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SALES OF PROPERTIES AND IMPAIRMENT LOSS (Tables)
12 Months Ended
Dec. 31, 2017
SALES OF PROPERTIES AND IMPAIRMENT LOSS  
Schedule of sale of real estate property

        The following chart details the Company's sales of real estate during 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

 

Restaurant property,

 

 

 

 

 

 

 

 

 

Ann Arbor, Michigan(a)(b)

 

November 14, 2017

 

 

2,300

 

 

 

​  

​  

​  

​  

Totals for 2017

 

 

 

$

27,050

 

$

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

 

 

8,858

 

 

2,331

 

Industrial property,

 

 

 

 

 

 

 

 

 

Tomlinson, Pennsylvania

 

June 30, 2016

 

 

14,800

 

 

5,660

 

Retail property,

 

 

 

 

 

 

 

 

 

Island Park, NY

 

December 22, 2016

 

 

2,702

 

 

213

 

​  

​  

​  

​  

 

 

 

 

 

43,210

 

 

9,971

 

Partial condemnation of land,

 

 

 

 

 

 

 

 

 

Greenwood Village, Colorado(c)

 

July 5, 2016

 

 

153

 

 

116

 

​  

​  

​  

​  

Totals for 2016

 

 

 

$

43,363

 

$

10,087

 

​  

​  

​  

​  

​  

​  

​  

​  


 

 

 

 

(a)          

See Note 11 for information on the payoff of the mortgage on this property and the early termination of the interest rate swap derivative.

(b)          

See "—Impairment Loss" for additional information.

(c)          

Represents amount received from the Colorado Department of Transportation ("CDOT"), as a result of a partial condemnation of land and easements obtained by CDOT.