Quarterly report pursuant to Section 13 or 15(d)

Real Estate Dispositions, Held for Sale and Impairment Charges (Tables)

v3.21.2
Real Estate Dispositions, Held for Sale and Impairment Charges (Tables)
 6 Months Ended
Jun. 30, 2021
Real Estate [Abstract]  
Summary of Sold Properties During the six months ended June 30, 2021, we sold two non-core properties, located in Rancho Cordova, California and Champaign, Illinois, which are summarized in the table below (dollars in thousands):
Aggregate Square Footage Sold Aggregate Sales Price Aggregate Sales Costs Aggregate loss on Sale of Real Estate, net
81,758  $ 5,473  $ 367  $ (882)
Components of Operating Income from Real Estate and Related Assets Disposed
The table below summarizes the components of operating income from the real estate and related assets disposed of during the three and six months ended June 30, 2021, and 2020 (dollars in thousands):

For the three months ended June 30, For the six months ended June 30,
2021 2020 2021 2020
Operating revenue $ 7  $ 227  $ 240  $ 454 
Operating expense 4  178  117  365 
Other expense, net —  (59) (1,622) (1) (118)
Income (loss) from real estate and related assets sold $ 3  $ (10) $ (1,499) $ (29)
(1)Includes a $0.9 million loss on sale of real estate, net, on two property sales.
Components of Assets and Liabilities Held for Sale
The table below summarizes the components of the assets and liabilities held for sale reflected on the accompanying condensed consolidated balance sheets (dollars in thousands):
 
December 31, 2020
Assets Held for Sale
Total real estate held for sale $ 8,114 
Lease intangibles, net 384 
Total Assets Held for Sale $ 8,498