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Investments in Real Estate (Tables)
6 Months Ended
Jun. 30, 2019
Real Estate [Abstract]  
Schedule of Acquired Properties
The Company completed the following acquisition transactions during the six months ended June 30, 2019:
Property Type
Market
Acquisition Date
Initial
Cost
Basis
Primary
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

Industrial
Dallas, TX
April 2019
28,201

08/2023
2,420

 
23,330

 
2,451

Industrial
Spartanburg, SC
April 2019
33,253

01/2024
1,615

 
27,829

 
3,809

Industrial
Memphis, TN
May 2019
49,395

04/2024
2,646

 
40,452

 
6,297

Industrial
Memphis, TN
May 2019
18,316

05/2023
851

 
15,465

 
2,000

Industrial
Atlanta, GA
June 2019
45,441

05/2020
3,251

 
40,023

 
2,167

Industrial
Atlanta, GA
June 2019
27,353

05/2024
2,536

 
22,825

 
1,992

 
 
 
$
259,950

 
$
18,526

 
$
217,695

 
$
23,729


In addition, during the six months ended June 30, 2019, the Company entered into an agreement to purchase upon completion the expansion of the Richland, Washington industrial property for $67,000.