| Retail Properties and real estate held for sale |
The following Retail Property was classified as held for sale as of September 30, 2021:
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| Date of Sale |
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Location |
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Gross Sales Price |
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Carrying value at
September 30, 2021
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| December 2021 |
(a) |
Elmhurst, NY |
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40,500 |
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39,741 |
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(a) Anticipated date of closing, which is subject to change.
Real estate held for sale consisted of the following at September 30, 2021:
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September 30, 2021 |
| Land and improvements |
$ |
47,450 |
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| Building and other improvements |
5,474 |
| Less: accumulated depreciation |
(105) |
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| Net investment properties |
52,819 |
| Accounts receivable |
390 |
| Lease intangible assets, net |
3,760 |
| Other assets |
41 |
| Assets associated with investment properties held for sale |
57,010 |
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| Lease intangible liabilities, net |
17,218 |
| Other liabilities |
51 |
| Liabilities associated with investment properties held for sale |
$ |
17,269 |
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The following table summarizes the disposition activity from the Effective Date to September 30, 2021:
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| Sale Date |
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Location |
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Property Type |
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Ownership |
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Square Footage |
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Gross Sales Proceeds |
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Aggregate Proceeds, Net |
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Gain |
| 7/9/21 |
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San Diego, CA |
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Retail |
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Ground Leasehold |
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269 |
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14,750 |
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14,523 |
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— |
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| 7/29/21 |
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Lone Tree, CO |
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Retail |
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Fee Simple |
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151 |
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7,000 |
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6,773 |
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464 |
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| 7/29/21 |
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Frisco, TX |
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Retail |
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Fee Simple |
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164 |
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10,500 |
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10,300 |
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288 |
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| 9/14/21 |
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San Bruno, CA |
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Retail |
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Fee Simple |
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223 |
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105,250 |
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99,991 |
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38,544 |
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| 9/30/21 |
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Carson, CA |
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Retail |
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Fee Simple |
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201 |
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19,000 |
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18,311 |
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2,711 |
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1,008
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156,500
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149,898
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42,007
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