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Real Estate Investments | 3 Months Ended
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Mar. 31, 2021
Real Estate Investments |
Real Estate Investments | Note 4 – Real Estate Investments Real Estate Portfolio As of March 31, 2021, the Company owned 1,213 properties, with a total gross leasable area (“GLA”) of approximately 24.2 million square feet. Net Real Estate Investments totaled $3.58 billion as of March 31, 2021. As of December 31, 2020, the Company owned 1,129 properties, with a total GLA of approximately 22.7 million square feet. Net Real Estate Investments totaled $3.30 billion as of December 31, 2020. Acquisitions During the three months ended March 31, 2021, the Company purchased 86 retail net lease assets for approximately $387.9 million, which includes acquisition and closing costs. These properties are located in 25 states and are leased for a weighted average lease term of approximately 12.9 years. The aggregate acquisitions for the three months ended March 31, 2021 were allocated $126.7 million to land, $168.2 million to buildings and improvements, $84.2 million to lease intangibles and $8.8 million to other assets. The acquisitions were all cash purchases and there was no material contingent consideration associated with these acquisitions. None of the Company’s acquisitions during the first three months of 2021 caused any new or existing tenant to comprise 10% or more of its total assets or generate 10% or more of its total annualized contractual base rent at March 31, 2021. Developments During the three months ended March 31, 2021, the Company completed one development or Partner Capital Solutions project. At March 31, 2021, the Company had three development or Partner Capital Solutions projects under construction. ​ Dispositions During the three months ended March 31, 2021, the Company sold three properties for net proceeds of $8.4 million and recorded a net gain of $2.9 million. Provisions for Impairment As a result of the Company’s review of real estate investments, it recognized no provisions for impairments for the three months ended March 31, 2021 and March 31, 2020, respectively.

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- Definition The entire disclosure for certain real estate investment financial statements, real estate investment trust operating support agreements, real estate owned, retail land sales, time share transactions, as well as other real estate related disclosures. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 970 -URI http://asc.fasb.org/topic&trid=2156125 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 978 -URI http://asc.fasb.org/topic&trid=2134977 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 976 -URI http://asc.fasb.org/topic&trid=2134846 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 974 -URI http://asc.fasb.org/topic&trid=2156429 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 972 -URI http://asc.fasb.org/topic&trid=2134617 + Details
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