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Investment in Unconsolidated Entities (Tables)
 6 Months Ended
Jun. 30, 2023
Equity Method Investments and Joint Ventures [Abstract]  
Schedule of Equity Method Investments
The following table reflects the real property disposed by IAGM since January 1, 2022.
DatePropertySquare FeetGross
Disposition Price		IAGM's
Gain (Loss) on Sale		The Company's Gain Deferral
March 3, 2022Price Plaza (a)206$39,100 $3,751 $— 
April 21, 2022
The Highlands of Flower Mound (b)
17538,000 1,244 684 
December 16, 2022
Stone Ridge Market (b)
21958,100 12,287 6,758 
December 22, 2022Stables Town Center (c)437,800 (244)— 
January 18, 2023
Bay Colony (b)
41679,100 22,327 12,280 
January 18, 2023
Blackhawk Town Center (b)
12726,300 12,632 6,948 
January 18, 2023
Cyfair Town Center (b)
43379,200 4,713 2,592 
January 18, 2023
Stables Town Center (b)
14837,000 5,536 3,045 
(a)The buyer assumed a $17,800 mortgage payable secured by the property.
(b)The Company purchased these properties at a purchase price determined by a third party real estate valuation specialist.
(c)IAGM disposed of 43 square feet out of a total 191 square feet through a partial sale of the property.
Schedule of Combined Financial Information of Investment in Unconsolidated Entities
The following table presents condensed balance sheet information for IAGM:
As of
June 30, 2023December 31, 2022
Assets:
Net investment properties$— $161,312 
Other assets10,708 65,565 
Total assets$10,708 $226,877 
Liabilities and equity:
Mortgages debt, net$— $92,186 
Other liabilities3,803 7,392 
Equity6,905 127,299 
Total liabilities and equity$10,708 $226,877 
Company's share of equity$3,753 $70,869 
Outside basis differences, net (a)— (14,738)
Carrying value of investments in unconsolidated entities$3,753 $56,131 
(a)The outside basis differences reflect 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 June 30Six months ended June 30
2023202220232022
Total income$— $6,604 $952 $14,983 
Depreciation and amortization— (2,519)(622)(5,424)
Property operating— (1,111)(232)(2,441)
Real estate taxes— (834)(127)(2,245)
Asset management fees— (220)(32)(471)
Interest expense, net— (899)(143)(2,058)
Other income and expense, net275 249 474 107 
(Loss) gain on debt extinguishment— (91)444 (202)
Gain on sale of real estate— 1,244 45,208 4,995 
Gain on sale of derivatives2,556 — 
Net income$275 $2,423 $48,478 $7,244 
Company's share of net income$149 $1,332 $26,661 $3,984 
Outside basis adjustments for IAGM's sales to the Company— (616)(27,175)(552)
Equity in (losses) earnings of unconsolidated entities$149 $716 $(514)$3,432