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Investments in Real Estate (Tables)
3 Months Ended
Mar. 31, 2019
Real Estate [Abstract]  
Schedule of Acquired Properties
The Company completed the following acquisition transactions during the three months ended March 31, 2019:
Property Type
Market
Acquisition Date
Initial
Cost
Basis
Lease Expiration
Land
 
Building and Improvements
 
Lease in-place Value Intangible
Industrial
Indianapolis, IN
January 2019
$
20,809

07/2025
$
1,954

 
$
16,820

 
$
2,035

Industrial
Atlanta, GA
February 2019
37,182

10/2023
3,253

 
30,951

 
2,978

 
 
 
$
57,991

 
$
5,207

 
$
47,771

 
$
5,013


In addition, during the three months ended March 31, 2019, the Company entered into an agreement to purchase upon completion the expansion of the Richland, Washington industrial property for $67,000.