Acquisitions, Dispositions and Held for Sale (Tables)

6 Months Ended

Jun. 30, 2016

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

Schedule of Dispositions

The following is a summary of the Company's 2016 dispositions:

				Sales Price
Sales Date	Property	Property Type	Location	Gross		Net		Gain
May	Bonita Lakes Mall and Crossing (1)	Mall & Associated Center	Meridian, MS	$	27,910	$	27,770	$	140
April	The Crossings at Marshalls Creek	Community Center	Middle Smithfield, PA	23,650		21,799		3,281
March	River Ridge Mall (2)	Mall	Lynchburg, VA	33,500		32,959		—
				$	85,060	$	82,528	$	3,421

(1) The Company recognized a loss on impairment of real estate of $5,323 in the first quarter of 2016 when it adjusted the book value of the properties to their contractual sales price, adjusted to reflect disposition costs. See Note 3 for more information.

(2) In March 2016, the Company sold a 75% interest in River Ridge Mall, located in Lynchburg, VA. In the first quarter of 2016, the Company recorded a non-cash impairment of real estate of $9,510 to adjust the book value of the property to its net sales price. See Note 3 for more information. The Company retained a 25% ownership interest in the property, which is included in investments in unconsolidated affiliates as of June 30, 2016 on the Company's condensed consolidated balance sheet. See Note 5 for more information on this new joint venture.

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

				Sales Price
Sales Date	Property	Property Type	Location	Gross		Net		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 contingent consideration related to the sale of EastGate Crossing and received $574 of net proceeds for the lease of a tenant space. In the second quarter of 2016, the Company earned $508 of contingent consideration related to lease of an additional specified tenant space and received $478 of net proceeds. 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.