Investment in Real Estate

6 Months Ended

Jun. 30, 2023

Acquisitions

During the six months ended June 30, 2023, we acquired two industrial properties comprised of approximately 0.03 million square feet of GLA and four land parcels. We accounted for the properties and land parcels as asset acquisitions and capitalized transaction costs to the basis of the acquired assets. The following table summarizes the allocation of the purchase price, excluding transaction costs, to each major asset class for the industrial properties and land parcels acquired during the six months ended June 30, 2023:


Land	$	80,781
Building and Improvements	3,403
In-Place Leases	993

Below Market Leases	(1,093)
Other Assets	170

Total Purchase Price	$	84,254

Real Estate Held for Sale

As of June 30, 2023, we had one industrial property comprised of approximately 0.01 million square feet of GLA held for sale.

Sales

During the six months ended June 30, 2023, we sold one industrial property comprised of approximately 0.2 million square feet of GLA and one land parcel. Gross proceeds from the sales were $16,709 and the gain on sale of real estate attributable to these sales was $13,053.