, 2024 (in thousands):
September 30, 2024
Assets
Net investment properties$68,567 
Tenant and other receivables2,358 
Restricted cash and escrow deposits225 
Deferred costs, net2,638 
Prepaid and other assets869 
Assets associated with investment property held for sale$74,657 
Liabilities
Accounts payable and accrued expenses$461 
Deferred revenue and other liabilities3,296 
Liabilities associated with investment property held for sale$3,757