v3.24.3
Acquisitions of Rental Property - Purchase Price Allocation for Real Estate Acquisitions (Detail) - USD ($)
$ in Thousands
Sep. 30, 2024
Sep. 30, 2023
Business Acquisition [Line Items]    
Business combination, recognized identifiable assets acquired and liabilities assumed, assets $ 288,754 $ 46,524
Land    
Business Acquisition [Line Items]    
Business combination, recognized identifiable assets acquired and liabilities assumed, property, plant, and equipment 56,397 2,461
Land Improvements    
Business Acquisition [Line Items]    
Business combination, recognized identifiable assets acquired and liabilities assumed, property, plant, and equipment 13,972 2,694
Buildings and Improvements    
Business Acquisition [Line Items]    
Business combination, recognized identifiable assets acquired and liabilities assumed, property, plant, and equipment 198,524 18,820
Property under development    
Business Acquisition [Line Items]    
Business combination, recognized identifiable assets acquired and liabilities assumed, property, plant, and equipment 0 20,315
Acquired In-Place Leases    
Business Acquisition [Line Items]    
Business combination, recognized identifiable assets acquired and liabilities assumed, Intangible assets [1] 23,336 2,400
Acquired Above-Market Lease    
Business Acquisition [Line Items]    
Business combination, recognized identifiable assets acquired and liabilities assumed, Intangible assets [2] 1,028 0
Acquired Below-Market Leases    
Business Acquisition [Line Items]    
Business combination, recognized identifiable assets acquired and liabilities assumed, Intangible assets [3] $ (4,503) $ (166)
[1] The weighted average amortization period for acquired in-place leases is 10 years and 15 years for acquisitions completed during the nine months ended September 30, 2024 and 2023, respectively.
[2] The weighted average amortization period for acquired above-market leases is 6 years for acquisitions completed during the nine months ended September 30, 2024. There were no above-market leases acquired during the nine months ended September 30, 2023.
[3] The weighted average amortization period for acquired below-market leases is 9 years and 20 years for acquisitions completed during the nine months ended September 30, 2024 and 2023, respectively.