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Real Estate Investments | 3 Months Ended
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Mar. 31, 2024
Business Combination and Asset Acquisition [Abstract] |
Real Estate Investments | Real Estate Investments 2024 Acquisition Activity The Company had no real estate acquisition activity for the three months ended March 31, 2024. Unconsolidated Joint Ventures The Company's investment in and loss recognized for the three months ended March 31, 2024 and 2023 related to its unconsolidated joint ventures accounted for under the equity method are shown in the table below:
| THREE MONTHS ENDED March 31, |
Dollars in thousands | 2024 | 2023 |  |
Investments in unconsolidated joint ventures, beginning of period | $ | 311,511 |  | $ | 327,248 |  |  |
New investment during the period 1 | — |  | 3,824 |  |  |
Equity loss recognized during the period | (422) |  | (780) |  |  |
Owner distributions | (1,335) |  | (2,546) |  |  |
Investments in unconsolidated joint ventures, end of period | $ | 309,754 |  | $ | 327,746 |  |  |
1 In 2023, this was an additional investment in an existing joint venture in which the Company retained a 40% ownership interest. The investment consisted of the Company's sale of a property in Dallas, Texas to the joint venture. 2024 Real Estate Asset Dispositions The Company had no real estate dispositions for the three months ended March 31, 2024. Subsequent to March 31, 2024, the Company disposed of two medical outpatient buildings totaling 39,000 square feet for an aggregate of $5.8 million. The two properties were classified as held for sale as of March 31, 2024. Assets Held for Sale The table below reflects the assets and liabilities classified as held for sale as of March 31, 2024 and December 31, 2023:
Dollars in thousands |  | March 31, 2024 |  | December 31, 2023
Balance Sheet data: |  |  |  |
Land |  | $ | 2,023 |  |  | $ | 1,850 |
Building and improvements |  | 12,440 |  |  | 6,779 |
Lease intangibles |  | 2,001 |  |  | 1,017 |
|  | 16,464 |  |  | 9,646 |
Accumulated depreciation |  | (2,050) |  |  | (913) |
Real estate assets held for sale, net 1 |  | 14,414 |  |  | 8,733 |
Cash and cash equivalents |  | 260 |  |  | — |
Operating lease right-of-use assets |  | 193 |  |  | — |
Other assets, net |  | 16,101 |  |  | 101 |
Assets held for sale, net |  | $ | 30,968 |  |  | $ | 8,834 |
Accounts payable and accrued liabilities |  | $ | 135 |  |  | $ | 23 |
Operating lease liabilities |  | 211 |  |  | — |
Other liabilities |  | 354 |  |  | 272 |
Liabilities of assets held for sale |  | $ | 700 |  |  | $ | 295 |
1 Net real estate assets held for sale includes the impact of $1.5 million of impairment charges for the three months ended March 31, 2024.

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- Definition Acquisitions and dispositions. + References No definition available. + Details
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