XML 42 R31.htm IDEA: XBRL DOCUMENT v3.10.0.1
Sales of Properties (Tables)
9 Months Ended
Sep. 30, 2018
Sales 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, 2018 and 2017 (amounts in thousands):

 

 

 

 

 

 

 

 

 

 

 

    

 

    

Gross

    

Gain on Sale of Real 

 

Description of Property

    

Date Sold

    

Sales Price    

    

Estate, Net

 

Retail property,

 

  

 

 

  

 

 

  

 

Fort Bend, Texas (a)

 

January 30, 2018

 

$

9,200

 

$

2,408

 

Land, 

 

 

 

 

  

 

 

  

 

Lakemoor, Illinois 

 

September 14, 2018

 

 

8,459

 

 

4,585

(b)

Totals – nine months ended September 30, 2018

 

 

 

$

17,659

 

$

6,993

 

 

 

 

 

 

 

 

 

 

 

Retail property,  

 

 

 

 

 

 

 

  

 

Greenwood Village, Colorado

 

May 8, 2017

 

$

9,500

 

$

6,568

 

Retail property,

 

 

 

 

  

 

 

  

 

Kansas City, Missouri (c)

 

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

 

 

(a)

This property was owned by a consolidated joint venture in which the Company held an 85% interest. The non-controlling interest’s share of the gain was $776.

(b)

Includes $5,717, representing the unamortized balance of a $5,906 fixed rent payment which was received and recorded as deferred income in November 2017 and was to be included in rental income over the term of the lease.

(c)

See Note 15 for information on the early termination of the interest rate swap derivative associated with the mortgage that was paid off on this property.