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Sales of Properties (Tables)

3 Months Ended

Sep. 30, 2020

The following chart details the Company’s sales of real estate during the nine months ended September 30, 2020 and 2019 (amounts in thousands):



		Gross		Gain on Sale of		Mortgage		Prepayment
Description of Property	Date Sold	Sales Price		Real Estate, Net		Prepaid on Sale		Costs on Debt
Hobby Lobby retail property,
Onalaska, Wisconsin	February 11, 2020	$	7,115	$	4,252	$	3,332	$	290
CarMax retail property,
Knoxville, Tennessee	July 1, 2020		18,000		10,316		8,483		833	(a)
Totals - nine months ended September 30, 2020		$	25,115	$	14,568	$	11,815	$	1,123

Kmart retail property,
Clemmons, North Carolina (b)	June 20, 2019	$	5,500	$	1,099	$	1,705	$	40
Multi-tenant retail property,
Athens, Georgia	August 23, 2019		6,050		1,045		2,645		161
Land - The Briarbrook Village Apartments,
Wheaton, Illinois	August 29, 2019		12,035		1,499		n/a		n/a
Totals - nine months ended September 30, 2019		$	23,585	$	3,643	$	4,350	$	201

(a)

The Company recognized $775 and $58 of the prepayment cost on debt during the three months ended June 30, 2020 and September 30, 2020, respectively.

(b)

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.