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Marketable Securities
 6 Months Ended
Jun. 30, 2020
Marketable Securities [Abstract]  
Marketable Securities Marketable Securities
Pennsylvania Real Estate Investment Trust (“PREIT”) (NYSE: PEI)
On January 23, 2020, we sold all of our 6,250,000 common shares of PREIT, realizing net proceeds of $28,375,000. We recorded a $4,938,000 loss (mark-to-market decrease) for the six months ended June 30, 2020.
The table below summarizes the changes of our investment in PREIT.
(Amounts in thousands)
For the Six Months Ended June 30, 2020
Balance as of December 31, 2019
$
33,313

Sale of marketable securities on January 23, 2020
(28,375
)
Decrease in fair value of marketable securities(1)
(4,938
)
Balance as of June 30, 2020
$
—

____________________
(1)
Included in “interest and other investment (loss) income, net” on our consolidated statements of income (see Note 18 - Interest and Other Investment (Loss) Income, Net).