Investment in Real Estate Investment in Real Estate (Tables)

9 Months Ended

Sep. 30, 2017

Real Estate [Abstract]

Summary of Acquisition Purchase Price Allocation

	Purchase Price			Weighted Average Life (in Months)
Land	$	90,429		N/A
Building and Improvements	61,973			(A)
Other Assets	1,195			(B)
In-Place Leases	6,670			70
Above Market Leases	127			34
Below Market Leases	(1,420		)	85
Total Purchase Price (C)	$	158,974

(A) See Note 2 to the consolidated financial statements in our 2016 Form 10-K for the disclosure of useful lives of our Investment in Real Estate and our Depreciation policy.

(B) Represents leasing commissions, which are included in prepaid expenses and other assets, net on the consolidated balance sheets and amortized over the remaining term of each lease.

(C) Excludes costs incurred in conjunction with the acquisition of the industrial properties and land parcels.

The revenue and net income associated with the acquisition of the industrial properties, since their respective acquisition dates, are not significant for the nine months ended September 30, 2017.