DISPOSITIONS AND IMPAIRMENTS

6 Months Ended

Jun. 30, 2022

Discontinued Operations and Disposal Groups [Abstract]

DISPOSITIONS AND IMPAIRMENTS

NOTE 5—DISPOSITIONS AND IMPAIRMENTS

2022 Activity

During the six months ended June 30, 2022, we sold one vacant land parcel for $6.2 million and recognized a gain on the sale of this asset of $2.4 million.

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, which may include anticipated post-closing settlements of working capital for disposed properties (dollars in thousands):

	As of June 30, 2022					As of December 31, 2021
	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
SHOP	2	22,787		4,093		2	24,964		9,321
Office operations	3	8,981		1,778		2	3,435		1,529
Total	5	$	31,768	$	5,871	4	$	28,399	$	10,850

Real Estate Impairment

We recognized impairments of $26.9 million and $97.1 million for the six months ended June 30, 2022 and 2021, respectively, which are recorded primarily as a component of depreciation and amortization in our Consolidated Statements of Income. The impairments recorded were primarily the result of a change in the expected future cash flows of the subject properties or a change in our intent to hold the impaired assets.