Lease Incentives (Tables)

9 Months Ended

Sep. 30, 2022

Lease Incentives

Summary of lease incentive activity

September 30, 2022 and December 31, 2021 were $2,001,000 and $2,678,000, respectively. The following table summarizes our lease incentives activity for the nine months ended September 30, 2022 and 2021 (in thousands):

				Nine Months Ended September 30,
	2022										2021
		Adjustment			Funding		Amortization		Write-off			Funding		Amortization
Non-contingent lease incentives	$	(174)	(1)	$	418	$	(665)	$	(256)	(2)	$	650	$	(386)

(1) Primarily relates to the sale of two ALFs in California during the second quarter of 2022.

(2) Represents the lease incentive balance write-off related to a closed property and subsequent lease termination and lease incentive balance write-off related to 12 assisted living communities transitioned to an existing operator.