Disposed Properties

Continuing operations

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.

In aggregate, the Company recognized net proceeds of $197,843 from the sales, surrender, and condemnation of these properties on the condensed consolidated statement of cash flows during the nine months ended September 30, 2017.

Discontinued operations

On August 30, 2017, the Company sold its remaining non-core office property, Worldgate Plaza, for a gross disposition price of $53,500. This disposition 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 income for the three and nine months ended September 30, 2017 to reflect the operations of Worldgate Plaza.



	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