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Assets Held For Sale | 9 Months Ended
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Sep. 30, 2024
Discontinued Operations and Disposal Groups [Abstract] |
Assets Held For Sale | NOTE 11. — ASSETS HELD FOR SALE We evaluate the held for sale classification of our real estate as of the end of each quarter. Assets that are classified as held for sale are recorded at the lower of their carrying amount or fair value less costs to sell. As of September 30, 2024, 14 properties met the criteria to be classified as held for sale. Real estate held for sale consisted of the following as of September 30, 2024 and December 31, 2023 (in thousands):
|  | September 30, 2024 |  |  | December 31, 2023 |
Land |  | $ | 2,283 |  |  | $ | 2,235 |
Buildings and improvements |  |  | 3,579 |  |  |  | 3,520 |
|  |  | 5,862 |  |  |  | 5,755 |
Accumulated depreciation and amortization |  |  | (3,253 | ) |  |  | (3,326 | )
Real estate held for sale, net |  | $ | 2,609 |  |  | $ | 2,429 |
During the nine months ended September 30, 2024, we sold 24 properties, resulting in an aggregate loss of $0.4 million which is included in (loss) gain on dispositions of real estate on our consolidated statements of operations. 23 properties sold during the three months ended September 30, 2024, did not qualify as real estate held for sale in prior reporting periods. We also received funds from a partial property condemnation resulting in a gain of $0.1 million included in gain on dispositions of real estate on our consolidated statements of operations.

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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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