Property Dispositions and Assets Held for Sale

9 Months Ended

Sep. 30, 2025

Discontinued Operations and Disposal Groups [Abstract]

Property Dispositions and assets held for sale


3.	Property Dispositions and Assets Held for Sale

The following table provides a summary of consolidated operating properties and land parcels sold during the periods set forth below:


	Three months ended September 30,				Nine months ended September 30,
(in thousands, except number sold data)	2025		2024		2025		2024
Net proceeds from sale of real estate investments	$	43,919		11,409	$	51,084		103,568
Gain on sale of real estate, net of tax		6,198		11,360		6,005		33,844
Provision for impairment of real estate sold		3,374		—		4,636		—
Number of operating properties sold		5		1		6		4
Number of land parcels sold		1		—		1		—
Percent interest sold	100%		100%		100%		100%

The following table presents the assets associated with the properties classified as held for sale as of September 30, 2025:


(in thousands)	September 30, 2025
Land and improvements	$	34,091
Buildings and improvements		27,536
Less: accumulated depreciation		(9,005	)
Real estate, net		52,622
Other assets, net		950
Assets associated with real estate assets held for sale	$	53,572

As of September 30, 2025 the Company had one operating property and one land parcel classified as held for sale. There were no liabilities associated with these properties. Both the operating property and the land parcel were subsequently sold in October 2025. As of December 31, 2024 the Company did not have any of its properties classified as held for sale.