Disposition of Properties (Tables)

9 Months Ended

Sep. 30, 2025

Disposition of Properties [Abstract]

In April 2025, we sold the center in Howell, Michigan for $17.0 million. As part of our quarterly impairment evaluation procedures, we recorded a $4.2 million impairment charge in the first quarter of 2025 to lower the property’s carrying value to the estimated fair value based on the purchase agreement.

The following table sets forth the property sold during the nine months ended September 30, 2025 (in thousands):

Property

Location

Date Sold

Square Feet

Net Sales Proceeds

Gain on Sale

Howell

Howell, MI

April 2025

314

$16,628

—

- Definition

Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component.

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+ Details

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