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