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Real Estate | 3 Months Ended
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Mar. 31, 2023
Real Estate [Abstract] |
Real Estate | Note 3. Real Estate A significant portion of the Company's land, buildings and improvements serve as collateral for its term loans. Accordingly, restrictions exist as to the encumbered property's transferability, use and other common rights typically associated with property ownership. Discontinued Operations On July 7, 2022, the Company and certain of its subsidiaries completed the Grocery-Anchored Portfolio Sale and the East River Park and Senator Square redevelopment asset sales for total gross proceeds of approximately $879 million, including the assumed debt. The Grocery-Anchored Portfolio Sale represented a strategic shift and had a material effect on the Company’s operations and financial results, and, therefore, the Company determined that it was deemed a discontinued operation. Accordingly, the portfolio of 33 grocery-anchored shopping centers were classified as held for sale and the results of their operations were classified as discontinued operations in 2022. The following is a summary of income from discontinued operations:
|  | Three months ended March 31, |
|  | 2023 |  |  | 2022 |
REVENUES |  |  |  |  |  |
Rental revenues |  | $ | — |  |  | $ | 21,648,000 |
Other revenues |  |  | — |  |  |  | 56,000 |
Total revenues |  |  | — |  |  |  | 21,704,000 |
EXPENSES |  |  |  |  |  |
Operating, maintenance and management |  |  | — |  |  |  | 4,850,000 |
Real estate and other property-related taxes |  |  | — |  |  |  | 3,255,000 |
General and administrative |  |  | — |  |  |  | 60,000 |
Depreciation and amortization |  |  | — |  |  |  | 5,762,000 |
Total expenses |  |  | — |  |  |  | 13,927,000 |
OPERATING INCOME |  |  | — |  |  |  | 7,777,000 |
NON-OPERATING INCOME AND EXPENSES |  |  |  |  |  |
Interest expense, net |  |  | — |  |  |  | (1,529,000 | )
Total non-operating income and expenses |  |  | — |  |  |  | (1,529,000 | )
INCOME FROM DISCONTINUED OPERATIONS |  |  | — |  |  |  | 6,248,000 |
Impairment charges |  |  | — |  |  |  | (510,000 | )
TOTAL INCOME FROM DISCONTINUED OPERATIONS |  | $ | — |  |  | $ | 5,738,000 |
Net cash provided by operations from discontinued operations was $0.0 million and $11.5 million for the three months ended March 31, 2023 and 2022, respectively. Net cash used in investing activities from discontinued operations was $0.0 million and $(7.9) million for the three months ended March 31, 2023 and 2022, respectively.

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- Definition The entire disclosure for certain real estate investment financial statements, real estate investment trust operating support agreements, real estate owned, retail land sales, time share transactions, as well as other real estate related disclosures. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 970 -URI https://asc.fasb.org/topic&trid=2156125 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 978 -URI https://asc.fasb.org/topic&trid=2134977 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 976 -URI https://asc.fasb.org/topic&trid=2134846 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 974 -URI https://asc.fasb.org/topic&trid=2156429 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 972 -URI https://asc.fasb.org/topic&trid=2134617 + Details
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