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Investment in Real Estate Investment in Real Estate (Tables) | 3 Months Ended
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Mar. 31, 2018
Real Estate [Abstract] |
Summary of Acquisition Purchase Price Allocation |
| Purchase Price
Land | $ | 24,146 |
Building and Improvements | 34,474 |
Other Assets (leasing commissions) | 526 |
In-Place Leases | 2,483 |
Above Market Leases | 73 |
Below Market Leases | (737 | )
Total Purchase Price (A) | $ | 60,965 |
Assumed Mortgage Loan (Note 4) | (11,654 | )
Total Net Assets Acquired | $ | 49,311 |
_______________ (A) Excludes closing costs incurred in conjunction with the acquisition of the industrial properties and the land parcel. The revenue and net income associated with the acquisition of the industrial properties, since their respective acquisition dates, are not significant for the three months ended March 31, 2018.
Fair Value Measurements, Nonrecurring Basis | The following table presents information about our real estate assets that were measured at fair value on a non-recurring basis and for which impairment charges were recorded during the three months ended March 31, 2018. The table also indicates the fair value hierarchy of the valuation techniques we used to determine such fair value.
| Fair Value Measurements on a Non-Recurring Basis Using: |  |
Description | At March 31, 2018 |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  | Significant Other Observable Inputs (Level 2) |  | Unobservable Inputs (Level 3) |  | Total Impairment for the Three Months Ended
Real estate assets | $ | 6,416 |  |  | — |  |  | — |  |  | $ | 6,416 |  |  | $ | 2,756 |
Quantitative Information about Level 3 Fair Value Measurements | The following table presents quantitative information about the significant unobservable inputs we used to determine fair value of non-recurring items at March 31, 2018.
Quantitative Information about Level 3 Fair Value Measurements:
Description |  | Fair Value |  | Valuation Technique |  | Unobservable Inputs |  | Range
Impairment of one industrial property comprising approximately 0.1 million square feet of GLA and one land parcel |  | $ | 6,416 |  |  | Contracted Price |  | (A) |  | N/A
_______________ (A) The fair value for both the industrial property and the land parcel was based upon the value included in a third party purchase contract, which was subject to our corroboration for reasonableness.

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- Definition Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19190-110258 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of quantitative information about the inputs used in the fair value measurement of assets. This disclosure may include, but is not limited to, the fair value of the asset, valuation technique used to measure fair value, the inputs used to measure fair value, the ranges of the inputs, and the weighted averages of the inputs. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of real estate properties and units in those properties that are included in the discussion of the nature of an entity's operations. + References No definition available. + Details
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