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IMPAIRMENT OF REAL ESTATE INVESTMENTS, ASSETS HELD FOR SALE AND ASSET SALES - (Tables)
 9 Months Ended
Sep. 30, 2024
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Asset Sales and Held for Sale Reclassifications
The following table summarizes the Company’s dispositions for the three and nine months ended September 30, 2024 and 2023 (dollars in thousands):
Three Months Ended September 30,Nine Months Ended September 30,
2024202320242023
Number of facilities 11 — 144
Net sales proceeds(1)
$7,712 $— $8,852 $16,464 
Net carrying value9,998 — 11,106 14,506 
Net (loss) gain on sale$(2,286)$— $(2,254)$1,958 
(1) Net sales proceeds for the nine months ended September 30, 2024 includes $1.0 million of seller financing in connection with the sale of one ALF in January 2024. Net sales proceeds for the three and nine months ended September 30, 2024 includes $2.8 million of liabilities assumed by the buyer in connection with the sale of 11 SNFs. Net sales proceeds for the nine months ended September 30, 2023 includes $2.0 million of seller financing in connection with the sale of one ALF in June 2023.
The following table summarizes the Company’s assets held for sale activity for the periods presented (dollars in thousands):
Net Carrying ValueNumber of Facilities
December 31, 2023$15,011 14
Additions to assets held for sale54,021 10 
Assets sold(11,106)(14)
Impairment of real estate held for sale(36,872)— 
Assets reclassified to held for investment(5,008)(2)
September 30, 2024
$16,046 8 
December 31, 2022$12,291 5 
Additions to assets held for sale47,064 14 
Assets sold(14,506)(4)
Impairment of real estate held for sale(23,508)— 
September 30, 2023
$21,341 15