| Retail Properties and real estate held for sale |
The following Retail Properties were classified as held for sale as of June 30, 2021:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Date of Sale |
|
Location |
|
Gross Sales Price |
|
Carrying value at June 30, 2021 |
|
| July 9, 2021 |
|
San Diego, CA |
|
$ |
14,750 |
|
|
$ |
14,471 |
|
(a) |
| July 29, 2021 |
|
Lone Tree, CO |
|
7,000 |
|
|
6,251 |
|
|
| July 29, 2021 |
|
Frisco, TX |
|
10,500 |
|
|
9,894 |
|
|
| September 2021 |
(b) |
Carson, CA |
|
19,000 |
|
|
15,362 |
|
|
(a) Carrying value includes provision for impairment of investment properties of $750.
(b) Anticipated date of closing, which is subject to change.
Real estate held for sale consisted of the following at June 30, 2021:
|
|
|
|
|
|
|
June 30, 2021 |
| Land and improvements |
$ |
23,822 |
|
| Building and other improvements |
15,103 |
| Less: accumulated depreciation |
(202) |
|
| Net investment properties |
38,723 |
| Accounts receivable |
682 |
| Lease intangible assets, net |
6,158 |
| Right-of-use lease assets |
8,103 |
| Other assets |
78 |
| Assets associated with investment properties held for sale |
53,744 |
|
|
|
|
| Accounts payable and accrued expenses |
51 |
| Lease intangible liabilities, net |
6,958 |
| Lease liabilities |
614 |
| Other liabilities |
143 |
| Liabilities associated with investment properties held for sale |
$ |
7,766 |
|
|