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SALES OF PROPERTIES (Tables)

12 Months Ended

Dec. 31, 2020

The following chart details the Company’s sales of real estate during 2020, 2019 and 2018 (amounts in thousands):



					Gain (Loss)			Mortgage		Prepayment
		Gross			on sale of			Prepaid		Costs on
Description of Property	Date Sold	Sales Price			Real Estate, Net			on Sale		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
PetSmart retail property
Houston, Texas	December 15, 2020		4,013	(a)		1,067			n/a		n/a
Guitar Center retail property,
Houston, Texas	December 15, 2020		5,212	(a)		1,645			n/a		n/a
Totals for 2020		$	34,340		$	17,280		$	11,815	$	1,123

Kmart retail property,
Clemmons, North Carolina (b)	June 20, 2019	$	5,500		$	1,099		$	1,705	$	41
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		12,066			1,530			n/a		n/a
Aaron's retail property,
Houston, Texas	October 21, 2019		1,675			218			n/a		n/a
Assisted living facility,
Round Rock, Texas	December 10, 2019		16,600			435			13,157		625
Totals for 2019		$	41,891		$	4,327		$	17,507	$	827

Multi-tenant retail property,
Fort Bend, Texas (c)	January 30, 2018	$	9,200		$	2,408		$	4,423		n/a
Land - The Meadows Apartments,
Lakemoor, Illinois	September 14, 2018		8,459			4,585	(d)		n/a		n/a
Shopko retail property,
Lincoln, Nebraska	December 13, 2018		10,000			(1,731)			n/a		n/a
Totals for 2018		$	27,659		$	5,262		$	4,423		n/a

(a)

These two properties were sold simultaneously for $9,225. The Company provided seller-financing of $4,613 which is included in other receivables on the consolidated balance sheet at December 31, 2020. The loan receivable matures on December 15, 2021 and bears interest at 4.0% with monthly interest-only payments until maturity.

(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.

(c)	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.

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