DISPOSITIONS

3 Months Ended

Mar. 31, 2019

Discontinued Operations and Disposal Groups [Abstract]

DISPOSITIONS

NOTE 4—DISPOSITIONS

2019 Activity

During the three months ended March 31, 2019, we sold one triple-net leased property and three MOBs for aggregate consideration of $17.6 million, and we recognized a gain on the sale of these assets of $5.4 million.

Real Estate Impairment

We recognized impairments of $10.2 million and $7.0 million, respectively, for the three months ended March 31, 2019 and 2018, which are recorded in depreciation and amortization in our Consolidated Statements of Income, and relate to our triple-net leased properties and office operations reportable business segments. Our recorded impairments were primarily the result of a change in our intent to hold the impaired assets. In most cases, we recognize an impairment in the periods in which our change in intent is made.

Assets Held for Sale

The table below summarizes our real estate assets classified as held for sale, including the amounts reported on our Consolidated Balance Sheets.

	As of March 31, 2019					As of December 31, 2018
	Number of Properties Held for Sale	Assets Held for Sale		Liabilities Related to Assets Held for Sale		Number of Properties Held for Sale	Assets Held for Sale			Liabilities Related to Assets Held for Sale
	(Dollars in thousands)
Triple-Net Leased Properties	1	$	3,293	$	235	1	$	5,482		$	40
Office Operations (1)	2	2,518		704		—	160			152
Senior Living Operations (1)	—	167		8		—	(188		)	13
Total	3	$	5,978	$	947	1	$	5,454		$	205

⁽¹⁾ Balances relate to anticipated post-closing settlements of working capital.