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Assets Held for Sale

3 Months Ended

Mar. 31, 2022

Property Plant And Equipment Assets Held For Sale Disclosure [Abstract]

Note 3. ASSETS HELD FOR SALE

We have classified 10 sites and 12 sites as held for sale at March 31, 2022 and December 31, 2021, respectively, which are expected to be sold within one year of such classification. Assets held for sale were as follows (in thousands):


	March 31,			December 31,
	2022			2021
Land	$	2,219		$	3,042
Buildings and site improvements		2,299			2,231
Equipment		840			939
Total		5,358			6,212
Less accumulated depreciation		(1,183	)		(1,305	)
Assets held for sale	$	4,175		$	4,907

The Partnership has continued to focus on divesting lower performing assets. During the three months ended March 31, 2022, we sold 4 properties for $1.5 million in proceeds, resulting in a net gain of $0.3 million. During the three months ended March 31, 2021, we sold three properties for $0.9 million in proceeds, resulting in an insignificant net loss.

See Note 5 for information regarding impairment charges primarily recorded upon classifying sites within assets held for sale.