Real Estate Assets, Net

3 Months Ended

Mar. 31, 2019

3. Real Estate Assets, Net

The following table presents the number of real estate assets held by the Company by status as of the dates indicated:



March 31, 2019	Held for Use	Held for Sale	Total Portfolio
Rental Properties:
Leased	13,788	—	13,788
Listed and ready for rent	260	—	260
Unit turn	378	—	378
Renovation	71	—	71
Total rental properties	14,497
Previous rentals identified for sale	120	193	313
Legacy REO	37	38	75
	14,654	231	14,885
December 31, 2018
Rental Properties:
Leased	13,546	423	13,969
Listed and ready for rent	434	8	442
Unit turn	428	18	446
Renovation	136	2	138
Total rental properties	14,544
Previous rentals identified for sale	158	188	346
Legacy REO	56	48	104
	14,758	687	15,445

For properties held for sale or identified for future sale, management has determined to divest these properties because they do not meet our residential rental property investment criteria.

Impairment on real estate

During the three months ended March 31, 2019 and 2018, we recognized no impairment on real estate held for use, and we recognized $1.0 million and $7.6 million, respectively, of impairment on our real estate held for sale.