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Assets Held For Sale

3 Months Ended

Mar. 31, 2024

Discontinued Operations and Disposal Groups [Abstract]

NOTE 11. — ASSETS HELD FOR SALE

We evaluate the held for sale classification of our real estate as of the end of each quarter. Assets that are classified as held for sale are recorded at the lower of their carrying amount or fair value less costs to sell. As of March 31, 2024, 13 properties met the criteria to be classified as held for sale.

Real estate held for sale consisted of the following as of March 31, 2024 and December 31, 2023 (in thousands):


	March 31, 2024			December 31, 2023
Land	$	2,190		$	2,235
Buildings and improvements		3,441			3,520
		5,631			5,755
Accumulated depreciation and amortization		(3,248	)		(3,326	)
Real estate held for sale, net	$	2,383		$	2,429

During the three months ended March 31, 2024, we sold one property, resulting in an aggregate gain of $1.0 million which is included in gain on dispositions of real estate in our consolidated statements of operations.