Quarterly report pursuant to Section 13 or 15(d)

Real Estate (Tables)

v3.22.2
Real Estate (Tables)
 6 Months Ended
Jun. 30, 2022
Real Estate [Abstract]  
Schedule of investment properties Investment properties consist of the following (in thousands, unaudited):
June 30, 2022 December 31, 2021
Land and land improvements $ 95,864  $ 96,752 
Buildings and improvements 359,106  357,606 
Investment properties at cost 454,970  454,358 
Less accumulated depreciation (71,817) (67,628)
    Investment properties, net $ 383,153  $ 386,730 
Schedule of dispositions
Assets held for sale and associated liabilities consisted of the following (in thousands, unaudited):
June 30, 2022
December 31, 2021
Investment properties, net $ 419  $ 1,824 
Rents and other tenant receivables, net —  18 
Deferred costs and other assets, net —  205 
Total assets held for sale $ 419  $ 2,047 

June 30, 2022
December 31, 2021
Loans payable $ —  $ 3,145 
Accounts payable, accrued expenses and other liabilities —  236 
Total liabilities associated with assets held for sale $ —  $ 3,381 

The following properties were sold during the six months ended June 30, 2022 and 2021 (in thousands, unaudited):
Disposal Date Property Contract Price Gain (loss) Net Proceeds
January 11, 2022 Walnut Hill Plaza $ 1,986  $ (15) $ 1,786 
March 25, 2021
Berkley Shopping Center and Berkley Land Parcel (0.75acres)
 4,150  176  3,937