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Assets Held for Sale	9 Months Ended
Jun. 30, 2021
Assets Held For Sale
Assets Held for Sale	6. Assets Held for Sale As of June 30, 2021 and September 30, 2020, the Company had net carrying value of assets held for sale at $4.9 million and $0, respectively. During the three months ended March 31, 2021, the Company classified as held-for-sale three real estate properties with an aggregate estimated fair value less cost to sell of $7.4 million after recognizing a Nightclub segment impairment charge of $1.4 million, included in other charges, net in our unaudited condensed consolidated statement of operations, on one property. On May 7, 2021, the Company sold one of the properties held for sale for $3.1 million. The property had a carrying value of $2.3 million as of March 31, 2021. The Company paid related debt amounting to $2.0 million from the proceeds of the sale. The Company expects the held-for-sale properties, which are primarily comprised of land and buildings, to be sold within 12 months through property listings by our real estate brokers. Liabilities that are expected to be paid with the sale of held-for-sale assets were $1.1 million as of June 30, 2021, which is included in current portion of debt obligations in our unaudited condensed consolidated balance sheet.

Assets Held for Sale

9 Months Ended

Jun. 30, 2021

6. Assets Held for Sale

As of June 30, 2021 and September 30, 2020, the Company had net carrying value of assets held for sale at $4.9 million and $0, respectively.

During the three months ended March 31, 2021, the Company classified as held-for-sale three real estate properties with an aggregate estimated fair value less cost to sell of $7.4 million after recognizing a Nightclub segment impairment charge of $1.4 million, included in other charges, net in our unaudited condensed consolidated statement of operations, on one property.

On May 7, 2021, the Company sold one of the properties held for sale for $3.1 million. The property had a carrying value of $2.3 million as of March 31, 2021. The Company paid related debt amounting to $2.0 million from the proceeds of the sale.

The Company expects the held-for-sale properties, which are primarily comprised of land and buildings, to be sold within 12 months through property listings by our real estate brokers. Liabilities that are expected to be paid with the sale of held-for-sale assets were $1.1 million as of June 30, 2021, which is included in current portion of debt obligations in our unaudited condensed consolidated balance sheet.