Assets Held for Sale or Contribution

9 Months Ended

Sep. 30, 2021

Real Estate Assets Held For Development And Sale [Abstract]

Assets Held for Sale or Contribution

NOTE 5. 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 September 30, 2021 and December 31, 2020. 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 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):

	September 30,		December 31,
	2021		2020 (1)
Number of operating properties		17		66
Square feet		5,856		12,923
Total assets held for sale or contribution	$	571,671	$	1,070,724
Total liabilities associated with assets held for sale or contribution – included in Other Liabilities	$	6,178	$	16,214

(1) At December 31, 2020, Assets Held for Sale or Contribution included certain properties acquired through the Liberty Transaction and the IPT Transaction that were subsequently sold during 2021.