Acquisitions and Dispositions (Tables)

3 Months Ended

Mar. 31, 2021

Real Estate [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table summarizes amounts recognized for each major class of assets (in thousands) for these acquisitions during the three months ended March 31, 2021:

Real estate assets	$	31,754
Lease related intangibles	3,078
Total acquired assets	$	34,832

Summary of Most Significant Assumptions utilized in the Estimations

The most significant assumptions used in calculating the "as-if vacant" value for acquisition activity during the three months ended March 31, 2021 are as follows:

	Low			High
Exit capitalization rate	4.50		%	5.00		%
Net rental rate per square foot	$	6.62		$	12.58