v3.8.0.1
Sale of Real Estate
12 Months Ended
Dec. 31, 2017
Real Estate [Abstract]  
Sale of Real Estate

5. Sale of Real Estate

The Company closed on the following sales of real estate, none of which qualified as discontinued operations, during the years ended December 31, 2017, 2016, and 2015.

 

 

 

For the years ended December 31,

 

(in thousands, except number of properties)

 

2017

 

 

2016

 

 

2015

 

Number of properties disposed

 

 

13

 

 

 

9

 

 

6

 

Aggregate sale price

 

$

66,532

 

 

$

39,500

 

 

$

19,455

 

Aggregate carrying value

 

 

50,339

 

 

 

32,665

 

 

 

18,672

 

Additional sales expenses

 

 

3,201

 

 

 

910

 

 

 

1,496

 

Gain (loss) on sale of real estate

 

 

12,992

 

 

 

5,925

 

 

 

(713

)

 

The Company provided seller financing of $3,700 in connection with one of the 2016 sales (see Note 8).