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DISPOSITIONS AND IMPAIRMENT CHARGES (Tables)
 12 Months Ended
Dec. 31, 2024
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Property Dispositions
The Company closed on the following dispositions during the years ended December 31, 2024, 2023 and 2022 (dollars in thousands):
DateProperty NameMSAProperty TypeSquare
Footage		Sales PriceGain (Loss)
2024
May 31, 2024Ashland & RooseveltChicagoMulti-tenant retail104,176 $30,600 $(1,234)
2023
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 PlazaBaltimoreMulti-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 
2022
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 
(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 contained 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.
The following table presents the assets and liabilities associated with City Center, the investment property that remains classified as held for sale as of December 31, 2024 (in thousands):
December 31, 2024
Assets
Net investment properties$68,991 
Tenant and other receivables1,760 
Restricted cash and escrow deposits225 
Deferred costs, net2,634 
Prepaid and other assets181 
Assets associated with investment property held for sale$73,791 
Liabilities
Accounts payable and accrued expenses$544 
Deferred revenue and other liabilities3,465 
Liabilities associated with investment property held for sale$4,009