Real Estate Assets, Net

9 Months Ended

Sep. 30, 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:



September 30, 2019	Held for Use	Held for Sale	Total Portfolio
Rental Properties:
Leased	13,499	—	13,499
Listed and ready for rent	405	—	405
Unit turn	416	—	416
Renovation	83	—	83
Total rental properties	14,403
Previous rentals identified for sale	128	101	229
Legacy REO	24	18	42
	14,555	119	14,674
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 of real estate

During the three months ended September 30, 2019 and 2018, we recognized $0.5 million and $1.3 million, respectively, of impairment on our real estate assets held for sale.

During the nine months ended September 30, 2019 and 2018, we recognized $3.1 million and $11.0 million, respectively, of impairment on our real estate held for sale.