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Property Dispositions and Assets Held for Sale (Tables) | 6 Months Ended
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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 |

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