XML 22 R12.htm IDEA: XBRL DOCUMENT
v3.22.2

Dispositions and Impairment | 6 Months Ended
--- | ---
Jun. 30, 2022
Discontinued Operations and Disposal Groups [Abstract] |
Dispositions and Impairment | Dispositions and Impairment During the six months ended June 30, 2022 and 2021, the Company disposed of its interests in various properties for an aggregate gross disposition price of $55,395 and $183,427, respectively, and recognized aggregate gains on sales of properties of $28,110 and $88,645, respectively. The Company had eight properties classified as held for sale at June 30, 2022 and December 31, 2021, respectively. Assets and liabilities of the held for sale properties as of June 30, 2022 and December 31, 2021 consisted of the following:
| June 30, 2022 |  | December 31, 2021
Assets: |  |  |
Real estate, at cost | $ | 202,810 |  |  | $ | 170,117 |
Real estate, intangible assets | 14,492 |  |  | 9,454 |
Accumulated depreciation and amortization | (107,393) |  |  | (99,659) |
Deferred expenses, net | 1,629 |  |  | 1,759 |
Other | 3,008 |  |  | 915 |
| $ | 114,546 |  |  | $ | 82,586 |
Liabilities: |  |  |
Accounts payable and liabilities | $ | 2,004 |  |  | $ | 1,908 |
Deferred revenue | 1,696 |  |  | 483 |
Prepaid rent | 1,395 |  |  | 1,077 |
| $ | 5,095 |  |  | $ | 3,468 |
The Company assesses on a regular basis whether there are any indicators that the carrying value of its real estate assets may be impaired. Potential indicators may include an increase in vacancy at a property, tenant financial instability, change in the estimated holding period of the asset, the potential sale or transfer of the property in the near future and changes in economic conditions. An asset is determined to be impaired if the asset's carrying value is in excess of its estimated fair value and the Company estimates that its cost will not be recovered. During the six months ended June 30, 2022, the Company recognized an impairment charge on real estate of $1,829 due to vacancy at the property. During the six months ended June 30, 2021, there were no impairment charges recorded.

X
- References No definition available. + Details
Name: | us-gaap_DiscontinuedOperationsAndDisposalGroupsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI https://asc.fasb.org/topic&trid=2155823 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -URI https://asc.fasb.org/subtopic&trid=2122178 + Details
Name: | us-gaap_DisposalGroupsIncludingDiscontinuedOperationsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration