Annual report pursuant to Section 13 and 15(d)

Real Estate (Tables)

v3.20.4
Real Estate (Tables)
12 Months Ended
Dec. 31, 2020
Real Estate [Abstract]  
Schedule of investment properties
Investment properties consist of the following (in thousands):
  December 31,
  2020 2019
Land and land improvements $ 97,117  $ 100,599 
Buildings and improvements 354,738  366,082 
Investment properties at cost 451,855  466,681 
Less accumulated depreciation (59,191) (50,466)
     Investment properties, net $ 392,664  $ 416,215 
Schedule of Impaired Long-Lived Assets Held and Used by Asset The impairment expenses during the years ended December 31, 2020 and 2019 are as follows (in thousands):    
Years Ended December 31,
2020 2019
Columbia Fire Station $ 600  $ — 
St. Matthews —  451 
Perimeter Square —  1,147 
Total $ 600  $ 1,598 
Schedule of dispositions
As of December 31, 2020 and 2019, assets held for sale and associated liabilities consisted of the following (in thousands):
December 31,
2020 2019
Investment properties, net $ 12,593  $ 1,651 
Rents and other tenant receivables, net 132  77 
Above market leases, net 153  — 
Deferred costs and other assets, net 194 
Total assets held for sale $ 13,072  $ 1,737 
December 31,
2020 2019
Loans payable $ 12,838  $ 1,974 
Below market leases, net 25  — 
Accounts payable, accrued expenses and other liabilities 261  52 
Total liabilities associated with assets held for sale $ 13,124  $ 2,026 

The following properties were sold during the years ending December 31, 2020 and 2019:
Disposal Property Contract Price Gain (Loss) Net Proceeds
(in thousands)
December 31, 2020 Riversedge North $ 3,000  $ 49  $ 2,843 
January 21, 2020 St. Matthews 1,775  (26) 1,665 
July 12, 2019 Perimeter Square 7,200  (95) — 
March 18, 2019 Graystone Crossing 6,000  1,433  1,744 
February 7, 2019 Harbor Pointe Land Parcel (1.28 acres) 550  —  19 
January 11, 2019 Jenks Plaza 2,200  387  1,840