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Property Dispositions
 3 Months Ended
Mar. 31, 2021
Discontinued Operations And Disposal Groups [Abstract]  
Property Dispositions

3.

Property Dispositions

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

 

 

 

Three months ended March 31,

 

 

(in thousands, except number sold data)

 

2021

 

 

2020

 

 

Net proceeds from sale of real estate investments

 

$

53,859

 

 

 

103,522

 

(1)

Gain on sale of real estate, net of tax

 

 

11,698

 

 

 

38,005

 

 

Number of operating properties sold

 

 

4

 

 

 

2

 

 

Number of land parcels sold

 

 

1

 

 

 

1

 

 

Percent interest sold

 

 

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 March 31, 2021, the Company also had one operating property classified within Properties held for sale on the Consolidated Balance Sheets, which has since been sold.