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Assets Held For Sale
9 Months Ended
Sep. 30, 2020
Assets Held For Sale [Abstract]  
Assets Held For Sale 5. ASSETS HELD FOR SALE

We consider properties to be assets held for sale when all of the following criteria are met: (i) a formal commitment to a plan to sell a property has been made and exercised; (ii) the property is available for sale in its present condition; (iii) actions required to complete the sale of the property have been initiated; (iv) sale of the property is probable and we expect the sale will occur within one year; and (v) the property is being actively marketed for sale at a price that is reasonable given its current market value. Upon designation as an asset held for sale, we record the carrying value of each property at the lower of its carrying value or its estimated fair value, less estimated costs to sell, and depreciation of the property ceases. The net book value of assets held for sale is recorded in net property in the condensed consolidated balance sheet.

We had assets held for sale of $4.4 million at September 30, 2020. We had assets held for sale of $0.1 million at December 31, 2019. During the three and nine months ended September 30, 2020 and 2019, we did not sell any assets classified as held for sale.