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Dispositions and Impairment | 12 Months Ended
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Dec. 31, 2024
Discontinued Operations and Disposal Groups [Abstract] |
Dispositions and Impairment | Dispositions and Impairment For the years ended December 31, 2024, 2023 and 2022, the Company disposed of its interests in various properties for an aggregate gross disposition price of $181,050, $100,152 and $196,989, respectively, which resulted in gains on sales of $39,848, $33,010 and $59,094, respectively. The Company did not have properties classified as held for sale at December 31, 2024 and had two properties classified as held for sale at December 31, 2023. Assets and liabilities of the held for sale properties consisted of the following:
|  |  | December 31, 2023 |  |
Assets: |  |  |  |  |
Real estate, at cost |  |  | $ | 9,018 |  |  |
Other |  |  | 150 |  |  |
Total assets held for sale |  |  | $ | 9,168 |  |  |
Liabilities: |  |  |  |  |
Accounts payable and other liabilities |  |  | $ | 5 |  |  |
Deferred revenue |  |  | 53 |  |  |
Prepaid rent |  |  | 359 |  |  |
Total liabilities held for sale |  |  | $ | 417 |  |  |
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 prolonged 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. There were no impairment charges recorded during 2024. During 2023 and 2022, the Company recognized aggregate impairment charges on real estate properties of $16,490 and $3,037, respectively. During 2023 and 2022, the aggregate impairment charges were recognized on properties that were primarily impaired due to a reduction in the anticipated holding period for those properties.

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- 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 -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/205-20/tableOfContent Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/360/tableOfContent + Details
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