Investment in Real Estate

9 Months Ended

Sep. 30, 2023

Acquisitions

During the nine months ended September 30, 2023, we acquired two industrial properties comprised of approximately 0.03 million square feet of GLA and five 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 nine months ended September 30, 2023:


Land	$	84,181
Building and Improvements	3,403
In-Place Leases	993

Below Market Leases	(1,093)
Other Assets	170

Total Purchase Price	$	87,654

Sales

During the nine months ended September 30, 2023, we sold four industrial properties comprised of approximately 0.2 million square feet of GLA and two land parcels. Gross proceeds from the sales were $61,443 and the gain on sale of real estate attributable to these sales was $47,421.