XML 39 R28.htm IDEA: XBRL DOCUMENT

SALES OF PROPERTIES (Tables)

6 Months Ended

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.