Investment in Real Estate Investment in Real Estate (Tables)

6 Months Ended

Jun. 30, 2018

Summary of Acquisition Purchase Price Allocation



	Purchase Price
Land	$	50,262
Building and Improvements	45,393
Other Assets (leasing commissions)	526
In-Place Leases	2,483
Above Market Leases	73
Below Market Leases	(737		)
Total Purchase Price	$	98,000
Assumed Mortgage Loan (Note 4)	(11,654		)
Total Net Assets Acquired	$	86,346

The revenue and net income associated with the acquisition of the industrial properties, since their respective acquisition dates, are not significant for the six months ended June 30, 2018.

Fair Value Measurements, Nonrecurring

The following table presents information about the one land parcel that was measured at fair value on a non-recurring basis and also indicates the fair value hierarchy of the valuation techniques we used to determine such fair value.



	Fair Value Measurements on a Non-Recurring Basis Using:
Description	At June 30, 2018		Quoted Prices in Active Markets for Identical Assets (Level 1)	Significant Other Observable Inputs (Level 2)	Unobservable Inputs (Level 3)		Total Impairment for the Six Months Ended
One land parcel	$	1,889	—	—	$	1,889	$	471

Fair Value Inputs, Assets, Quantitative Information

The following table presents quantitative information about the significant unobservable inputs we used to determine fair value of non-recurring items at June 30, 2018.



Quantitative Information about Level 3 Fair Value Measurements:
Description	Fair Value		Valuation Technique	Unobservable Inputs	Range
Impairment of one land parcel	$	1,889	Contracted Price	^(A)	N/A

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^(A)The fair value for the land parcel was based upon the value included in a third party purchase contract, which was subject to our corroboration for reasonableness.