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IMPAIRMENT OF REAL ESTATE AND DISPOSITIONS
 12 Months Ended
Dec. 31, 2021
Discontinued Operations and Disposal Groups [Abstract]  
IMPAIRMENT OF REAL ESTATE AND DISPOSITIONS IMPAIRMENT OF REAL ESTATE AND DISPOSITIONS
Impairment of Real Estate
During the year ended December 31, 2021, the Company recognized a $9.5 million real estate impairment, of which $9.0 million related to one facility that was closed during the year and the remaining $0.5 million related to two facilities that have been sold.
During the year ended December 31, 2020, the Company recognized a $4.0 million real estate impairment related to four facilities that have been sold.
During the year ended December 31, 2019, the Company recognized a $121.8 million real estate impairment, of which $95.2 million related to 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 $26.6 million related to 10 facilities that have been sold.
To estimate the fair value of the impaired facilities, the Company utilized a market approach which considered binding sale agreements (Level 2 measurements), non-binding offers from unrelated third parties or model-derived valuations with significant unobservable inputs (Level 3 measurements), as applicable.
Dispositions
The following table summarizes the Company’s dispositions for the periods presented (dollars in millions):
Year Ended December 31,
202120202019
Number of facilities16846
Consideration, net of closing costs$103.4 $50.0 $323.6 
Net carrying value92.1 47.1 321.3 
Net gain on sale$11.3 $2.9 $2.3 
Net income (loss) (1)
$16.0 $5.9 $(102.2)
(1)    In addition to net gain on sale, net income (loss) includes impairment of real estate of $0.5 million, $4.0 million and $115.8 million for the years ended December 31, 2021, 2020 and 2019, respectively.
The sale of the disposition 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.