Disposed Properties (Tables)

9 Months Ended

Sep. 30, 2019

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Disposal Groups, Not Discontinued Operations, Disposal Activity

The following table reflects the retail properties disposed of during the nine months ended September 30, 2019:



Disposition Date	Property	Square Feet	Gross Disposition Price		Gain (loss) on sale of investment properties, net			Loss on extinguishment of debt
April 3, 2019	Brooks Corner	173,000	$	26,300	$	5,531		$	(809	)
May 31, 2019	Silverlake	101,000	6,650		131			—
August 15, 2019	Promenade Fultondale	207,600	23,200		1,861			—
August 21, 2019	Crossroads at Chesapeake Square and Chesapeake Commons	198,700	23,100		1,353			—
September 10, 2019	West Creek	53,300	18,700		5,962			—
September 13, 2019	Boynton Commons	210,300	50,000		18,405			—
September 25, 2019	Quebec Square	207,600	42,250		(800		)	(2,092		)
		1,151,500	$	190,200	$	32,443		$	(2,901	)

In aggregate, the Company recognized net proceeds of $183,588 from the sales of these properties on the condensed consolidated statement of cash flows during the nine months ended September 30, 2019.

The following table reflects the retail properties disposed of during the nine months ended September 30, 2018:



Disposition Date	Property	Square Feet	Gross Disposition Price		Gain (loss) on sale and transfer of investment properties, net			Gain (loss) on extinguishment of debt, net (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 retained retail property resulting in a loss on debt extinguishment of $4.