DISPOSITIONS

6 Months Ended

Jun. 30, 2019

Discontinued Operations and Disposal Groups [Abstract]

NOTE 4—DISPOSITIONS

2019 Activity

During the six months ended June 30, 2019, we sold seven triple-net leased properties, six MOBs and our leasehold interest in one vacant land parcel for aggregate consideration of $74.4 million, and we recognized a gain on the sale of these assets of $24.6 million.

Real Estate Impairment

We recognized impairments of $13.5 million and $10.7 million, respectively, for the six months ended June 30, 2019 and 2018, which are recorded in depreciation and amortization in our Consolidated Statements of Income, and relate primarily to our triple-net leased properties and office operations reportable business segments. Our recorded impairments were primarily the result of a change in our intent to hold the impaired assets. In most cases, we recognize an impairment in the periods in which our change in intent is made.

Assets Held for Sale

The table below summarizes our real estate assets classified as held for sale, including the amounts reported on our Consolidated Balance Sheets.



	As of June 30, 2019					As of December 31, 2018
	Number of Properties Held for Sale	Assets Held for Sale		Liabilities Related to Assets Held for Sale		Number of Properties Held for Sale	Assets Held for Sale			Liabilities Related to Assets Held for Sale
	(Dollars in thousands)
Triple-Net Leased Properties ⁽¹⁾	—	$	—	$	12	1	$	5,482		$	40
Office Operations ⁽¹⁾	—	37		927		—	160			152
Senior Living Operations ⁽¹⁾	1	1,717		277		—	(188		)	13
Total	1	$	1,754	$	1,216	1	$	5,454		$	205

⁽¹⁾ Balances may include anticipated post-closing settlements of working capital for disposed properties.