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Property Dispositions
6 Months Ended
Jun. 30, 2026
Discontinued Operations and Disposal Groups [Abstract]  
Property Dispositions

3.

Property Dispositions

 

The following table provides a summary of consolidated operating properties and land parcels sold during the current period:

 

 

 

Three months ended June 30,

 

 

Six months ended June 30,

 

(in thousands, except number sold data)

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Net proceeds from sale of real estate investments

 

$

2,052

 

 

 

7,165

 

 

$

13,882

 

 

 

7,165

 

Gain (Loss) on sale of real estate, net of tax

 

 

268

 

 

 

(294

)

 

 

7,462

 

 

 

(193

)

Provision for impairment of real estate sold (1)

 

 

 

 

 

554

 

 

 

 

 

 

554

 

Number of operating properties sold

 

 

1

 

 

 

1

 

 

 

1

 

 

 

1

 

Number of land parcels sold

 

 

1

 

 

 

 

 

 

3

 

 

 

 

Percent interest sold

 

100%

 

 

100%

 

 

100%

 

 

100%

 

(1)
The Company recognized a total Provision for impairment of $1.3 million during the three and six months ended June 30, 2025 which includes a $0.7 million impairment charge related to the operating property held for sale as of June 30, 2025 and subsequently sold in July 2025.