Investment in Real Estate

3 Months Ended

Mar. 31, 2023

Real Estate [Abstract]

Investment in Real Estate

Investment in Real Estate

Acquisitions

During the three months ended March 31, 2023, we acquired one industrial property comprised of approximately 0.02 million square feet of GLA. We accounted for the property as an asset acquisition and therefore capitalized transaction costs to the basis of the acquired asset. The following table summarizes the allocation of the purchase price, excluding transaction costs, to each major asset class for the industrial property acquired during the three months ended March 31, 2023:

Land	$	3,091
Building and Improvements	2,593
In-Place Leases	316
Total Purchase Price	$	6,000