XML 38 R28.htm IDEA: XBRL DOCUMENT v3.25.1
IMPAIRMENT OF REAL ESTATE INVESTMENTS, ASSETS HELD FOR SALE AND ASSET SALES - (Tables)
3 Months Ended
Mar. 31, 2025
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 months ended March 31, 2025 and 2024 (dollars in thousands):
Three Months Ended March 31,
20252024
Number of facilities(1)
Net sales proceeds(2)
$44,401 $1,046 
Net carrying value40,525 1,035 
Net gain on sale$3,876 $11 
(1) One non-operational previously impaired facility sold during the three months ended March 31, 2025 was not classified as held for sale as of December 31, 2024.
(2) Net sales proceeds for the three months ended March 31, 2024 includes $1.0 million of seller financing in connection with the sale of one ALF in January 2024.
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, 2024$57,261 10
Assets sold(40,525)(4)
March 31, 2025
$16,736 
December 31, 2023$15,011 14 
Additions to assets held for sale1,251 
Assets sold(1,035)(2)
Impairment of real estate held for sale(2,744)— 
March 31, 2024
$12,483 13