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IMPAIRMENT OF REAL ESTATE AND DISPOSITIONS
6 Months Ended
Jun. 30, 2020
Discontinued Operations and Disposal Groups [Abstract]  
IMPAIRMENT OF REAL ESTATE AND DISPOSITIONS IMPAIRMENT OF REAL ESTATE AND DISPOSITIONS
2020
Dispositions
During the six months ended June 30, 2020, the Company completed the sale of six skilled nursing/transitional care facilities for aggregate consideration, net of closing costs, of $24.3 million. The net carrying value of the assets and liabilities of these facilities was $24.2 million, which resulted in an aggregate $0.1 million net gain on sale.
During the six months ended June 30, 2020, the Company recognized $0.4 million of net income, which includes the $0.1 million net gain on sale, and during the six months ended June 30, 2019, recognized $9.9 million of net loss, which includes $10.6 million of real estate impairment, in each case from these facilities. The sale of these facilities does not represent a strategic shift that has or will have a major effect on the Company’s operations and financial results, and therefore the results of operations attributable to these facilities have remained in continuing operations.
2019
Impairment of Real Estate
During the six months ended June 30, 2019, the Company recognized a $105.1 million real estate impairment, of which $92.2 million related to the 30 Senior Care Centers facilities that the Company sold and one additional Senior Care Centers facility that the Company transitioned to another operator, and the remaining $12.9 million related to four additional skilled nursing/transitional care facilities which were subsequently sold.
Dispositions
During the six months ended June 30, 2019, the Company completed the sale of 31 skilled nursing/transitional care facilities and seven senior housing communities for aggregate consideration, net of closing costs, of $315.0 million. The net carrying value of the assets and liabilities of these facilities was $313.8 million, which resulted in an aggregate $1.2 million net gain on sale.
During the six months ended June 30, 2019, the Company recognized $65.1 million of net loss, which includes the $1.2 million net gain on sale and $69.1 million of real estate impairment, from these facilities. The sale of these facilities does not represent a strategic shift that has or will have a major effect on the Company’s operations and financial results, and therefore the results of operations attributable to these facilities have remained in continuing operations.