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Dispositions and Held for Sale
9 Months Ended
Sep. 30, 2022
Discontinued Operations And Disposal Groups [Abstract]  
Dispositions and Held for Sale

Note 7 – Dispositions and Held for Sale

Dispositions

Based on its analysis, the Company determined that the dispositions described below do not meet the criteria for classification as discontinued operations and are not considered to be significant disposals based on its quantitative and qualitative evaluation. Thus, the results of operations of the properties described below, as well as any related gains or losses, are included in net loss for all periods presented, as applicable.

2022 Dispositions

During the nine months ended September 30, 2022, the Successor Company deconsolidated Greenbrier Mall. For the three and nine months ended September 30, 2022, the Successor Company realized a gain of $3,528 and $3,547, respectively, primarily related to the sale of three outparcels. During the nine months ended September 30, 2022, the Successor Company sold an outparcel that resulted in a loss on sale. See Note 5 for additional information.

2021 Dispositions

The Predecessor Company realized a gain of $8,684 related to the sale of two anchors and three outparcels, during the three months ended September 30, 2021; and realized a gain of $8,492 primarily related to the sale of three anchors and three outparcels during the nine months ended September 30, 2021.

Held for Sale

2021 Held for Sale Analysis

In the third quarter of 2021, the Predecessor Company determined that the Residences at Pearland Town Center met the criteria to be classified as a held for sale ("HFS"). The sale closed on October 1, 2021 and generated gross proceeds of $8,750. The sale did not qualify as discontinued operations.