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Disposed Properties | 6 Months Ended
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Jun. 30, 2018
Discontinued Operations and Disposal Groups [Abstract] |
Disposed Properties | Disposed Properties Continuing operations The following retail properties were disposed of during the six months ended June 30, 2018:
Date |  | Property |  | Square Feet |  | Gross Disposition Price |  | Gain (Loss) on Sale of Investment Properties, net |  | Gain (Loss) on Extinguishment of Debt
January 9, 2018 |  | Sherman Town Center I & II |  | 485,000 |  |  | $ | 63,000 |  |  | $ | 12,382 |  |  | $ | — |
January 25, 2018 |  | Grafton Commons |  | 239,000 |  |  | 33,500 |  |  | 6,564 |  |  | — |
March 8, 2018 |  | Lakeport Commons |  | 283,000 |  |  | 31,000 |  |  | (666 | ) |  | — |
March 21, 2018 |  | Stonecrest Marketplace (a) |  | 265,000 |  |  | — |  |  | 1,777 |  |  | 10,752 |
March 31, 2018 |  | Northwest Marketplace (b) |  | — |  |  | — |  |  | 248 |  |  | — |
April 17, 2018 |  | Market at Morse/Hamilton |  | 45,000 |  |  | 10,000 |  |  | 1,592 |  |  | — |
May 24, 2018 |  | Siegen Plaza |  | 156,000 |  |  | 29,000 |  |  | 3,849 |  |  | (54 | )
June 20, 2018 |  | Tomball Town Center |  | 67,000 |  |  | 22,750 |  |  | 7,184 |  |  | — |
June 26, 2018 |  | Bellerive Plaza (c) |  | 76,000 |  |  | — |  |  | (22 | ) |  | 1,694 |
June 28, 2018 |  | Parkway Centre North |  | 143,000 |  |  | 23,700 |  |  | 5,357 |  |  | (1,695 | )
|  |  |  | 1,759,000 |  |  | $ | 212,950 |  |  | $ | 38,265 |  |  | $ | 10,697 |
(a) | On March 21, 2018, the Company surrendered Stonecrest Marketplace, with a carrying value of $23,932, to the lender in satisfaction of non-recourse debt with an initial maturity date of March 1, 2017. The Company recognized a gain on transfer of assets, net, of $1,777 related to this transaction as part of income from continuing operations for the six months ended June 30, 2018. The Company is not aware of any material outstanding commitments and contingencies related to Stonecrest Marketplace.
(b) | The Company recognized a gain on sale of $248 related to the completion of a partial condemnation at a retail property.
(c) | On June 26, 2018, the Company surrendered Bellerive Plaza, with a carrying value of $4,771, to the lender in satisfaction of non-recourse debt with an initial maturity date of June 1, 2017. The Company recognized a loss on transfer of assets, net, of $22 related to this transaction as part of income from continuing operations for the three and six months ended June 30, 2018. The Company is not aware of any material outstanding commitments and contingencies related to Bellerive Plaza.
In aggregate, the Company recognized net proceeds of $186,778 from the sales, surrender, and condemnation of these properties on the condensed consolidated statement of cash flows during the six months ended June 30, 2018. The following retail properties were disposed of during the six months ended June 30, 2017:
Date |  | Property |  | Square Feet |  | Gross Disposition Price |  | Gain (Loss) on Sale of Investment Properties, net |  | Gain (Loss) on Extinguishment of Debt
January 10, 2017 |  | Penn Park |  | 242,000 |  |  | $ | 29,050 |  |  | $ | 1,021 |  |  | $ | — |
May 17, 2017 |  | Intech Retail (a) |  | 19,000 |  |  | — |  |  | (53 | ) |  | 882 |
May 19, 2017 |  | Sparks Crossing |  | 336,000 |  |  | 40,280 |  |  | 10,584 |  |  | — |
June 23, 2017 |  | Lincoln Village |  | 164,000 |  |  | 30,000 |  |  | 2,355 |  |  | — |
June 30, 2017 |  | Market at Westlake (b) |  | — |  |  | — |  |  | 474 |  |  | — |
|  |  |  | 761,000 |  |  | $ | 99,330 |  |  | $ | 14,381 |  |  | $ | 882 |
(a) | On May 17, 2017, the Company surrendered Intech Retail, with a carrying value of $2,338, to the lender in satisfaction of non-recourse debt with an initial maturity date of November 1, 2016. The Company recognized a loss on transfer of assets, net, of $53 related to this transaction as part of income from continuing operations for the three and six months ended June 30, 2017. The Company is not aware of any material outstanding commitments and contingencies related to Intech Retail.
(b) | The Company recognized a gain on sale of $474 related to the completion of a partial condemnation at a this retail property.
In aggregate the Company recognized net proceeds of $96,468 from the sales, surrender, and condemnation of these properties on the condensed consolidated statement of cash flows during the six months ended June 30, 2017. Discontinued operations On August 30, 2017 the Company sold its remaining non-core office property, Worldgate Plaza, which represented the conclusion of the Company's strategic shift away from a diversified portfolio of commercial real estate assets not classified as multi-tenant retail. Certain reclassifications were made to discontinued operations on the condensed consolidated statement of operations and comprehensive loss for the three and six months ended June 30, 2017 reflect the operations of Worldgate Plaza.
| Three months ended June 30, 2017 |  | Six months ended June 30, 2017
Total income | $ | 1,205 |  |  | $ | 3,011 |
Less: |  |  |
Depreciation and amortization expense | 456 |  |  | 904 |
General and administrative, property operating, and real estate tax expenses | 823 |  |  | 1,906 |
Operating (loss) income from discontinued operations | (74 | ) |  | 201 |
Interest expense, income taxes, and other miscellaneous expenses | (807 | ) |  | (1,655 | )
Net loss from discontinued operations | $ | (881 | ) |  | $ | (1,454 | )
Net loss per common share, from discontinued operations, basic and diluted | $ | 0.00 |  |  | $ | 0.00 |
Weighted average number of common shares outstanding, basic and diluted | 773,381,165 |  |  | 773,348,893 |

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- Definition The entire disclosure related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI http://asc.fasb.org/topic&trid=2155823 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=2122178 + Details
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