Following the $400 million closing of our substantial issuer bid in the first quarter, we invested a further $56 million under our normal course issuer bid in the second quarter and an additional $7 million in July.
Following the end of the quarter, we entered into further contract to sell additional assets that will generate $500 million of net proceeds to BPY. With total proceeds realized year-to-date of approximately $1 billion, we’re on pace to reach our target of between $1 billion and $2 billion of capital recycled through asset sales in 2019.
Net proceeds of $569 million were generated and were used to pay down a portion of the term loan, which helped finance the acquisition of GGP. With that, I’ll now turn the call over to Bryan for a detailed financial report.
Realized gains from our LP investing activity for the quarter were $27 million compared with $4 million earned in the prior year.
The current quarter benefited from 3.2% same property net operating income growth on a natural currency basis and an increase in fee income as this quarter in addition to higher property management fees, we benefited from a $38 million performance based fee earned at Five Manhattan West to reflect an increase in value since we sold a 44% interest in the property in 2015.
Our LP Investments earned $106 million of Company FFO and realized gains compared to $87 million in the prior year.
The increase of $19 million includes the realized gain I had previously mentioned in addition to increased earnings in our third real estate opportunity fund to reflect capital deployed since the fund launch, and this was partially offset by investment realizations in our first and second opportunity fund investments.