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Property
 6 Months Ended
Jun. 30, 2019
Real Estate [Abstract]  
Property Property
Our property consists of the following (in thousands):
 
June 30,
2019
 
December 31,
2018
Land
$
885,144

 
$
919,237

Land held for development
41,608

 
45,673

Land under development
56,595

 
55,793

Buildings and improvements
2,887,563

 
2,927,954

Construction in-progress
213,566

 
156,411

Total
$
4,084,476

 
$
4,105,068


During the six months ended June 30, 2019, we sold eight centers and other property. Aggregate gross sales proceeds from these transactions approximated $201.4 million and generated gains of approximately $69.8 million. Also, during the six months ended June 30, 2019, we acquired two grocery-anchored shopping centers with an aggregate gross purchase price of approximately $53.7 million, and we invested $52.6 million in new development projects.