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Dispositions and Held for Sale | 12 Months Ended
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Dec. 31, 2024
Discontinued Operations and Disposal Groups [Abstract] |
Dispositions and Held for Sale | NO TE 6. DISPOSITIONS AND HELD FOR SALE 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 gain or loss, are included in net income (loss) for all periods presented, as applicable. 2024 Dispositions For the year ended December 31, 2024, the Company realized a gain of $16,676 primarily related to the sales of Layton Hills Mall, Layton Hills Convenience Center, Layton Hills Plaza, 10 outparcels, of which 9 outparcels were associated with the Layton Hills properties, two land parcels and an anchor parcel. In addition, the Company recorded a loss on impairment related to two outparcels that were sold at less than carrying value. See Note 15 for more information. For the year ended December 31, 2024, gross proceeds from sales of real estate assets were $81,733. The proceeds were primarily used to paydown the secured term loan and the open-air centers and outparcels loan. See Note 8 for more information. 2023 Dispositions For the year ended December 31, 2023, the Company realized a gain of $5,125 primarily related to the sale of eight land parcels. Gross proceeds from sales of real estate assets were $10,325. 2022 Dispositions For the year ended December 31, 2022, the Company realized a gain of $5,345, primarily related to the sale of five outparcels. Gross proceeds from sales of real estate assets were $11,490 for the year ended December 31, 2022. During the year ended December 31, 2022, the Company sold an outparcel that resulted in a loss on sale of $252. See Note 15 for additional information. Held-for-Sale The following properties were classified as held-for-sale as of December 31, 2024:
Property |  | Location |  | Property Type |  | Total Assets |  |  | Total Liabilities (1) |
Monroeville Mall (2) |  | Pittsburgh, PA |  | Mall |  | $ | 30,189 |  |  | $ | 4,306 |
Annex at Monroeville (2) |  | Pittsburgh, PA |  | Open-Air Center |  |  | 3,075 |  |  |  | 218 |
Imperial Valley (2) |  | El Centro, CA |  | Mall |  |  | 22,811 |  |  |  | 1,286 |
Total |  |  |  |  |  | $ | 56,075 |  |  | $ | 5,810 |
(1) Included within accounts payable and accrued liabilities on the consolidated balance sheets. (2) Subsequent to December 31, 2024, the property was sold. See Note 18 for more information. As of December 31, 2023, there were no properties that met the criteria to be considered held-for-sale.

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- Definition The entire disclosure related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/205-20/tableOfContent Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/360/tableOfContent + Details
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