v3.22.2.2
Acquisitions of Rental Property - Purchase Price Allocation for Real Estate Acquisitions (Detail) - USD ($)
$ in Thousands
Sep. 30, 2022
Sep. 30, 2021
Business Acquisition [Line Items]    
Non-real estate liabilities assumed $ (8,051) $ 0
Business combination, recognized identifiable assets acquired and liabilities assumed, assets 584,071 516,136 [1]
Land    
Business Acquisition [Line Items]    
Business combination, recognized identifiable assets acquired and liabilities assumed, property, plant, and equipment 101,278 72,829
Land Improvements    
Business Acquisition [Line Items]    
Business combination, recognized identifiable assets acquired and liabilities assumed, property, plant, and equipment 37,578 22,103
Buildings and Improvements    
Business Acquisition [Line Items]    
Business combination, recognized identifiable assets acquired and liabilities assumed, property, plant, and equipment 406,994 379,946
Acquired In-Place Leases    
Business Acquisition [Line Items]    
Business combination, recognized identifiable assets acquired and liabilities assumed, Intangible assets [2] (46,348) (40,865)
Acquired Above-Market Lease    
Business Acquisition [Line Items]    
Business combination, recognized identifiable assets acquired and liabilities assumed, Intangible assets 0 (211) [3]
Acquired Below-Market Leases    
Business Acquisition [Line Items]    
Business combination, recognized identifiable assets acquired and liabilities assumed, Intangible assets [4] (76) 0
Right-of-use asset    
Business Acquisition [Line Items]    
Business combination, recognized identifiable assets acquired and liabilities assumed, Intangible assets 0 (663)
Lease liability    
Business Acquisition [Line Items]    
Business combination, recognized identifiable assets acquired and liabilities assumed, Intangible assets $ 0 $ (481)
[1] Excludes $17.4 million building expansion agreed to as a forward commitment in connection with a prior acquisition (see Note 18)
[2] The weighted average amortization period for acquired in-place leases is 20 years and 17 years for acquisitions completed during the nine months ended September 30, 2022 and 2021, respectively.
[3] The weighted average amortization period for the acquired above-market leases is 10 years for acquisitions completed during the nine months ended September 30, 2021. There were no above-market leases acquired during the nine months ended September 30, 2022.
[4] The weighted average amortization period for acquired below-market leases is 9 years for acquisitions completed during the nine months ended September 30, 2022. There were no below-market leases acquired during the nine months ended September 30, 2021.