Real Estate Investments	9 Months Ended
Sep. 30, 2021
Real Estate Investments
Real Estate Investments	Note 4 – Real Estate Investments Real Estate Portfolio As of September 30, 2021, the Company owned 1,338 properties, with a total gross leasable area (“GLA”) of approximately 27.7 million square feet. Net Real Estate Investments totaled $4.11 billion as of September 30, 2021. As of December 31, 2020, the Company owned 1,129 properties, with a total GLA of approximately 22.7 million square feet. Net Real Estate Investments totaled $3.30 billion as of December 31, 2020. Acquisitions During the three months ended September 30, 2021, the Company purchased 80 retail net lease assets for approximately $340.6 million, which includes acquisition and closing costs. These properties are located in 28 states and are leased for a weighted average lease term of approximately 10.7 years. During the nine months ended September 30, 2021, the Company purchased 219 retail net lease assets for approximately $1,075.1 million, which includes acquisition and closing costs. These properties are located in 40 states and are leased for a weighted average lease term of approximately 11.9 years. The aggregate acquisitions for the nine months ended September 30, 2021 were allocated $364.6 million to land, $485.8 million to buildings and improvements, $215.9 million to lease intangibles and $8.8 million to other assets. The acquisitions were all cash purchases and there was no material contingent consideration associated with these acquisitions. None of the Company’s acquisitions during the first nine months of 2021 caused any new or existing tenant to comprise 10% or more of its total assets or generate 10% or more of its total annualized contractual base rent at September 30, 2021. Developments During the three months ended September 30, 2021, the Company commenced one development or Partner Capital Solutions project. At September 30, 2021, the Company had three development or Partner Capital Solutions projects under construction. During the nine months ended September 30, 2021, the Company completed four development or Partner Capital Solutions projects. Dispositions During the three months ended September 30, 2021, the Company sold three properties for net proceeds of $11.5 million and recorded a net gain of $3.5 million. During the nine months ended September 30, 2021, the Company sold 13 properties for net proceeds of $46.8 million and recorded a net gain of $13.2 million. Provisions for Impairment As a result of the Company’s review of real estate investments, it recognized no provisions for impairments for each of the three and nine months ended September 30, 2021 and $2.9 million and $4.0 million for the three and nine months ended September 30, 2020, respectively.

Real Estate Investments

9 Months Ended

Sep. 30, 2021

Note 4 – Real Estate Investments

Real Estate Portfolio

As of September 30, 2021, the Company owned 1,338 properties, with a total gross leasable area (“GLA”) of approximately 27.7 million square feet. Net Real Estate Investments totaled $4.11 billion as of September 30, 2021. As of December 31, 2020, the Company owned 1,129 properties, with a total GLA of approximately 22.7 million square feet. Net Real Estate Investments totaled $3.30 billion as of December 31, 2020.

Acquisitions

During the three months ended September 30, 2021, the Company purchased 80 retail net lease assets for approximately $340.6 million, which includes acquisition and closing costs. These properties are located in 28 states and are leased for a weighted average lease term of approximately 10.7 years.

During the nine months ended September 30, 2021, the Company purchased 219 retail net lease assets for approximately $1,075.1 million, which includes acquisition and closing costs. These properties are located in 40 states and are leased for a weighted average lease term of approximately 11.9 years.

The aggregate acquisitions for the nine months ended September 30, 2021 were allocated $364.6 million to land, $485.8 million to buildings and improvements, $215.9 million to lease intangibles and $8.8 million to other assets. The acquisitions were all cash purchases and there was no material contingent consideration associated with these acquisitions. None of the Company’s acquisitions during the first nine months of 2021 caused any new or existing tenant to comprise 10% or more of its total assets or generate 10% or more of its total annualized contractual base rent at September 30, 2021.

Developments

During the three months ended September 30, 2021, the Company commenced one development or Partner Capital Solutions project. At September 30, 2021, the Company had three development or Partner Capital Solutions projects under construction.

During the nine months ended September 30, 2021, the Company completed four development or Partner Capital Solutions projects.

Dispositions

During the three months ended September 30, 2021, the Company sold three properties for net proceeds of $11.5 million and recorded a net gain of $3.5 million.

During the nine months ended September 30, 2021, the Company sold 13 properties for net proceeds of $46.8 million and recorded a net gain of $13.2 million.

Provisions for Impairment

As a result of the Company’s review of real estate investments, it recognized no provisions for impairments for each of the three and nine months ended September 30, 2021 and $2.9 million and $4.0 million for the three and nine months ended September 30, 2020, respectively.