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Investment in Real Estate | 9 Months Ended
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Sep. 30, 2023
Real Estate [Abstract] |
Investment in Real Estate | Investment in Real Estate Acquisitions During the nine months ended September 30, 2023, we acquired two industrial properties comprised of approximately 0.03 million square feet of GLA and five land parcels. We accounted for the properties and land parcels as asset acquisitions and capitalized transaction costs to the basis of the acquired assets. The following table summarizes the allocation of the purchase price, excluding transaction costs, to each major asset class for the industrial properties and land parcels acquired during the nine months ended September 30, 2023:
Land | $ | 84,181 |
Building and Improvements | 3,403 |
In-Place Leases | 993 |
Below Market Leases | (1,093) |
Other Assets | 170 |
Total Purchase Price | $ | 87,654 |
Sales During the nine months ended September 30, 2023, we sold four industrial properties comprised of approximately 0.2 million square feet of GLA and two land parcels. Gross proceeds from the sales were $61,443 and the gain on sale of real estate attributable to these sales was $47,421.

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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 -Topic 976 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//976/tableOfContent Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 978 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//978/tableOfContent Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 970 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//970/tableOfContent Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 972 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//972/tableOfContent Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 974 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//974/tableOfContent + Details
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