SUBSEQUENT EVENTS |
6 Months Ended |
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Jun. 30, 2021 | |
| Subsequent Events [Abstract] | |
| SUBSEQUENT EVENTS | SUBSEQUENT EVENTS Subsequent to June 30, 2021, we paid monthly distributions to Certificateholders of $6,822 or $0.09 per certificate in July 2021 and $38,381 or $0.51 per certificate in August 2021.
On July 9, 2021, the Trust sold a Retail Property in San Diego, California to an affiliate of New JCP in accordance with the Tenant Purchase Rights set forth in the Master Leases for a gross sales price of $14,750 with a carrying value at June 30, 2021 of $14,471.
On July 29, 2021, the Trust sold a Retail Property in Lone Tree, Colorado to an affiliate of New JCP in accordance with the Tenant Purchase Rights set forth in the Master Leases for a gross sales price of $7,000 with a carrying value at June 30, 2021 of $6,251 and another Retail Property in Frisco, Texas to an affiliate of New JCP in accordance with the Tenant Purchase Rights set forth in the Master Leases for gross sales price of $10,500 with a carrying value at June 30, 2021 of $9,894. On June 16, 2021, the Trust entered into a purchase and sale agreement to sell a Retail Property in Carson, California for a gross sales price of $19,000 with a carrying value at June 30, 2021 of $15,362. The Trust anticipates closing of the sale to occur in September.
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