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Investment in Real Estate | 6 Months Ended
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Jun. 30, 2022
Real Estate [Abstract] |
Investment in Real Estate | Investment in Real Estate Acquisitions During the six months ended June 30, 2022, we acquired seven industrial properties comprised of approximately 0.3 million square feet of GLA and eight land parcels. We accounted for the properties and land parcels as asset acquisitions and therefore capitalized transaction costs to the basis of the acquired assets. The following table summarizes the allocation of the aggregate purchase price to each major asset class for the industrial properties and land parcels acquired during the six months ended June 30, 2022:
Land | $ | 153,254 |
Building and Improvements | 26,165 |
In-Place Leases | 5,573 |
Above Market Leases | 23 |
Below Market Leases | (4,172) |
Other Assets | 1,887 |
Total Purchase Price | $ | 182,730 |
Real Estate Held for Sale As of June 30, 2022, we had one industrial property comprised of approximately 0.3 million square feet of GLA held for sale. Sales During the six months ended June 30, 2022, we sold one land parcel. Gross proceeds from the sale were $1,390 and the gain on sale of real estate attributable to this sale was $297.

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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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