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Property Dispositions
 6 Months Ended
Jun. 30, 2016
Discontinued Operations and Disposal Groups [Abstract]  
Property Dispositions
Property Dispositions

Dispositions

The following table provides a summary of shopping centers and land parcels disposed of:
 
 
Three months ended June 30,
 
Six months ended June 30,
(in thousands)
 
2016
 
2015
 
2016
 
2015
Net proceeds from sale of real estate investments
 
$
4,384

 
$
22,968

 
$
38,705

 
$
26,382

Gain on sale of real estate
 
$
548

 
$
5,657

 
$
13,417

 
$
6,460

Provision for impairment
 
$
—

 
$
—

 
$
(1,666
)
 
—

Number of operating properties sold
 
1
 
1
 
4
 
2
Number of land parcels sold
 
5
 
—
 
10
 
—
Percent interest sold
 
100
%
 
100
%
 
100
%
 
100
%
Held for Sale

At June 30, 2016, the Company was under contract to sell three operating properties. The assets associated with these properties have been classified as Properties held for sale in the accompanying Consolidated Balance Sheets.