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DISPOSITIONS (Tables) | 12 Months Ended
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Dec. 31, 2021
Discontinued Operations And Disposal Groups [Abstract] |
Schedule of Dispositions | The Predecessor Company recognized a gain on extinguishment of debt for the properties listed below, which represented the amount by which the outstanding debt balance exceeded the net book value of the property as of the date title to the property was transferred to the mortgage holder in satisfaction of the non-recourse debt secured by the property.
Sales Date |  | Property |  | Property Type |  | Location |  | Balance of Non-recourse Debt |  |  | Gain on Extinguishment of Debt |
August |  | Hickory Point Mall |  | Malls |  | Forsyth, IL |  | $ | 27,446 |  |  | $ | 15,446 |
December |  | Burnsville Center |  | Malls |  | Burnsville, MN |  |  | 64,233 |  |  |  | 17,075 |
|  |  |  |  |  |  |  | $ | 91,679 |  |  | $ | 32,521 |
The following is a summary of the Predecessor Company's 2019 dispositions:
|  |  |  |  |  |  |  | Sales Price |  |  |  |  |
Sales Date |  | Property |  | Property Type |  | Location |  | Gross |  |  | Net |  |  | Gain |
January |  | Cary Towne Center (1) |  | Malls |  | Cary, NC |  | $ | 31,500 |  |  | $ | 31,068 |  |  | $ | — |
April |  | Honey Creek Mall (2) |  | Malls |  | Terre Haute, IN |  |  | 14,600 |  |  |  | 14,360 |  |  |  | — |
April |  | The Shoppes at Hickory Point |  | Malls |  | Forsyth, IL |  |  | 2,508 |  |  |  | 2,407 |  |  |  | 1,326 |
June |  | Courtyard by Marriott at Pearland Town Center |  | All Other |  | Pearland, TX |  |  | 15,100 |  |  |  | 14,795 |  |  |  | 1,910 |
July |  | 850 Greenbrier Circle |  | All Other |  | Chesapeake, VA |  |  | 10,500 |  |  |  | 10,332 |  |  |  | 96 |
July |  | Kroger at Foothills Plaza |  | All Other |  | Maryville, TN |  |  | 2,350 |  |  |  | 2,267 |  |  |  | 1,139 |
July |  | The Forum at Grandview (3) |  | All Other |  | Madison, MS |  |  | 31,750 |  |  |  | 31,606 |  |  |  | 47 |
July |  | Barnes & Noble parcel |  | All Other |  | High Point, NC |  |  | 2,000 |  |  |  | 1,899 |  |  |  | 821 |
September |  | Dick's Sporting Goods at Hanes Mall |  | All Other |  | Winston-Salem, NC |  |  | 10,000 |  |  |  | 9,649 |  |  |  | 2,907 |
|  |  |  |  |  |  |  | $ | 120,308 |  |  | $ | 118,383 |  |  | $ | 8,246 |
(1) | See below for more information regarding the sale of Cary Towne Center.
(2) | The Predecessor Company recognized a loss on impairment of $2,284 when it adjusted the book value of the mall to the net sales price based on a signed contract with a third-party buyer. See Note 17 for additional information.
(3) | The Predecessor Company recognized a loss on impairment of $8,582 in June 2019 when it adjusted the book value to the net sales price based on a signed contract with a third-party buyer, adjusted to reflect the estimated disposition costs. See Note 17 for additional information.
The Predecessor Company recognized a gain on extinguishment of debt for the properties listed below, which represented the amount by which the outstanding debt balances exceeded the net book value of the property as of the transfer date.
Sale/Transfer Date |  | Property |  | Property Type |  | Location |  | Balance of Non-recourse Debt |  |  | Gain on Extinguishment of Debt |
January |  | Acadiana Mall (1) |  | Malls |  | Lafayette, LA |  | $ | 119,760 |  |  | $ | 61,795 |
January |  | Cary Towne Center (2) |  | Malls |  | Cary, NC |  |  | 43,716 |  |  |  | 9,927 |
|  |  |  |  |  |  |  | $ | 163,476 |  |  | $ | 71,722 |
(1) | The Predecessor Company transferred title to the mall to the mortgage holder in satisfaction of the non-recourse debt secured by the property.
(2)The Predecessor Company sold the mall for $31,500 and the net proceeds from the sale were used to satisfy a portion of the loan secured by the mall. The remaining principal balance was forgiven.

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