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SALES OF PROPERTIES (Tables) | 6 Months Ended
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Jun. 30, 2023
SALES OF PROPERTIES |
Schedule of sales of real estate | The following table details the Company’s sales of real estate during the six months ended June 30, 2023 and 2022 (amounts in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | Gross | ​ | Gain on Sale of | ​
Description of Property | ​ | Date Sold | ​ | Sales Price | ​ | Real Estate, Net | ​
TGI Fridays restaurant | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Hauppauge, New York | ​ | February 28, 2023 | ​ | $ | 4,200 | ​ | $ | 1,534 | ​
Havertys retail property | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Duluth, Georgia | ​ | May 31, 2023 | ​ | ​ | 6,000 | ​ | ​ | 3,180 | ​
TOTAL - Six months ended June 30, 2023 | ​ | $ | 10,200 | ​ | $ | 4,714 | (a)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Wendy's restaurants - 4 properties | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Various cities, Pennsylvania | ​ | March 22, 2022 | ​ | $ | 10,000 | ​ | $ | 4,649 | ​
Orlando Baking industrial property | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Columbus, Ohio | ​ | May 2, 2022 | ​ | ​ | 8,500 | ​ | ​ | 6,925 | ​
Havertys retail property | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Fayetteville, Georgia (b) | ​ | June 17, 2022 | ​ | ​ | 4,800 | ​ | ​ | 1,125 | ​
TOTAL - Six months ended June 30, 2022 | ​ | $ | 23,300 | ​ | $ | 12,699 | (c)
(a) | As a result of these sales, the Company wrote-off, as a net reduction to Gain on sale of real estate, net, an aggregate of $190 of other assets and receivables and $32 of unearned rental income.
(b) | In connection with this sale, the Company paid off the $1,563 mortgage.
(c) | As a result of these sales, the Company wrote-off, as a reduction to Gain on sale of real estate, net, an aggregate of $519 of unbilled rent receivable and $4 of net unamortized intangible lease liabilities and assets.

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