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Property Dispositions and Assets Held for Sale (Tables)
9 Months Ended
Sep. 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 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%

 

 

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 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