Quarterly report pursuant to Section 13 or 15(d)

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

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Real Estate Dispositions, Held for Sale and Impairment Charges (Tables)
9 Months Ended
Sep. 30, 2024
Real Estate [Abstract]  
Schedule of Properties Sold During the nine months ended September 30, 2024, we sold six non-core properties, located in Columbus, Ohio; Draper, Utah; Richardson, Texas; Egg Harbor, New Jersey; Cumming, Georgia; and Lawrenceville, Georgia, which are summarized in the table below (dollars in thousands):
Aggregate Square Footage Sold Aggregate Sales Price Aggregate Sales Costs Aggregate Impairment Charge for the Nine Months Ended September 30, 2024 Aggregate Gain on Sale of Real Estate, net
412,767  $ 36,325  $ 1,193  $ 493  $ 10,554 
Schedule of Components of Operating Income from Real Estate and Related Assets Disposed
The table below summarizes the components of operating income from real estate and related assets disposed of during the three and nine months ended September 30, 2024 and 2023 (dollars in thousands):

For the three months ended September 30, For the nine months ended September 30,
2024 2023 2024 2023
Operating revenue $ 80  $ 959  $ 1,400  $ 3,424 
Operating expense 9,149  (2) 969  (3) 14,902  (5)
Other income (expense), net 10,319  (1) (224) 10,636  (4) (748)
Income (expense) from real estate and related assets sold $ 10,395  $ (8,414) $ 11,067  $ (12,226)
(1)Includes a $10.3 million gain on sale of real estate, net, on the sale of two properties.
(2)Includes a $6.8 million impairment charge on one property.
(3)Includes a $0.5 million impairment charge on one property.
(4)Includes a $10.6 million gain on sale of real estate, net, on the sale of six properties and a $0.3 million gain on debt extinguishment, net, on the sale of two of those properties.
(5)Includes a $10.0 million impairment charge on three properties.
Schedule of Components of Assets and Liabilities Held for Sale
The table below summarizes the components of the assets and liabilities held for sale at September 30, 2024 and December 31, 2023 reflected on the accompanying condensed consolidated balance sheets (dollars in thousands):

September 30, 2024 December 31, 2023
Assets Held for Sale
Total real estate held for sale $ 16,528  $ 27,496 
Lease intangibles, net 436  1,284 
Deferred rent receivable, net — 
Total Assets Held for Sale $ 16,964  $ 28,787 
Liabilities Held for Sale
Deferred rent liability, net $ 169  $ 676 
Total Liabilities Held for Sale $ 169  $ 676