Investment in Real Estate

6 Months Ended

Jun. 30, 2022

Acquisitions

During the six months ended June 30, 2022, we acquired seven industrial properties comprised of approximately 0.3 million square feet of GLA and eight land parcels. We accounted for the properties and land parcels as asset acquisitions and therefore capitalized transaction costs to the basis of the acquired assets. The following table summarizes the allocation of the aggregate purchase price to each major asset class for the industrial properties and land parcels acquired during the six months ended June 30, 2022:


Land	$	153,254
Building and Improvements	26,165
In-Place Leases	5,573
Above Market Leases	23
Below Market Leases	(4,172)
Other Assets	1,887

Total Purchase Price	$	182,730

Real Estate Held for Sale

As of June 30, 2022, we had one industrial property comprised of approximately 0.3 million square feet of GLA held for sale.

Sales

During the six months ended June 30, 2022, we sold one land parcel. Gross proceeds from the sale were $1,390 and the gain on sale of real estate attributable to this sale was $297.