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Real Estate Investments (Tables) | 3 Months Ended
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Mar. 31, 2025
Real Estate Investments |
Schedule of assets acquired | The following summarizes the assets acquired during the periods presented (dollars in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended
​ | ​ | March 31, 2025 |  | March 31, 2024
Number of properties acquired | ​ | ​ | 46 | ​ | ​ | 31
Location (by state) | ​ | ​ | 23 | ​ | ​ | 22
Weighted-average lease term (years) | ​ | ​ | 13.4 | ​ | ​ | 8.2
​ | ​ | ​ | ​ | ​ | ​ | ​
Purchase price allocation, including acquisition and closing costs: | ​ | ​ | ​ | ​ | ​ | ​
Land | ​ | $ | 86,113 | ​ | $ | 31,034
Building and improvements | ​ | ​ | 214,873 | ​ | ​ | 83,211
Lease intangibles, net | ​ | ​ | 57,210 | ​ | ​ | 14,098
Total purchase price | ​ | $ | 358,196 | ​ | $ | 128,343
Schedule of Dispositions | The following summarizes the assets sold, net proceeds and the corresponding gain on sale of assets, net recognized during the periods presented (dollars in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended
​ | ​ | March 31, 2025 |  | March 31, 2024
Number of properties sold | ​ | ​ | 1 | ​ | ​ | 6
Net proceeds | ​ | $ | 2,383 | ​ | $ | 21,116
Gain on sale of assets, net | ​ | $ | 772 | ​ | $ | 2,096
Schedule of real estate properties held-for-sale | The Company classified one property as real estate held for sale as of March 31, 2025 and did not classify any properties as real estate held for sale as of December 31, 2024. Real estate held for sale, net in the condensed consolidated balance sheets is comprised of the following (in thousands):
​ | ​ | ​ | ​ | ​
​ |  | March 31, 2025 |
Land | ​ | $ | 1,200 | ​
Building | ​ |  | 128 | ​
​ | ​ |  | 1,328 | ​
Accumulated depreciation and amortization | ​ |  | (50) | ​
Total real estate held for sale, net | ​ | $ | 1,278 | ​

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