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Assets Held for Sale

3 Months Ended

Mar. 31, 2023

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

Note 3. ASSETS HELD FOR SALE

We have classified six sites and three sites as held for sale at March 31, 2023 and December 31, 2022, 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,
	2023			2022
Land	$	1,292		$	758
Buildings and site improvements		1,536			457
Equipment		1,412			333
Total		4,240			1,548
Less accumulated depreciation		(2,228	)		(565	)
Assets held for sale	$	2,012		$	983

The Partnership has continued to focus on divesting lower performing assets. During the three months ended March 31, 2023, we sold one property for $0.4 million in proceeds, resulting in a net gain of $0.1 million. During the three months ended March 31, 2022, we sold four properties for $1.5 million in proceeds, resulting in a net gain of $0.3 million.

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