As of September 30, 2025 and December 31, 2024, net property, plant and equipment and leasehold intangibles consisted of the following.


(in thousands)	September 30, 2025		December 31, 2024
Land	$	550,589	$	532,719
Buildings and improvements	5,829,815		5,667,855
Furniture and equipment	1,238,870		1,182,026
Resident in-place lease intangibles	268,182		281,041
Construction in progress	48,354		32,965
Assets under financing leases and leasehold improvements	849,260		1,245,791
Property, plant and equipment and leasehold intangibles	8,785,070		8,942,397
Accumulated depreciation and amortization	(4,461,501)		(4,347,996)
Property, plant and equipment and leasehold intangibles, net	$	4,323,569	$	4,594,401

Long-lived assets with definite useful lives are depreciated or amortized on a straight-line basis over their estimated useful lives (or, in certain cases, the shorter of their estimated useful lives or the lease term) and are tested for impairment whenever indicators of impairment arise. The Company recognized depreciation and amortization expense on its property, plant and equipment and leasehold intangibles of $94.8 million and $90.1 million for the three months ended September 30, 2025 and 2024, respectively, and $278.6 million and $264.2 million for the nine months ended September 30, 2025 and 2024, respectively.

The Company recognized $62.7 million and $65.1 million for the three and nine months ended September 30, 2025, respectively, of non-cash impairment charges in its operating results for its property, plant and equipment and leasehold intangibles assets primarily due to the planned disposition of certain underperforming communities resulting in a change in their intended holding periods. The Company recognized $0.9 million and $2.6 million for the three and nine months ended

September 30, 2024, respectively, of non-cash impairment charges in its operating results for its property, plant and equipment and leasehold intangibles assets primarily due to property damage sustained at certain communities.

As of September 30, 2025, four communities in the Assisted Living and Memory Care segment and two communities in the CCRCs segment were classified as held for sale, resulting in $68.8 million of net property, plant and equipment and leasehold intangibles assets being recognized as assets held for sale within the condensed consolidated balance sheet. The closings of the sales of the communities are subject to the satisfaction of various closing conditions, including (where applicable) the receipt of regulatory approvals. There can be no assurance that the transactions will close or, if they do, when the actual closings will occur.