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Disposals and Discontinued Operations (Tables) | 9 Months Ended
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Sep. 30, 2014 | Sep. 30, 2013
Discontinued Operations and Disposal Groups [Abstract] |  |
Schedule of Dispositions | The following is a summary of the Company's 2014 dispositions:
|  |  |  |  |  |  |  | Sales Price |
Sales Date |  | Property |  | Property Type |  | Location |  | Gross |  | Net |  | Gain
2014 Activity: |  |  |  |  |  |  |  |  |  |  |  |
September |  | Pemberton Plaza (1) |  | Community Center |  | Vicksburg, MS |  | $ | 1,975 |  |  | $ | 1,886 |  |  | $ | — |
June |  | Foothills Plaza Expansion |  | Associated Center |  | Maryville, TN |  | 2,640 |  |  | 2,387 |  |  | 934 |
May |  | Lakeshore Mall (2) |  | Mall |  | Sebring, FL |  | 14,000 |  |  | 13,613 |  |  | — |
|  |  |  |  |  |  |  | $ | 18,615 |  |  | $ | 17,886 |  |  | $ | 934 |
(1) | The Company recognized a loss on impairment of real estate of $497 in the third quarter of 2014 when it adjusted the book value of Pemberton Plaza to its net sales price. The sale closed in September 2014.
(2) | The gross sales price of $14,000 consisted of a $10,000 promissory note and $4,000 in cash. See Note 8 for additional information about the note receivable. The Company recognized a loss on impairment of real estate of $5,100 in the first quarter of 2014 when it adjusted the book value of Lakeshore Mall to its estimated fair value of $13,780 based on a binding purchase agreement signed in April 2014. The sale closed in May 2014 and the Company recognized an impairment loss of $106 in the second quarter of 2014 as a result of additional closing costs.
| The following is a summary of the Company's 2013 dispositions:
|  |  |  |  |  |  |  | Sales Price |  | Gain/ (Loss)
Sales Date |  | Property |  | Property Type |  | Location |  | Gross |  | Net |
2013 Activity: |  |  |  |  |  |  |  |  |  |  |  |
August |  | Georgia Square & Georgia Square Plaza, Panama City Mall & The Shoppes at Panama City, RiverGate Mall and Village at RiverGate (1) |  | Mall & Associated Center |  | Athens, GA Panama City, FL Nashville, TN |  | $176,000 |  | $ | 171,977 |  |  | $ | — |
March |  | 1500 Sunday Drive |  | Office Building |  | Raleigh, NC |  | 8,300 |  |  | 7,862 |  |  | (549 | )
March |  | Peninsula I & II |  | Office Building |  | Newport News, VA |  | 5,250 |  |  | 5,121 |  |  | 598 |
January |  | Lake Point & SunTrust |  | Office Building |  | Greensboro, NC |  | 30,875 |  |  | 30,490 |  |  | 823 |
December 2008 |  | 706 & 708 Green Valley Road (2) |  | Office Building |  | Greensboro, NC |  |  |  |  |  | 281 |
|  | Various (3) |  |  |  |  |  |  |  |  |  | 9 |
|  |  |  |  |  |  |  | $ | 220,425 |  |  | $ | 215,450 |  |  | $ | 1,162 |
(1) | Net loss on impairment of $5,234 recorded in the third quarter of 2013 to write down the book value of six properties sold in a portfolio sale to the net sales price.
(2) | Recognition of gain deferred in December 2008 upon repayment of the notes receivable taken as part of the sales price consideration.
(3) | Reflects subsequent true-ups for settlement of estimated expenses based on actual amounts.

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- Definition Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1361-107760 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6892542&loc=d3e957-107759 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1510-107760 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1474-107760 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 45 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=8077374&loc=d3e2443-110228 + Details
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