v3.26.1
Real Estate Properties (Tables)
 3 Months Ended
Mar. 31, 2026
Real Estate [Abstract]  
Schedule of Allocation of Purchase Price for Acquisitions Based on Estimated Fair Value of Acquired Assets We accounted for these transactions as acquisitions of assets and allocated the purchase price based on the estimated fair value of the acquired assets as follows:
Quarter AcquiredProperty TypeNumber of PropertiesSquare Feet
Purchase Price (1)
LandBuildings, Improvements and EquipmentAcquired Real Estate Leases
Q1 2026Net Lease38,788 $7,485 $1,946 $4,641 $898 
(1)Purchase price is the gross contract price, plus closing costs of $87.
Schedule of Sale of Properties and Major Class Of Assets And Liabilities By Investments Segments The sales of these properties, as presented in the table below, do not represent a strategic shift in our business. As a result, the results of the operations of these properties are included in continuing operations through the date of sale in our condensed consolidated statements of comprehensive income (loss).
Quarter SoldProperty TypeNumber of PropertiesSquare Feet / Rooms or Suites
Gross Sales Price (1)
Gain (Loss) on Sale of Real Estate, net
Q1 2026Hotel1133 $7,100 $1,154 
Q1 2026Net Lease24,712 1,285 201 
3
133 / 4,712
$8,385 $1,355 
(1)Gross sales price is the gross contract price, excluding closing costs.
The following table summarizes the major class of assets and liabilities of our properties held for sale by our net lease investments and hotel investments segments as of March 31, 2026:
As of March 31, 2026
Net LeaseHotelsTotal
Assets of properties held for sale:  
Real estate properties, net$13,199 $57,944 $71,143 
Other assets, net (1)
64 4,275 4,339 
Total assets of properties held for sale$13,263 $62,219 $75,482 
Liabilities of properties held for sale:
Accounts payable and other liabilities$34 $2,770 $2,804 
Total liabilities of properties held for sale$34 $2,770 $2,804 
(1) Other assets, net includes working capital of $1,151 for our hotel investments segment as described in Note 6.