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Property Dispositions
 12 Months Ended
Dec. 31, 2020
Discontinued Operations And Disposal Groups [Abstract]  
Property Dispositions

3.

Property Dispositions

Dispositions

The following table provides a summary of consolidated shopping centers and consolidated land parcels disposed of during the periods set forth below:

 

 

 

Year ended December 31,

 

(in thousands, except number sold data)

 

2020

 

 

2019

 

 

2018

 

Net proceeds from sale of real estate investments

 

$

189,444

 

(1)

 

137,572

 

 

 

250,445

 

Gain on sale of real estate, net of tax

 

$

67,465

 

 

 

24,242

 

 

 

28,343

 

Provision for impairment of real estate sold

 

$

958

 

 

 

1,836

 

 

 

31,041

 

Number of operating properties sold

 

 

6

 

 

 

7

 

 

 

10

 

Number of land parcels sold

 

 

11

 

 

 

6

 

 

 

9

 

Percent interest sold

 

50% - 100%

 

 

 

100

%

 

 

100

%

 

(1)

Includes proceeds from repayment of a short-term note on the sale of one of the properties, issued at closing and repaid during the same three months ended March 31, 2020.

 

At December 31, 2020, the Company also had two properties classified within Properties held for sale on the Consolidated Balance Sheets.