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Note 3 - Real Estate - Acquisition of Operating Properties (Details) $ in Thousands | 3 Months Ended
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Mar. 31, 2021 USD ($) ft²
Purchase price, cash | $ 86,312 |
Purchase price, other consideration | 17,688 | [1]
Purchase price, total | $ 104,000 |
GLA (Square Foot) | ft² | 1,435 | [2]
Distribution Center 1 [Member] | Lancaster, CA [Member] |  |
Purchase price, cash | $ 58,723 |
Purchase price, other consideration | 11,277 | [1]
Purchase price, total | $ 70,000 |
GLA (Square Foot) | ft² | 927 | [2]
Distribution Center 2 [Member] | Woodland, CA [Member] |  |
Purchase price, cash | $ 27,589 |
Purchase price, other consideration | 6,411 | [1]
Purchase price, total | $ 34,000 |
GLA (Square Foot) | ft² | 508 | [2]
[1] | Consists of the fair value of the assets acquired which exceeded the purchase price upon closing. The transaction was a sale leaseback with the seller which resulted in the recognition of a prepayment of rent of $17.7 million in accordance with ASC 842, Leases at closing. The prepayment of rent will be amortized through Revenues from rental properties, net over the initial term of the lease. See Footnote 10 to the Notes to the Company’s Condensed Consolidated Financial Statements for additional discussion regarding fair value allocation of partnership interest for noncontrolling interests.
[2] | Gross leasable area ("GLA")

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- Definition The amount of total consideration for purchase of assets. + References No definition available. + Details
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- Definition The cash outflow from the acquisition of a piece of land, anything permanently fixed to it, including buildings, structures on it and so forth; includes real estate intended to generate income for the owner; excludes real estate acquired for use by the owner. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 13 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=121586364&loc=d3e3213-108585 + Details
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