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DISPOSITIONS AND HELD FOR SALE (Tables)
12 Months Ended
Dec. 31, 2022
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Dispositions

The Predecessor Company recognized a gain on extinguishment of debt for the properties listed below, which represented the amount by which the outstanding debt balance exceeded the net book value of the property as of the date title to the property was transferred to the mortgage holder in satisfaction of the non-recourse debt secured by the property.

Sales Date

 

Property

 

Property Type

 

Location

 

Balance of Non-recourse Debt

 

 

Gain on Extinguishment of Debt

 

August

 

Hickory Point Mall

 

Malls

 

Forsyth, IL

 

$

27,446

 

 

$

15,446

 

December

 

Burnsville Center

 

Malls

 

Burnsville, MN

 

 

64,233

 

 

 

17,075

 

 

 

 

 

 

 

 

 

$

91,679

 

 

$

32,521