DISPOSITIONS AND IMPAIRMENTS

9 Months Ended

Sep. 30, 2021

Discontinued Operations and Disposal Groups [Abstract]

NOTE 5—DISPOSITIONS AND IMPAIRMENTS

2021 Activity

During the nine months ended September 30, 2021, we sold 27 MOBs and six triple-net leased properties for aggregate consideration of $497.3 million and recognized a gain on the sales of these assets of $194.1 million.

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, which may include anticipated post-closing settlements of working capital for disposed properties.


	As of September 30, 2021					As of December 31, 2020
	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	$	1,414	$	621	1	$	4,960	$	2,690
Office Operations (1)	6	12,813		2,096		—	15		101
Senior Living Operations	25	302,542		17,801		1	4,633		455
Total	32	$	316,769	$	20,518	2	$	9,608	$	3,246

(1)2020 balances relate to anticipated post-closing settlements of working capital.

Real Estate Impairment

We recognized impairments of $173.0 million and $129.5 million, respectively, for the nine months ended September 30, 2021 and 2020, which are primarily recorded in depreciation and amortization in our Consolidated Statements of Income. The impairments recorded during 2021 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.