Acquisitions, Dispositions and Held for Sale (Tables)

3 Months Ended

Mar. 31, 2016

Business Combinations, Discontinued Operations and Disposal Groups [Abstract] [Abstract]

Schedule of Dispositions

The following is a summary of the Company's 2015 dispositions:

Sales Date	Property	Property Type	Location	Gross Sales Price		Net Proceeds		Gain
December	Mayfaire Community Center (1)	Community Center (2)	Wilmington, NC	$	56,300	$	55,955	$	—
December	Chapel Hill Crossing (3)	Associated Center	Akron, OH	2,300		2,178		—
November	Waynesville Commons	Community Center	Waynesville, NC	14,500		14,289		5,071
July	Madison Plaza	Associated Center	Huntsville, AL	5,700		5,472		2,769
June	EastGate Crossing (4)	Associated Center	Cincinnati, OH	21,060		20,688		13,491
April	Madison Square (5)	Mall	Huntsville, AL	5,000		4,955		—
				$	104,860	$	103,537	$	21,331

(1) The Company recognized a loss on impairment of real estate of $397 in the fourth quarter of 2015 when it adjusted the book value of Mayfaire Community Center to its net sales price.

(2) This property was combined with Mayfaire Towne Center in the Malls category for segment reporting purposes.

(3) The Company recognized a loss on impairment of real estate of $1,914 in the fourth quarter of 2015 when it adjusted the book value of Chapel Hill Crossing to its net sales price.

(4) In the fourth quarter of 2015, the Company earned $625 of the potential $1,740 of contingent consideration related to the sale of EastGate Crossing and received $574 of net proceeds for the lease of a tenant space. The Company has until September 2016 to lease one additional specified tenant space to earn the remaining consideration. Additionally, the buyer assumed the mortgage loan on the property, which had a balance of $14,570 at the time of the sale.

(5) The Company recognized a loss on impairment of real estate of $2,620 in the second quarter of 2015 when it adjusted the book value of Madison Square to its net sales price.