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Real Estate Assets, Net
 6 Months Ended
Jun. 30, 2020
Real Estate [Abstract]  
Real Estate Assets, Net
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:
June 30, 2020Held for UseHeld for SaleTotal Portfolio
Rental Properties:
Leased 14,221  —  14,221  
Listed and ready for rent94  —  94  
Unit turn160  —  160  
Renovation37  —  37  
Total rental properties14,512  
Previous rentals identified for sale91  29  120  
Legacy REO5  3  8  
14,608  32  14,640  
December 31, 2019
Rental Properties:
Leased 13,711  —  13,711  
Listed and ready for rent371  —  371  
Unit turn369  —  369  
Renovation94  —  94  
Total rental properties14,545  
Previous rentals identified for sale94  87  181  
Legacy REO10  12  22  
14,649  99  14,748  

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 June 30, 2020 and 2019, we recognized $0.7 million and $1.6 million, respectively, of impairment on our real estate assets held for sale.

During the six months ended June 30, 2020 and 2019, we recognized $0.9 million and $2.6 million, respectively, of impairment on our real estate assets held for sale.