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Sale of Properties (Tables)
 9 Months Ended
Sep. 30, 2017
Sale of Properties  
Schedule of sale of real estate property

 

The following chart details the Company’s sales of real estate during the nine months ended September  30, 2017 and 2016 (amounts in thousands):

 

Description of Property

 

Date Sold

 

Gross
Sales Price

 

Gain on Sale of
Real Estate, Net

 

Retail property,

 

 

 

 

 

 

 

Greenwood Village, Colorado

 

May 8, 2017

 

$
9,500

 

$
6,568

 

Retail property,

 

 

 

 

 

 

 

Kansas City, Missouri (a)

 

July 14, 2017

 
10,250

 
2,180

 

Retail property,

 

 

 

 

 

 

 

Niles, Illinois

 

August 31, 2017

 
5,000

 
1,089

 

 

 

 

 

 

 

 

 

Totals — nine months ended September 30, 2017

 

 

 

$
24,750

 

$
9,837

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Portfolio of eight retail properties,

 

 

 

 

 

 

 

Louisiana and Mississippi

 

February 1, 2016

 

$
13,750

 

$
787

 

Retail property,

 

 

 

 

 

 

 

Killeen, Texas

 

May 19, 2016

 
3,100

 
980

 

Land,

 

 

 

 

 

 

 

Sandy Springs, Georgia

 

June 15, 2016

 
8,808

 
2,281

 

Industrial property,

 

 

 

 

 

 

 

Tomlinson, Pennsylvania

 

June 30, 2016

 
14,800

 
5,660

 

Partial condemnation of land,

 

 

 

 

 

 

 

Greenwood Village, Colorado

 

July 5, 2016

 
153

 
116

 

 

 

 

 

 

 

 

 

Totals — nine months ended September 30, 2016

 

 

 

$
40,611

 

$
9,824

 

 

 

 

 

 

 

 

 

 

 

 

(a)

See Note 14 for information on the payoff of the mortgage on this property and the early termination of the interest rate swap derivative.