Property

6 Months Ended

Jun. 30, 2021

Real Estate [Abstract]

Property

Note 3. Property

Our property consists of the following (in thousands):

	June 30,		December 31,
	2021		2020
Land	$	949,307	$	948,622
Land held for development		38,726		39,936
Land under development		1,404		19,830
Buildings and improvements		3,139,504		3,082,509
Construction in-progress		58,590		155,437
Total	$	4,187,531	$	4,246,334

During the six months ended June 30, 2021, we sold four centers and other property. Aggregate gross sales proceeds from these transactions approximated $71.4 million and generated gains of approximately $9.6 million. In addition, during the six months ended June 30, 2021, we acquired real estate assets with an aggregate gross purchase price of $5.2 million, and we invested $10.9 million in new development projects. Subsequent to June 30, 2021, we sold one center and other property with aggregate gross proceeds totaling $43.8 million.