Investment in Real Estate

9 Months Ended

Sep. 30, 2022

Acquisitions

During the nine months ended September 30, 2022, we acquired ten industrial properties comprised of approximately 0.4 million square feet of GLA and 11 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, excluding transaction costs, to each major asset class for the industrial properties and land parcels acquired during the nine months ended September 30, 2022:


Land	$	220,634
Building and Improvements	42,982
In-Place Leases	8,664
Above Market Leases	23
Below Market Leases	(8,260)
Other Assets	2,867

Total Purchase Price	$	266,910

Sales

During the nine months ended September 30, 2022, we sold eight industrial buildings comprised of approximately 1.6 million square feet of GLA and one land parcel. Gross proceeds from the sales was $124,340 and the gain on sale of real estate attributable to these sales was $84,204.