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Real Estate Investments | 6 Months Ended
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Jun. 30, 2022
Business Combination and Asset Acquisition [Abstract] |
Real Estate Investments | Real Estate Investments 2022 Company Acquisitions The following table details the Company's acquisitions for the six months ended June 30, 2022:
Dollars in thousands | DATE ACQUIRED | PURCHASE PRICE |  |  | CASH CONSIDERATION 1 | REAL ESTATE 2 | OTHER 3 | SQUARE FOOTAGE
Dallas, TX | 2/11/22 | $ | 8,175 |  |  |  | $ | 8,185 |  | $ | 8,202 |  | $ | (17) |  | 18,000 |
San Francisco, CA 4 | 3/7/22 | 114,000 |  |  |  | 112,986 |  | 108,687 |  | 4,299 |  | 166,396 |
Atlanta, GA | 4/7/22 | 6,912 |  |  |  | 7,054 |  | 7,178 |  | (124) |  | 21,535 |
Denver, CO | 4/13/22 | 6,320 |  |  |  | 5,254 |  | 5,269 |  | (15) |  | 12,207 |
Colorado Springs, CO 5 | 4/13/22 | 13,680 |  |  |  | 13,686 |  | 13,701 |  | (15) |  | 25,800 |
Seattle, WA | 4/28/22 | 8,350 |  |  |  | 8,334 |  | 8,370 |  | (36) |  | 13,256 |
Houston, TX | 4/28/22 | 36,250 |  |  |  | 36,299 |  | 36,816 |  | (517) |  | 76,781 |
Los Angeles, CA | 4/29/22 | 35,000 |  |  |  | 35,242 |  | 25,400 |  | 9,842 |  | 34,282 |
Oklahoma City, OK | 4/29/22 | 11,100 |  |  |  | 11,259 |  | 11,334 |  | (75) |  | 34,944 |
Raleigh, NC 4 | 5/31/22 | 27,500 |  |  |  | 26,710 |  | 27,127 |  | (417) |  | 85,113 |
Tampa, FL 5 | 6/9/22 | 18,650 |  |  |  | 18,619 |  | 18,212 |  | 407 |  | 55,788 |
Total real estate acquisitions |  | $ | 285,937 |  |  |  | $ | 283,628 |  | $ | 270,296 |  | $ | 13,332 |  | 544,102 |
1 Cash consideration excludes prorations of revenue and expense due to/from seller at the time of the acquisition. 2 Excludes financing right of use assets. 3 Includes other assets acquired, liabilities assumed, and intangibles recognized at acquisition. 4 Includes three properties. 5 Includes two properties. Subsequent to June 30, 2022 and unrelated to the Merger, the Company acquired the following property:
Dollars in thousands | DATE ACQUIRED | PURCHASE PRICE |  |  |  |  |  | SQUARE FOOTAGE
Seattle, WA | 8/1/22 | $ | 4,850 |  |  |  |  |  |  | 10,593 |
2022 TIAA Joint Venture Acquisitions The TIAA Joint Venture is not consolidated for purposes of the Company's Condensed Consolidated Financial Statements. The following table details the TIAA Joint Venture acquisitions for the six months ended June 30, 2022:
Dollars in thousands | DATE ACQUIRED | PURCHASE PRICE |  |  | CASH CONSIDERATION 1 | REAL ESTATE | OTHER 2 | SQUARE FOOTAGE | COMPANY OWNERSHIP %
San Francisco, CA 3 | 3/7/22 | $ | 67,175 |  |  |  | $ | 66,789 |  | $ | 65,179 |  | $ | 1,610 |  | 110,865 |  | 50 | %
Los Angeles, CA 4 | 3/7/22 | 33,800 |  |  |  | 32,384 |  | 32,390 |  | (6) |  | 103,259 |  | 50 | %
Total real estate acquisitions |  | $ | 100,975 |  |  |  | $ | 99,173 |  | $ | 97,569 |  | $ | 1,604 |  | 214,124 |  |
1 Cash consideration excludes prorations of revenue and expense due to/from seller at the time of the acquisition. 2 Includes other assets acquired, liabilities assumed, and intangibles recognized at acquisition. 3 Includes three properties. 4 Includes two properties. Unconsolidated Joint Ventures The Company's investment in and loss recognized for the three and six months ended June 30, 2022 and 2021 related to its joint ventures accounted for under the equity method are shown in the table below:
| THREE MONTHS ENDED June 30, | SIX MONTHS ENDED June 30, |
Dollars in thousands | 2022 | 2021 | 2022 | 2021 |
Investments in unconsolidated joint ventures, beginning of period 1 | $ | 211,195 |  | $ | 83,943 |  | $ | 161,942 |  | $ | 73,137 |  |
New investments during the period | — |  | 34,138 |  | 49,599 |  | 45,018 |  |
Equity loss recognized during the period 1 | (307) |  | (146) |  | (652) |  | (220) |  |
Owner Distributions | (107) |  | — |  | (108) |  | — |  |
Investments in unconsolidated joint ventures, end of period 1 | $ | 210,781 |  | $ | 117,935 |  | $ | 210,781 |  | $ | 117,935 |  |
1 In addition to the TIAA Joint Venture, the Company also has a 55% and 27% ownership interest, respectively, in two limited liability companies that each own a parking garage in Atlanta, Georgia. 2022 Real Estate Asset Dispositions The following table details the Company's dispositions for the six months ended June 30, 2022:
Dollars in millions | DATE DISPOSED | SALE PRICE | CLOSING ADJUSTMENTS | NET PROCEEDS | NET REAL ESTATE INVESTMENT | OTHER (INCLUDING RECEIVABLES) 1 | GAIN/(IMPAIRMENT) | SQUARE FOOTAGE
Loveland, CO 2 | 2/24/22 | $ | 84,950 |  | $ | (45) |  | $ | 84,905 |  | $ | 40,095 |  | $ | 4 |  | $ | 44,806 |  | 150,291 |
San Antonio, TX 2 | 4/15/22 | 25,500 |  | (2,272) |  | 23,228 |  | 14,381 |  | 284 |  | 8,563 |  | 201,523 |
Total dispositions |  | $ | 110,450 |  | $ | (2,317) |  | $ | 108,133 |  | $ | 54,476 |  | $ | 288 |  | $ | 53,369 |  | 351,814 |
1 Includes straight-line rent receivables, leasing commissions and lease inducements. 2 Includes two properties. Assets Held for Sale The Company did not have any properties classified as assets held for sale as of June 30, 2022 and December 31, 2021. The table below reflects the assets and liabilities of the properties classified as held for sale as of June 30, 2022 and December 31, 2021:
Dollars in thousands |  | June 30, 2022 |  | December 31, 2021
Other assets, net |  | $ | — |  |  | $ | 57 |
Assets held for sale, net |  | $ | — |  |  | $ | 57 |
Accounts payable and accrued liabilities |  | $ | — |  |  | $ | 169 |
Other liabilities |  | — |  |  | 125 |
Liabilities of assets held for sale |  | $ | — |  |  | $ | 294 |

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