We evaluate the held for sale classification of our real estate as of the end of each quarter. Assets that are classified as held for sale are recorded at the lower of their carrying amount or fair value less costs to sell. As of September 30, 2026, five properties met the criteria to be classified as held for sale.

Real estate held for sale consisted of the following as of September 30, 2026, and December 31, 2025 (in thousands):


	September 30,			December 31,
	2026			2025
Land	$	798		$	1,269
Buildings and improvements		1,519			1,109
		2,317			2,378
Accumulated depreciation and amortization		(1,260	)		(482	)
Real estate held for sale, net	$	1,057		$	1,896

During the nine months ended September 30, 2026, we sold fourteen properties and received funds for one property condemnation resulting in an aggregate net gain of $9.8 million which is included in gains on dispositions of real estate on our consolidated statements of operations.