Lease Incentives (Tables)

6 Months Ended

Jun. 30, 2022

Lease Incentives

Summary of lease incentive activity

The following table summarizes our lease incentives activity for the six months ended June 30, 2022 and 2021 (in thousands):

				Six Months Ended June 30,
	2022										2021
		Adjustment			Funding		Amortization		Write-off			Funding		Amortization
Non-contingent lease incentives	$	(174)	(1)	$	8	$	(429)	$	(173)	(2)	$	180	$	(228)

(1) Primarily relates to the sale of two ALFs in California during the second quarter of 2022.

(2) Represents the lease incentive balance write-off related to a closed property and subsequent lease termination.