Real Estate Assets (Tables)

12 Months Ended

Dec. 31, 2022

Real Estate [Abstract]

Schedule of Investment Activity

During 2021, we acquired a portfolio of real estate assets from PAC. The portfolio consists of the following assets:

Asset	Market	Submarket/BBD	Square Footage
150 Fayetteville	Raleigh	CBD	560,000
CAPTRUST Towers	Raleigh	North Hills	300,000
Capitol Towers	Charlotte	SouthPark	479,000
Morrocroft Centre	Charlotte	SouthPark	291,000
Galleria 75 Redevelopment Site	Atlanta	Cumberland/Galleria

Asset Acquisition

The following table sets forth a summary of the relative fair value of the material assets acquired and liabilities assumed relating to this acquisition:

	Amount Recorded at Acquisition
Real estate assets (1)	$	593,039
Acquisition-related intangible assets (in deferred financing and leasing costs) (1)	$	61,126
Right of use asset (in prepaid expenses and other assets) (1)	$	8,440
Mortgages and notes payable	$	(403,000)
Debt issuance costs (in mortgages and notes payable) (1)	$	3,473
Acquisition-related intangible liabilities (in accounts payable, accrued expenses and other liabilities) (1)	$	(7,174)
Lease liability (in accounts payable, accrued expenses and other liabilities) (1)	$	(5,310)

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(1)Included in purchase price.