Impairment Provisions

12 Months Ended

Dec. 31, 2020

Real Estate [Abstract]

Impairment Provisions

Impairment Provisions

We established provisions for impairment for the following consolidated assets:

	Year Ended December 31,
	2020		2019		2018
	(In thousands)
Land available for development	$	598	$	—	$	216
Income producing properties marketed for sale	—		—		13,434
Total	$	598	$	—	$	13,650

During 2020, changes in the expected use and changes in associated sales price assumptions related to land held for development resulted in an impairment provision of $0.6 million.

During 2018, the Company's decision to market for potential sale certain wholly-owned income producing properties resulted in an impairment provision of $13.4 million. The adjustment was triggered by changes in the associated market prices and expected hold period assumptions related to these shopping centers. During 2018, changes in the expected use and changes in associated sales price assumptions related to land held for development resulted in an impairment provision of $0.2 million.