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Assets Held for Sale
 3 Months Ended
Mar. 31, 2024
Property, Plant and Equipment Assets Held-for-Sale Disclosure [Abstract]  
Assets Held for Sale

Note 3. ASSETS HELD FOR SALE

We have classified nine sites and two sites as held for sale at March 31, 2024 and December 31, 2023, 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,

 

 

 

2024

 

 

2023

 

Land

 

$

3,056

 

 

$

240

 

Buildings and site improvements

 

 

3,512

 

 

 

380

 

Equipment

 

 

2,579

 

 

 

418

 

Total

 

 

9,147

 

 

 

1,038

 

Less accumulated depreciation

 

 

(4,506

)

 

 

(638

)

Assets held for sale

 

$

4,641

 

 

$

400

 

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.

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