Real Estate (Tables)

9 Months Ended

Sep. 30, 2022

Real Estate [Abstract]

Schedule of property acquired

The Company accounted for this transaction as an acquisition of an asset, and the following table summarizes the allocation of the purchase price of this property (in thousands):

	725 Ponce
Tangible assets:
Operating properties	$	292,946
Tangible assets	292,946
Intangible assets:
In-place leases	12,788
Above market leases	1,770
Intangible assets	14,558
Intangible liabilities:
Above market leases	(6,739)
Intangible liabilities	(6,739)
Total net assets acquired	$	300,765