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Disposed Properties (Tables) | 9 Months Ended
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Sep. 30, 2018
Discontinued Operations and Disposal Groups [Abstract] |
Schedule of Disposal Groups, Not Discontinued Operations, Disposal Activity | The following retail properties were disposed of during the nine months ended September 30, 2018:
Date |  | Property |  | Square Feet |  | Gross Disposition Price |  | Gain (Loss) on Sale of Investment Properties, net |  | Gain (Loss) on Extinguishment of Debt (d)
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 | )
September 14, 2018 |  | Tulsa Hills |  | 473,000 |  |  | 70,000 |  |  | 13,476 |  |  | — |
|  |  |  | 2,232,000 |  |  | $ | 282,950 |  |  | $ | 51,741 |  |  | $ | 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 and recognized a gain on transfer of assets, net, of $1,777. 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 this 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. The Company is not aware of any material outstanding commitments and contingencies related to Bellerive Plaza.
(d) | In addition to the gain or loss recognized as a result of the disposition of retail properties, the Company extinguished an additional loan on a retail property resulting in a loss on debt extinguishment of $4.
In aggregate, the Company recognized net proceeds of $254,424 from the sales, surrender, and condemnation of these properties on the condensed consolidated statement of cash flows during the nine months ended September 30, 2018. The following retail properties were disposed of during the nine months ended September 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 |  |  | — |
July 31, 2017 |  | Pavilions at Hartman Heritage |  | 223,000 |  |  | 21,700 |  |  | (1,708 | ) |  | — |
July 31, 2017 |  | Legacy Crossing |  | 134,000 |  |  | 10,250 |  |  | (211 | ) |  | (1 | )
September 28, 2017 |  | Heritage Plaza |  | 132,000 |  |  | 21,350 |  |  | 9,172 |  |  | (41 | )
|  |  |  | 1,250,000 |  |  | $ | 152,630 |  |  | $ | 21,634 |  |  | $ | 840 |
(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 and recognized a loss on transfer of assets, net, of $53. 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 this retail property.
Disposal Groups, Including Discontinued Operations |
| Three months ended September 30, 2017 |  | Nine months ended September 30, 2017
Total income | $ | 844 |  |  | $ | 3,855 |
Less: |  |  |
Depreciation and amortization expense | 301 |  |  | 1,205 |
General and administrative, property operating, and real estate tax expenses | 492 |  |  | 2,398 |
Operating income from discontinued operations | 51 |  |  | 252 |
Interest expense, income taxes, and other miscellaneous expenses | (443 | ) |  | (1,993 | )
Gain on sale of properties, net | 10,115 |  |  | 10,115 |
Loss on extinguishment of debt | (2 | ) |  | (2 | )
Net income from discontinued operations | $ | 9,721 |  |  | $ | 8,372 |
Net income per common share, from discontinued operations, basic and diluted | $ | 0.01 |  |  | $ | 0.01 |
Weighted average number of common shares outstanding, basic and diluted | 773,517,492 |  |  | 773,405,710 |
The Company has disposed of the following power center retail properties subsequent to September 30, 2018:
Date |  | Property |  | MSA |  | Square Feet |  | Gross Disposition Price
October 5, 2018 |  | McKinney Town Center |  | Dallas-Fort Worth-Arlington, TX |  | 243,000 |  |  | $ | 51,000 |
October 5, 2018 |  | Riverstone |  | Houston-The Woodlands-Sugar Land, TX |  | 273,000 |  |  | 27,750 |
October 23, 2018 |  | Hiram Pavilion |  | Atlanta–Sandy Springs–Roswell, GA |  | 363,000 |  |  | 44,350 |
|  |  |  |  |  | 879,000 |  |  | $ | 123,100 |

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