v3.25.2
Property Dispositions and Assets Held for Sale (Tables)
 6 Months Ended
Jun. 30, 2025
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Properties Disposed of

The following table provides a summary of consolidated operating properties and land parcels sold during the periods set forth below:

 

 

 

Three months ended June 30,

 

 

Six months ended June 30,

 

(in thousands, except number sold data)

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Net proceeds from sale of real estate investments

 

$

7,165

 

 

 

62,126

 

 

$

7,165

 

 

 

92,159

 

(Loss) Gain on sale of real estate, net of tax

 

 

(294

)

 

 

11,081

 

 

 

(193

)

 

 

22,484

 

Provision for impairment of real estate sold (1)

 

 

554

 

 

 

—

 

 

 

554

 

 

 

—

 

Number of operating properties sold

 

 

1

 

 

 

2

 

 

 

1

 

 

 

3

 

Percent interest sold

 

100%

 

 

100%

 

 

100%

 

 

100%

 
(1)
The Company recognized a total Provision for impairment of $1.3 million during the three and six months ended June 30, 2025 which includes a $0.7 million impairment charge related to the operating property held for sale as of June 30, 2025 and subsequently sold in July 2025.
Schedule of Properties Classified as Held for Sale The following table presents the assets associated with the properties classified as held for sale as of June 30, 2025:

 

(in thousands)

 

June 30, 2025

 

Land and improvements

 

$

11,916

 

Buildings and improvements

 

 

4,561

 

Less: accumulated depreciation

 

 

(924

)

Assets associated with real estate assets held for sale

 

$

15,553