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SALES OF PROPERTIES (Tables) | 12 Months Ended
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Dec. 31, 2019
SALES OF PROPERTIES |
Schedule of sales of real estate | The following chart details the Company’s sales of real estate during 2019, 2018 and 2017 (amounts in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ |  | ​ | ​ |  | ​ | ​
​ | ​ | ​ | ​ | Gross | ​ | Gain (Loss) on Sale of | ​
Description of Property | ​ | Date Sold | ​ | Sales Price | ​ | Real Estate, Net | ​
Kmart retail property, | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Clemmons, North Carolina | ​ | June 20, 2019 | ​ | $ | 5,500 | ​ | $ | 1,099 | (a)
Multi-tenant retail property, | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Athens, Georgia | ​ | August 23, 2019 | ​ | ​ | 6,050 | ​ | ​ | 1,045 | (b)
Land - The Briarbrook Village Apartments, | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Wheaton, Illinois | ​ | August 29, 2019 | ​ | ​ | 12,066 | ​ | ​ | 1,530 | ​
Aaron's retail property, | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Houston, Texas | ​ | October 21, 2019 | ​ | ​ | 1,675 | ​ | ​ | 218 | ​
Assisted living facility, | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Round Rock, Texas | ​ | December 10, 2019 | ​ | ​ | 16,600 | ​ | ​ | 435 | (c)
Totals for 2019 | ​ | ​ | ​ | $ | 41,891 | ​ | $ | 4,327 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Multi-tenant retail property, | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Fort Bend, Texas | ​ | January 30, 2018 | ​ | $ | 9,200 | ​ | $ | 2,408 | (d)
Land - The Meadows Apartments, | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Lakemoor, Illinois | ​ | September 14, 2018 | ​ | ​ | 8,459 | ​ | ​ | 4,585 | (e)
Shopko retail property, | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Lincoln, Nebraska | ​ | December 13, 2018 | ​ | ​ | 10,000 | ​ | ​ | (1,731) | ​
Totals for 2018 | ​ | ​ | ​ | $ | 27,659 | ​ | $ | 5,262 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Former Sports Authority retail property, | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Greenwood Village, Colorado | ​ | May 8, 2017 | ​ | $ | 9,500 | ​ | $ | 6,568 | ​
Kohl's retail property, | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Kansas City, Missouri | ​ | July 14, 2017 | ​ | ​ | 10,250 | ​ | ​ | 2,180 | (f)
Former hhgregg retail property, | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Niles, Illinois | ​ | August 31, 2017 | ​ | ​ | 5,000 | ​ | ​ | 1,089 | ​
Joe's Crab Shack restaurant property, | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Ann Arbor, Michigan | ​ | November 14, 2017 | ​ | ​ | 2,300 | ​ | ​ | — | (g)
Totals for 2017 | ​ | ​ | ​ | $ | 27,050 | ​ | $ | 9,837 | ​
(a) | This property was owned by a consolidated joint venture in which the Company held a 90% interest. The non-controlling interest’s share of the gain was $422. Gain on sale of real estate, net, excludes a swap termination fee of $41 which is included in prepayment costs on debt.
(b) | Excludes a swap termination fee of $161 included in prepayment costs on debt.
(c) | Excludes a swap termination fee of $625 included in prepayment costs on debt.
(d) | 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.
(e) | 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.
(f) | Excludes a swap termination fee of $131 included in prepayment costs on debt.
(g) | As the sales price was less than the net book value, the Company recorded an impairment loss of $153, representing the difference between the net sales price and the net book value. The impairment loss is included in the accompanying consolidated statement of income for the year ended December 31, 2017. Excludes a swap termination fee of $70 which is included in prepayment costs on debt.
​ NOTE 5—SALES OF PROPERTIES (Continued)

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