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Dispositions of Real Estate and Discontinued Operations
 9 Months Ended
Sep. 30, 2023
Discontinued Operations and Disposal Groups [Abstract]  
Dispositions of Real Estate and Discontinued Operations Dispositions of Real Estate and Discontinued Operations
2023 Dispositions of Real Estate
In January 2023, the Company sold two lab buildings in Durham, North Carolina, which were classified as held for sale as of December 31, 2022, for $113 million, resulting in total gain on sales of $60 million. Additionally, in March 2023, the Company sold two outpatient medical buildings for $32 million, resulting in total gain on sales of $21 million.
2022 Dispositions of Real Estate
During the three months ended March 31, 2022, the Company sold one lab building in Salt Lake City, Utah for $14 million, resulting in a gain on sale of $4 million.
During the three months ended June 30, 2022, the Company sold three outpatient medical buildings and one outpatient medical land parcel for $27 million, resulting in total gain on sales of $10 million.
During the three months ended September 30, 2022, the Company sold two outpatient medical buildings for $9 million, resulting in total gain on sales of $1 million.
Held for Sale and Discontinued Operations
As of September 30, 2023, one outpatient medical building was classified as held for sale, with a carrying value of $8 million, primarily comprised of net real estate assets. As of September 30, 2023, liabilities related to the asset held for sale were de minimis. As of December 31, 2022, two lab buildings were classified as held for sale, with an aggregate carrying value of $50 million, primarily comprised of net real estate assets of $44 million. As of December 31, 2022, liabilities related to these assets held for sale were $4 million. These two lab buildings were sold in January 2023, as discussed above.
In 2020, the Company concluded that the dispositions of its senior housing triple-net and SHOP portfolios represented a strategic shift that had a major effect on its operations and financial results. Therefore, the results of senior housing triple-net and SHOP assets are classified as discontinued operations in all periods presented herein.
At each of September 30, 2023 and December 31, 2022, the total assets and total liabilities classified as discontinued operations were zero.
The results of discontinued operations during the three and nine months ended September 30, 2023 and 2022 are presented below (in thousands) and are included in the consolidated results of operations for the three and nine months ended September 30, 2023 and 2022:
Three Months Ended
September 30,		Nine Months Ended
September 30,
2023202220232022
Revenues:
Resident fees and services$— $1,284 $— $6,765 
Total revenues— 1,284 — 6,765 
Costs and expenses:
Operating— 1,334 — 6,451 
Total costs and expenses— 1,334 — 6,451 
Other income (expense):
Gain (loss) on sales of real estate, net— (1,131)— 1,361 
Other income (expense), net— (7)— 12 
Total other income (expense), net— (1,138)— 1,373 
Income (loss) before income taxes and equity income (loss) from unconsolidated joint ventures— (1,188)— 1,687 
Income tax benefit (expense)— (110)— 260 
Equity income (loss) from unconsolidated joint ventures— — — 64 
Income (loss) from discontinued operations$— $(1,298)$— $2,011 
Impairments of Real Estate
During the three and nine months ended September 30, 2023 and 2022, the Company did not recognize any impairment charges.
Other Losses
During the nine months ended September 30, 2022, the Company recognized $14 million of expenses within other income (expense), net on the Consolidated Statements of Operations for tenant relocation and other costs associated with the demolition of an outpatient medical building.