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Assets Held For Sale

9 Months Ended

Sep. 30, 2021

Discontinued Operations And Disposal Groups [Abstract]

NOTE 10. — 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 September 30, 2021, one property met the criteria to be classified as held for sale.

Real estate held for sale consisted of the following at September 30, 2021 and December 31, 2020 (in thousands):

	September 30, 2021			December 31, 2020
Land	$	66		$	—
Buildings and improvements		50			—
		116			—
Accumulated depreciation and amortization		(5	)		—
Real estate held for sale, net	$	111		$	—

During the nine months ended September 30, 2021, we sold six properties, in separate transactions, resulting in an aggregate gain of $9,559,000, which is included in gains on dispositions of real estate in our consolidated statements of operations. In addition, during the nine months ended September 30, 2021 we received funds from two property condemnations resulting in a gain of $159,000 and realized a loss of $168,000 related to lease expirations, which is included in gains on dispositions of real estate in our consolidated statements of operations.