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DISPOSITIONS AND IMPAIRMENTS | 9 Months Ended
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Sep. 30, 2024
Discontinued Operations and Disposal Groups [Abstract] |
DISPOSITIONS AND IMPAIRMENTS | NOTE 5—DISPOSITIONS AND IMPAIRMENTS 2024 Activity During the nine months ended September 30, 2024, we sold 17 senior housing communities, 12 outpatient medical buildings (one of which was vacant) and 23 triple-net leased properties for aggregate consideration of $261.4 million and recognized $50.3 million in gain on real estate dispositions in our Consolidated Statements of Income. In October 2024, we sold two senior housing communities and part of a research building for aggregate consideration of $39.2 million. Assets Held for Sale The table below summarizes our real estate assets classified as held for sale including the amounts reported on our Consolidated Balance Sheets (dollars in thousands):
|  | As of September 30, 2024 |  | As of December 31, 2023
|  | Number of Properties Held for Sale |  | Assets Held for Sale |  | Liabilities Related to Assets Held for Sale |  | Number of Properties Held for Sale |  | Assets Held for Sale |  | Liabilities Related to Assets Held for Sale
SHOP |  | 3 |  |  | $ | 26,938 |  |  | $ | 3,755 |  |  | 13 |  |  | $ | 48,173 |  |  | $ | 6,419 |
Outpatient medical and research portfolio (1) |  | — |  |  | 21,568 |  |  | 1,497 |  |  | 3 |  |  | 5,431 |  |  | 2,643 |
Triple-net leased properties |  | 1 |  |  | 2,131 |  |  | — |  |  | 1 |  |  | 2,885 |  |  | 181 |
Total |  | 4 |  |  | $ | 50,637 |  |  | $ | 5,252 |  |  | 17 |  |  | $ | 56,489 |  |  | $ | 9,243 |
______________________________ (1)The balances as of September 30, 2024 relate to a partial sale of a building, as such, no property count is allocated. Real Estate Impairments We recognized impairments of $17.3 million and $72.7 million for the three months ended September 30, 2024 and 2023, respectively, and $67.6 million and $92.0 million for the nine months ended September 30, 2024 and 2023 respectively, which are recorded primarily as a component of depreciation and amortization in our Consolidated Statements of Income. The impairments recorded were primarily a result of a change in our intent to hold or a change in the expected future cash flows of the impaired assets.

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- Definition The entire disclosure related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/205-20/tableOfContent Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/360/tableOfContent + Details
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