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Investment in Unconsolidated Entities (Tables)
 9 Months Ended
Sep. 30, 2022
Equity Method Investments and Joint Ventures [Abstract]  
Schedule of Equity Method Investments
The following table reflects the retail properties disposed by IAGM since January 1, 2021.
DatePropertyMetropolitan AreaSquare FeetGross
Disposition Price		Gain on Sale
July 12, 2021Prestonwood Town Center (a)Dallas, TX233$52,800 $12,428 
September 3, 2021
Westover Marketplace
San Antonio, TX24328,775 399 
December 1, 2021
South Frisco Village
Frisco, TX22732,600 5,467 
March 3, 2022Price Plaza (b)Houston, TX20639,100 3,751 
April 21, 2022
The Highlands of Flower Mound (c)
Dallas, TX17538,000 1,244 
(a)The Company purchased Prestonwood Town Center from IAGM at a purchase price determined by a third party real estate valuation specialist. The Company deferred its share of IAGM's gain on sale of $6,835 and began amortizing it over 30 years as an increase to equity in earnings of unconsolidated entities.
(b)The buyer assumed a $17,800 mortgage payable secured by the property.
(c)The Company purchased The Highlands of Flower Mound from IAGM at a purchase price determined by a third party real estate valuation specialist. The Company deferred its share of IAGM's gain on sale of $684 and began amortizing it over 30 years as an increase to equity in earnings of unconsolidated entities.
Schedule of Combined Financial Information of Investment in Unconsolidated Entities
The following table presents condensed balance sheet information for IAGM:
As of
September 30, 2022December 31, 2021
Assets:
Net investment properties$213,354 $288,014 
Other assets36,190 98,696 
Total assets$249,544 $386,710 
Liabilities and equity:
Mortgages debt, net$125,635 $165,831 
Other liabilities8,125 12,409 
Equity115,784 208,470 
Total liabilities and equity$249,544 $386,710 
Company's share of equity$64,540 $115,513 
Outside basis difference, net (a)(8,050)(7,569)
Carrying value of investments in unconsolidated entities$56,490 $107,944 
(a)The outside basis difference reflects unamortized deferred gains on historical property sales from IAGM to the Company.

The following table presents condensed income statement information of IAGM:
Three months ended September 30Nine months ended September 30
2022202120222021
Total income$6,518 $10,184 $21,501 $33,034 
Depreciation and amortization(2,428)(3,648)(7,852)(11,205)
Property operating(1,363)(1,586)(3,804)(5,715)
Real estate taxes(929)(1,722)(3,174)(6,392)
Asset management fees(215)(292)(686)(859)
Interest expense, net(929)(1,254)(2,987)(4,415)
Other income and expense, net(142)(79)(35)(324)
Loss on debt extinguishment— (215)(202)(229)
Gain on sale of real estate— 12,827 4,995 12,827 
Net income$512 $14,215 $7,756 $16,722 
Company's share of net income$281 $7,817 $4,265 $9,197 
Outside basis adjustment for investee's sale of real estate, net71 (6,771)(481)(6,756)
Equity in earnings of unconsolidated entities$352 $1,046 $3,784 $2,441