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Investments in Real Estate

6 Months Ended

Jun. 30, 2022

Investments [Abstract]

Investments in Real Estate

Investments in Real Estate

For the six months ended June 30, 2022, our investments had an aggregate purchase price of $25.7 million. As part of these investments, we incurred approximately $0.2 million of capitalized costs. The allocations for these investments, in which we own a controlling financial interest, are set forth below in the aggregate for the six months ended June 30, 2022 and 2021, respectively (in thousands):

			Six Months Ended June 30,
			2022						2021
Land			$	3,812					$	1,093
Building and improvements			19,761						45,629
In place leases			2,121						5,291
Below market leases			(28)						(79)
Above market leases			—						66
ROU assets			—						(1,372)
Net real estate assets acquired			25,666						50,628
Other, net			—						2,397
Aggregate purchase price			$	25,666					$	53,025

The acquired intangible assets and liabilities referenced above had weighted average lives of the following terms for the six months ended June 30, 2022 and 2021, respectively (in years):

			Six Months Ended June 30,
			2022						2021
Acquired intangible assets			4.2						4.2
Acquired intangible liabilities			4.1						5.7

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- Definition

The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable).

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-URI https://asc.fasb.org/topic&trid=2303972

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 20
-Section 50
-Paragraph 5
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=128092470&loc=d3e4946-128472

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- References

No definition available.

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