Real Estate (Tables)

3 Months Ended

Mar. 31, 2021

Real Estate [Abstract]

Properties sold that qualify as discontinued operations

The Company had two dispositions of consolidated operating properties during the quarter ended March 31, 2020. The Company sold the following properties in 2020 ($ in thousands):

Property	Property Type	Location	Square Feet	Sales Price
Hearst Tower	Office	Charlotte, NC	966,000	$	455,500
Woodcrest	Office	Cherry Hill, NJ	386,000	$	25,300

Schedule of assets and liabilities of properties held for sale

The Company's Burnett Plaza property was classified as held for sale as of March 31, 2021 and December 31, 2020. The major classes of assets and liabilities of this property held for sale were as follows (in thousands):

	March 31, 2021		December 31, 2020
Real estate assets and other assets held for sale
Operating property, net of accumulated depreciation of $8,123 in 2021 and 2020	$	114,603	$	106,864
Notes and accounts receivable	696		439
Deferred rents receivable	2,742		2,480
Intangible assets, net of accumulated amortization of $5,912 and $6,065 in 2021 and 2020, respectively	15,978		15,830
Other assets	165		133
Total real estate assets and other assets held for sale	$	134,184	$	125,746
Liabilities of real estate assets held for sale
Accounts payable and accrued expenses	$	4,895	$	7,399
Deferred income	54		44
Intangible liabilities, net of accumulated amortization of $1,106 and $1,205  in 2021 and 2020, respectively	3,114		3,014
Other liabilities	2,381		2,149
Total liabilities of real estate assets held for sale	$	10,444	$	12,606