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Property Dispositions
 12 Months Ended
Dec. 31, 2021
Discontinued Operations and Disposal Groups [Abstract]  
Property Dispositions
3.
Property Dispositions

Dispositions

The following table provides a summary of consolidated shopping centers and land parcels sold during the periods set forth below:

 

 

 

Year ended December 31,

 

(in thousands, except number sold data)

 

2021

 

 

2020

 

 

2019

 

Net proceeds from sale of real estate investments

 

$

206,193

 

 

 

189,444

 

 

 

137,572

 

Gain on sale of real estate, net of tax

 

$

91,119

 

 

 

67,465

 

 

 

24,242

 

Provision for impairment of real estate sold

 

$

112

 

 

 

958

 

 

 

1,836

 

Number of operating properties sold

 

 

7

 

 

 

6

 

 

 

7

 

Number of land parcels sold

 

 

5

 

 

 

11

 

 

 

6

 

Percent interest sold

 

100%

 

 

50% - 100%

 

 

100%

 

At December 31, 2021, the Company also had one operating property, which has since sold, and one land parcel classified within Properties held for sale on the Consolidated Balance Sheets.