REAL ESTATE (Tables)

9 Months Ended

Sep. 30, 2022

The financial information set forth below summarizes the Company’s purchase price allocation for Bel-Spring 520 during the nine months ended September 30, 2022 (in thousands):


	Bel-Spring 520
Land	$	13,744
Building	27,793
Land improvements	713
Furniture, fixtures, and equipment	1,833
Total real estate	44,083
Lease intangibles	2,036
Prepaid expenses and other assets	10
Assets acquired	$	46,129
Accounts payable and accrued expenses	$	(14)
Security deposits payable	(189)
Other liabilities and deferred credits	(641)
Liabilities assumed	$	(844)

Schedule of Acquiree Operating Results Since Acquisition Date

The following table summarizes the operating results for Bel-Spring 520 included in the Company's historical consolidated statement of operations for the period of acquisition through September 30, 2022 (in thousands):


	Bel-Spring 520
Revenues	$	1,733
Operating expenses	1,689
Operating income	44
Net income attributable to American Assets Trust, Inc.	$	44