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DISPOSITIONS AND IMPAIRMENT CHARGES (Tables)
9 Months Ended
Sep. 30, 2025
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Property Dispositions
The Company closed on the following dispositions during the nine months ended September 30, 2025 (dollars in thousands):
DateProperty NameMSAProperty TypeSquare
Footage
Sales PriceGain (Loss)
April 4, 2025Stoney Creek CommonsIndianapolisMulti-tenant retail84,094 $9,500 $4,802 
June 25, 2025Fullerton MetrocenterLos AngelesMulti-tenant retail241,027 118,500 20,294 
June 27, 2025
Denton Crossing(1)
Dallas/Ft. WorthMulti-tenant retail343,345 81,593 35,626 
June 27, 2025
Parkway Towne Crossing(1)
Dallas/Ft. WorthMulti-tenant retail180,736 57,653 18,133 
June 27, 2025
The Landing at Tradition(1)
Port St. Lucie, FLMulti-tenant retail397,199 93,754 23,636 
July 21, 2025
Humblewood Shopping Center(2)
HoustonMulti-tenant retail85,682 18,250 5,890 
1,332,083 $379,250 $108,381 
(1)The Company has retained a 52% noncontrolling interest in this property.
(2)Disposition proceeds are temporarily restricted related to a potential Code Section 1031 tax-deferred exchange.
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 following table presents the assets and liabilities associated with City Center, the investment property classified as held for sale as of September 30, 2025 and December 31, 2024 (in thousands):
September 30, 2025December 31, 2024
Assets
Net investment properties$52,795 $68,991 
Tenant and other receivables2,764 1,760 
Restricted cash and escrow deposits225 225 
Deferred costs, net2,844 2,634 
Prepaid and other assets887 181 
Assets associated with investment property held for sale$59,515 $73,791 
Liabilities
Accounts payable and accrued expenses$891 $544 
Deferred revenue and other liabilities3,508 3,465 
Liabilities associated with investment property held for sale$4,399 $4,009