XML 35 R25.htm IDEA: XBRL DOCUMENT
v3.23.1

Real Estate Investments, Net (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2023
Real Estate [Abstract] |
Schedule of Allocation of Assets Acquired and Liabilities Assumed | The following table presents the allocation of the assets acquired and liabilities assumed during the three months ended March 31, 2023, and, in the case of assets located outside of the United States, based on the applicable exchange rate at the time of purchase. All acquisitions were considered asset acquisitions for accounting purposes. The Company did not acquire any properties in the three months ended March 31, 2022.
|  | Three Months Ended March 31,
(Dollar amounts in thousands) |  | 2023 |  |
Real estate investments, at cost: |  |  |  |
Land |  | $ | 4,757 |  |  |
Buildings, fixtures and improvements |  | 30,087 |  |  |
Total tangible assets |  | 34,844 |  |  |
Intangibles acquired: |  |  |  |
In-place leases |  | 4,128 |  |  |
Above-market lease assets |  | 40,964 |  |  |
Total Intangible assets and liabilities |  | 45,092 |  |  |
ROU asset |  | 1,426 |  |  |
Mortgage note payable |  | — |  |  |
Cash paid for acquired real estate investments |  | 81,362 |  |  |
Number of properties purchased |  | $ | 8 |  |  |
Schedule of Acquisitions by Property Type | The following table summarizes the acquisitions by property type during the three months ended March 31, 2023:
Property Type |  | Number of Properties |  | Square Feet (unaudited)
Properties Acquired in 2023: |  |  |  |
Office |  | — |  |  | — |
Industrial |  | — |  |  | — |
Distribution |  | — |  |  | — |
Retail |  | 8 |  |  | 323,730 |
|  | 8 |  |  | 323,730 |
Schedule of Properties with Significant Annualized Straight-line Rental Income, by Geographical Areas | The following table lists the countries and states where the Company has concentrations of properties where annualized rental income on a straight-line basis represented greater than 10.0% of consolidated annualized rental income on a straight-line basis as of March 31, 2023 and December 31, 2022.
Country / U.S. State |  | March 31, 2023 |  | December 31, 2022
United States |  | 60.1% |  | 63.9%
Michigan |  | 14.7% |  | 15.5%
United Kingdom |  | 21.9% |  | 17.4%

X
- References No definition available. + Details
Name: | us-gaap_RealEstateAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=79982066&loc=d3e1486-128463 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
Name: | us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of real estate properties and units in those properties that are included in the discussion of the nature of an entity's operations. + References No definition available. + Details
Name: | us-gaap_ScheduleOfRealEstatePropertiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9038-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1) -URI https://asc.fasb.org/extlink&oid=126953954&loc=SL114868664-224227 + Details
Name: | us-gaap_ScheduleOfRevenuesFromExternalCustomersAndLongLivedAssetsByGeographicalAreasTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration