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Assets Held for Sale

9 Months Ended

Sep. 30, 2022

Property, Plant and Equipment Assets Held-for-sale Disclosure [Abstract]

Note 3. ASSETS HELD FOR SALE

We have classified 18 sites and 12 sites as held for sale at September 30, 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):


	September 30,			December 31,
	2022			2021
Land	$	3,872		$	3,042
Buildings and site improvements		5,269			2,231
Equipment		2,749			939
Total		11,890			6,212
Less accumulated depreciation		(4,793	)		(1,305	)
Assets held for sale	$	7,097		$	4,907

The Partnership has continued to focus on divesting lower performing assets. During the three and nine months ended September 30, 2022, we sold one and ten properties for $0.2 million and $4.0 million in proceeds, resulting in net gains of an insignificant amount and $0.9 million, respectively. During the three and nine months ended September 30, 2021, we sold 14 and 23 properties for $4.9 million and $8.8 million in proceeds, resulting in net gains of $0.4 million and $1.5 million, respectively.

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