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Impairment
12 Months Ended
Dec. 31, 2020
Asset Impairment Charges [Abstract]  
Impairment

Note 10.     Impairment

The following impairment charges were recorded on the following assets based on the difference between the carrying amount of the assets and the estimated fair value (see Note 19 for additional fair value information) (in thousands):

    

Year Ended December 31, 

    

2020

    

2019

    

2018

Operating expenses:

  

  

  

Properties held for sale, under contract for sale or sold (1)

$

24,109

$

$

9,969

Land held for development and undeveloped land (1)

 

44

 

74

 

151

Total impairment charges

 

24,153

 

74

 

10,120

Other financial statement captions impacted by impairment:

 

  

 

  

 

  

Equity in earnings of real estate joint ventures and partnerships, net (1)

 

 

3,070

 

Net income attributable to noncontrolling interests

 

 

(17)

 

(17)

Net impact of impairment charges

$

24,153

$

3,127

$

10,103

(1)Amounts reported were based on changes in management’s plans or intent for the properties or investments in real estate joint ventures and partnerships, third party offers, recent comparable market transactions and/or a change in market conditions.