Property Acquisitions and Dispositions

9 Months Ended

Sep. 30, 2023

Acquisitions and Dispositions [Abstract]

Property Acquisitions and Dispositions

Property Acquisitions and Dispositions

Acquisitions

There were no acquisitions during the nine months ended September 30, 2023.

Dispositions

The following table provides a summary of our disposition activity for the nine months ended September 30, 2023:

					Gross
Property Name	Location	GLA	Acreage	Date Sold	Sales Price		Gain on Sale
		(In thousands)			(In thousands)
Lakeland Park Center - Outparcel (1)	Lakeland, FL	20	N/A	2/22/23	$	3,687	$	297
Total income producing dispositions		20	—		$	3,687	$	297
Lakeland Park Center - Land Parcel	Lakeland, FL	N/A	2.6	4/14/23	$	2,200	$	603
Total land dispositions		—	2.6		$	2,200	$	603
Total dispositions		20	2.6		$	5,887	$	900

(1)We contributed a net lease retail asset that was subdivided from a wholly-owned shopping center to our RGMZ Venture REIT LLC (“RGMZ”) joint venture. The property contributed was an income producing property in which we owned the depreciable real estate. Refer to Note 4 of these notes to the condensed consolidated financial statements for additional information.