Quarterly report pursuant to Section 13 or 15(d)

Disposition of Properties

v3.19.1
Disposition of Properties
3 Months Ended
Mar. 31, 2019
Disposition of Properties [Abstract]  
Disposition of Properties [Text Block]
Disposition of Properties

During the three months ended March 31, 2019, the Company closed on the sale of four non-core outlet centers for total gross proceeds of $130.5 million.

The following table sets forth certain summarized information regarding the properties sold during the three months ended March 31, 2019:
Property
 
Location
 
Date Sold
 
Square Feet
(in 000's)
 
Net Sales Proceeds
(in 000's)
 
Gain on Sale (in 000's)
Nags Head, Ocean City, Park City, and Williamsburg
 
Nags Head, NC, Ocean City, MD, Park City, UT, and Williamsburg, IA
 
March 2019
 
878

 
$
128,248

 
$
43,422



The rental properties sold did not meet the criteria to be reported as discontinued operations.