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SALES OF PROPERTIES, PROPERTY HELD-FOR-SALE AND IMPAIRMENT LOSS (Tables)
6 Months Ended
Jun. 30, 2026
SALES OF PROPERTIES, PROPERTY HELD-FOR-SALE AND IMPAIRMENT LOSS  
Schedule of sales of real estate

The following table details the Company’s sales of real estate during the six months ended June 30, 2026 and 2025 (amounts in thousands):

Gross

Gain on Sale of

Description of Property

City, State

Date Sold

Sales Price

Real Estate, Net

Vacant retail property

Cary, North Carolina

March 13, 2026

$

6,000

$

2,518

Havertys retail property

Newport News, Virginia

March 31, 2026

4,200

1,358

Advance Auto Parts retail property

South Euclid, Ohio

April 16, 2026

1,483

118

Multi-tenant retail property

Champaign, Illinois

May 5, 2026

7,498

3,326

Multi-tenant retail property

El Paso, Texas

June 1, 2026

17,500

9,989

Totals for the six months ended June 30, 2026

$

36,681

(a)

$

17,309

(b)

Land and improvements (c)

Lakewood, Colorado

January 16, 2025

$

400

$

(44)

(c)

Hooters restaurant property

Concord, North Carolina

January 21, 2025

3,253

1,154

Multi-tenant retail stores (c)

Lakewood, Colorado

June 23, 2025

17,900

3,276

(c)

Total Wine retail property

Greensboro, North Carolina

June 25, 2025

4,709

2,232

La-Z-Boy retail property

Gurnee, Illinois

June 27, 2025

4,368

1,023

Totals for the six months ended June 30, 2025

$

30,630

(d)

$

7,641

(e)

(a)In connection with these sales, the Company paid off mortgages in an aggregate of $9,066.
(b)As a result of these sales, the Company wrote-off, as a reduction to Gain on sale of real estate, net, an aggregate of $414 of unbilled rent receivables, $172 of net unamortized intangible lease assets and liabilities and $276 of other assets and receivables.
(c)These parcels were part of a property which was owned by a consolidated joint venture in which the Company held a 90% interest. The non-controlling interest’s share of the net gain on these sales was $968.
(d)In connection with these sales, the Company paid off a $5,808 mortgage.
(e)As a result of these sales, the Company wrote-off, as a reduction to Gain on sale of real estate, net, an aggregate of $620 of unbilled rent receivables, $16 of net unamortized intangible lease assets and liabilities and $527 of other assets and receivables.