Annual report pursuant to Section 13 and 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)
 12 Months Ended
Dec. 31, 2024
Real Estate [Abstract]  
Schedule of Properties Disposed During the year ended December 31, 2024, we sold seven non-core properties, located in Columbus, Ohio; Draper, Utah; Richardson, Texas; Egg Harbor, New Jersey; Cumming, Georgia; Lawrenceville, Georgia; and Fridley, Minnesota, 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 Twelve Months Ended December 31, 2024 Aggregate Gain on Sale of Real Estate, net
486,927  $ 38,975  $ 1,340  $ 5,042  $ 10,300 
Schedule of 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 years ended December 31, 2024, 2023, and 2022, respectively (dollars in thousands):
  For the year ended December 31,
  2024 2023 2022
Operating revenue $ 2,081  $ 4,995  $ 9,206 
Operating expense 6,219  (1) 22,051  (3) 8,439 
Other income (expense), net 10,381  (2) (985) (1,335)
Income (expense) from real estate and related assets sold $ 6,243  $ (18,041) $ (568)
(1)Includes a $5.0 million impairment charge.
(2)Includes a $10.3 million gain on sale of real estate, net, from seven property sales and a $0.3 million gain on debt extinguishment from two property sales.
(3)Includes a $15.7 million impairment charge.
Schedule of Components of Assets and Liabilities Held for Sale
The table below summarizes the components of the assets held for sale at December 31, 2024 reflected on the accompanying consolidated balance sheet (dollars in thousands):

December 31, 2024 December 31, 2023
Total real estate held for sale $ 4,337  $ 27,496 
Lease intangibles, net 26  1,284 
Deferred rent receivable, net —  7 
Total Assets Held for Sale $ 4,363  $ 28,787 
Liabilities Held for Sale
Deferred rent liability, net $ —  $ 676 
Total Liabilities Held for Sale $ —  $ 676