Investment in Real Estate

6 Months Ended

Jun. 30, 2024

Acquisitions

During the six months ended June 30, 2024, we acquired one industrial property comprised of approximately 0.05 million square feet of GLA. We accounted for the property as an asset acquisition and 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 six months ended June 30, 2024:


Land	$	12,069
Building and Improvements	1,809
In-Place Leases	1,283
Above Market Leases	218

Other Assets	371

Total Purchase Price	$	15,750

Sales

During the six months ended June 30, 2024, we sold 10 industrial properties comprised of approximately 0.5 million square feet of GLA. Gross proceeds from the sales were $56,507 and the gain on sale of real estate attributable to these sales was $36,987.

Real Estate Held for Sale

As of June 30, 2024, we had a portfolio of seven industrial properties comprised of approximately 0.4 million square feet of GLA held for sale. The Liabilities Held for Sale line item included on the Consolidated Balance Sheets is comprised of Operating Lease Liabilities and Rents Received in Advance and Security Deposits.