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Dispositions and Assets Held for Sale
6 Months Ended
Jun. 30, 2018
Discontinued Operations and Disposal Groups [Abstract]  
Dispositions and Assets Held for Sale
Dispositions and Assets Held for Sale
We periodically sell properties for various reasons, including favorable market conditions, the exercise of tenant purchase options or reduction of concentrations (e.g., property type, relationship or geography). At June 30, 2018, 35 triple-net, 18 seniors housing operating and two outpatient medical properties with an aggregate real estate balance of $547,321,000 were classified as held for sale. During the six months ended June 30, 2018, we recorded impairment charges of $32,817,000 on certain held for sale properties for which the carrying values exceeded the fair values, less estimated costs to sell if applicable. The following is a summary of our real property disposition activity for the periods presented (in thousands):
 
 
Six Months Ended
 
 
June 30, 2018
 
June 30, 2017
Real estate dispositions:
 
 
 
 
Triple-net
 
$
367,978

 
$
882,436

Seniors housing operating
 
2,200

 
13,845

Outpatient medical
 
223,069

 

Total dispositions
 
593,247

 
896,281

Gain (loss) on real estate dispositions, net
 
348,939

 
286,247

Net other assets/liabilities disposed
 
5,032

 
21,254

Proceeds from real estate dispositions
 
$
947,218

 
$
1,203,782


     Dispositions and Assets Held for Sale
Pursuant to our adoption of ASU No. 2014-08, “Presentation of Financial Statements (Topic 205) and Property, Plant and Equipment (Topic 360): Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity”, operating results attributable to properties sold subsequent to or classified as held for sale after January 1, 2014 and which do not meet the definition of discontinued operations are no longer reclassified on our Consolidated Statements of Comprehensive Income.  The following represents the activity related to these properties for the periods presented (in thousands):
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
 
2018
 
2017
 
2018
 
2017
Revenues:
 
 
 
 
 
 
 
 
Total revenues
 
$
35,236

 
$
60,241

 
$
78,459

 
$
135,348

Expenses:
 

 

 

 

Interest expense
 
120

 
1,540

 
264

 
4,266

Property operating expenses
 
22,364

 
22,365

 
45,516

 
46,606

Provision for depreciation
 
2,555

 
12,455

 
6,874

 
24,749

Total expenses
 
25,039

 
36,360

 
52,654

 
75,621

Income (loss) from real estate dispositions, net
 
$
10,197

 
$
23,881

 
$
25,805

 
$
59,727