Significant Transactions (Tables)

6 Months Ended

Jun. 30, 2023

Significant Transactions [Abstract]

Schedule of Acquisition

Summarized information regarding this acquisition is set forth in the table below (dollars in thousands):

Purchase price	$	298,000
Capitalized transaction costs	5,469
Total consideration (1)	$	303,469
Land	$	99,338
Building and improvements	187,427
Intangible assets (2)	12,077
Mark-to-market on debt assumed	7,370
Below-market lease liabilities (2)	(2,743)
Total consideration (1)	$	303,469

(1)Total consideration includes $101.2 million of debt assumed and the issuance of $22.4 million in common OP Units.

(2)Intangible assets and below-market lease liabilities have a weighted-average term of 1.4 years and 0.5 years, respectively.