v3.7.0.1
Sale of Real Estate (Tables)
 6 Months Ended
Jun. 30, 2017
Real Estate [Abstract]  
Schedule of Sale of Real Estate

The Company closed on the following sales of real estate, none of which qualified as discontinued operations, during the three and six months ended June 30, 2017 and 2016:

 

 

 

For the three months ended

June 30,

 

 

For the six months ended

June 30,

 

(in thousands, except number of properties)

 

2017

 

 

2016

 

 

2017

 

 

2016

 

Number of properties disposed

 

 

5

 

 

 

1

 

 

 

6

 

 

 

2

 

Aggregate sale price

 

$

24,125

 

 

$

1,700

 

 

$

30,445

 

 

$

3,750

 

Aggregate carrying value

 

 

17,521

 

 

 

1,228

 

 

 

22,649

 

 

 

2,356

 

Additional sales expenses

 

 

1,127

 

 

 

130

 

 

 

1,516

 

 

 

288

 

Gain on sale of real estate

 

 

5,477

 

 

 

342

 

 

 

6,280

 

 

 

1,106