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Assets Held for Sale or Contribution
6 Months Ended
Jun. 30, 2024
Real Estate Assets Held for Development and Sale [Abstract]  
Assets Held for Sale or Contribution

NOTE 4. ASSETS HELD FOR SALE OR CONTRIBUTION

 

We had investments in certain real estate properties that met the criteria to be classified as held for sale or contribution at June 30, 2024 and December 31, 2023. At the time of classification, these properties were expected to be sold to third parties or were recently stabilized and expected to be contributed to unconsolidated co-investment ventures within twelve months. The amounts included in Assets Held for Sale or Contribution in the Consolidated Balance Sheets represented real estate investment balances and the related assets and liabilities.

 

Assets held for sale or contribution consisted of the following (dollars and square feet in thousands):

 

 

 

June 30,
2024

 

 

December 31,
2023

 

Number of operating properties

 

 

16

 

 

 

12

 

Square feet

 

 

5,387

 

 

 

3,469

 

Total assets held for sale or contribution

 

$

515,895

 

 

$

461,657

 

Total liabilities associated with assets held for sale or contribution – included in Other Liabilities

 

$

6,836

 

 

$

14,182