Property

3 Months Ended

Mar. 31, 2020

Real Estate [Abstract]

Property

Note 3. Property

Our property consists of the following (in thousands):

	March 31,		December 31,
	2020		2019
Land	$	944,272	$	911,521
Land held for development		40,986		40,667
Land under development		29,495		53,076
Buildings and improvements		2,999,500		2,898,867
Construction in-progress		191,725		241,118
Total	$	4,205,978	$	4,145,249

During the three months ended March 31, 2020, we sold one center and other property. Aggregate gross sales proceeds from this transaction approximated $19.6 million and generated gains of approximately $13.6 million. Also, during the three months ended March 31, 2020, we acquired one grocery-anchored shopping center and other property with an aggregate gross purchase price of approximately $43.0 million, and we invested $26.0 million in new development projects.