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Property
 9 Months Ended
Sep. 30, 2019
Real Estate [Abstract]  
Property Property
Our property consists of the following (in thousands):
 
September 30,
2019
 
December 31,
2018
Land
$
864,336

 
$
919,237

Land held for development
40,661

 
45,673

Land under development
52,887

 
55,793

Buildings and improvements
2,836,466

 
2,927,954

Construction in-progress
232,550

 
156,411

Total
$
4,026,900

 
$
4,105,068


During the nine months ended September 30, 2019, we sold 12 centers and other property. Aggregate gross sales proceeds from these transactions approximated $375.1 million and generated gains of approximately $144.0 million. Also, during the nine months ended September 30, 2019, we acquired two grocery-anchored shopping centers and other property with an aggregate gross purchase price of approximately $55.1 million, and we invested $81.8 million in new development projects.