v3.26.1
ASSETS HELD FOR SALE
6 Months Ended
Jun. 30, 2026
Discontinued Operations and Disposal Groups [Abstract]  
ASSETS HELD FOR SALE

NOTE 10. ASSETS HELD FOR SALE

Assets held for sale were comprised of two properties as of June 30, 2026 and three properties as of December 31, 2025. One of the properties classified as held for sale as of December 31, 2025 was placed back into service during the six months ended June 30, 2026. The Company determined the property no longer met the criteria to be classified as held for sale as the sale is no longer deemed probable due to the termination of the underlying purchase and sale agreement. As a result, the Company recorded $0.3 million of depreciation and amortization expense during the six months ended June 30, 2026 to account for the property being placed back into service.

Assets held for sale consisted of the following (in thousands):

As of

June 30, 2026

December 31, 2025

Real Estate—Net

$

2,194

$

9,093

Intangible Lease Assets—Net

263

1,132

Intangible Lease Liabilities—Net

(39)

(105)

Straight-Line Rent Adjustment

49

49

Other Assets

3

3

Assets Prior to Provision for Impairment

$

2,470

$

10,172

Less Provision for Impairment

(2,095)

(2,095)

Total Assets Held for Sale

$

375

$

8,077