Assets Held for Sale

6 Months Ended

Jun. 30, 2022

Property, Plant and Equipment Assets Held-for-sale Disclosure [Abstract]

Assets Held for Sale

Note 3. ASSETS HELD FOR SALE

We have classified 9 sites and 12 sites as held for sale at June 30, 2022 and December 31, 2021, respectively, which are expected to be sold within one year of such classification. Assets held for sale were as follows (in thousands):

	June 30,			December 31,
	2022			2021
Land	$	3,111		$	3,042
Buildings and site improvements		1,840			2,231
Equipment		837			939
Total		5,788			6,212
Less accumulated depreciation		(1,139	)		(1,305	)
Assets held for sale	$	4,649		$	4,907

The Partnership has continued to focus on divesting lower performing assets. During the three and six months ended June 30, 2022, we sold five and nine properties for $2.3 million and $3.8 million in proceeds, resulting in a net gain of $0.5 million and $0.9 million, respectively. During the three and six months ended June 30, 2021, we sold six and nine properties for $3.0 million and $3.9 million in proceeds, resulting in net gains of $1.1 million and $1.1 million, respectively.

See Note 5 for information regarding impairment charges primarily recorded upon classifying sites within assets held for sale.