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Property Dispositions
 3 Months Ended
Mar. 31, 2016
Discontinued Operations and Disposal Groups [Abstract]  
Property Dispositions
Property Dispositions

Dispositions

The following table provides a summary of shopping centers and land out-parcels disposed of:
 
 
Three months ended March 31,
(in thousands)
 
2016
 
2015
Net proceeds from sale of real estate investments
 
$
34,321

 
$
3,414

Gain on sale of real estate
 
$
12,868

 
$
803

Provision for impairment
 
$
(866
)
 
$
—

Number of operating properties sold
 
3
 
1
Number of land parcels sold
 
5
 
—
Percent interest sold
 
100
%
 
100
%


Held for Sale

At March 31, 2016, the Company was under contract to sell two operating properties and one parcel of land. The assets associated with these properties have been classified as Properties held for sale in the accompanying Consolidated Balance Sheets.