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Real Estate Investments (Tables) | 6 Months Ended
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Jun. 30, 2023
Real Estate [Abstract] |
Allocation of Purchase Price Paid for Completed Acquisitions | An allocation of the purchase price and acquisition costs paid for the completed acquisitions is as follows (in thousands):
| Three Months Ended June 30, | Six Months Ended June 30,
| 2023 |  | 2022 | 2023 |  | 2022
Land | $ | 19,748 |  |  | $ | 34,419 |  | $ | 34,052 |  |  | $ | 49,073 |
Buildings | 56,869 |  |  | 67,682 |  | 100,002 |  |  | 127,770 |
Site improvements | 5,490 |  |  | 5,314 |  | 8,969 |  |  | 11,852 |
Tenant improvements | 1,168 |  |  | 1,016 |  | 1,559 |  |  | 2,176 |
In-place lease intangible assets | 11,399 |  |  | 13,533 |  | 17,809 |  |  | 22,405 |
Above-market lease intangible assets | 1,543 |  |  | 245 |  | 1,543 |  |  | 353 |
| 96,217 |  |  | 122,209 |  | 163,934 |  |  | 213,629 |
Liabilities assumed |  |  |  |  |  |
Below-market lease intangible liabilities | — |  |  | (4,893) |  | — |  |  | (6,316) |
Accounts payable, accrued expense and other liabilities | — |  |  | — |  | — |  |  | (24) |
Purchase price (including acquisition costs) | $ | 96,217 |  |  | $ | 117,316 |  | $ | 163,934 |  |  | $ | 207,289 |
Schedule of Mortgage Loans Receivable | The Company’s mortgage loans receivable portfolio as of June 30, 2023 and December 31, 2022 is summarized below (in thousands):
Loan Type |  | Number of Secured Properties |  | Effective Interest Rate (4) |  | Stated Interest Rate |  | Maturity Date |  | June 30, 2023 |  | December 31, 2022
Mortgage (1) |  | 1 |  | 5.75% |  | 6.00% |  | 7/26/2023 |  | $ | 40,316 |  |  | $ | 40,316 |
Mortgage (1) (2) |  | 2 |  | 5.77% |  | 6.50% |  | 6/30/2023 |  | 6,000 |  |  | 6,000 |
Mortgage |  | 46 |  | 9.55% |  | 9.55% |  | 3/10/2026 |  | 41,940 |  |  | — |
Mortgage (3) |  | 3 |  | 8.03% |  | 6.89% |  | 4/10/2026 |  | 4,132 |  |  | — |
Mortgage (3) |  | 10 |  | 7.57% |  | 7.57% |  | 6/10/2025 |  | 15,505 |  |  | — |
Total |  |  |  |  |  |  |  |  |  | 107,893 |  |  | 46,316 |
Unamortized loan origination costs |  |  |  |  |  |  |  |  |  | 6 |  |  | 62 |
Unamortized discount |  |  |  |  |  |  |  |  |  | (141) |  |  | — |
Total mortgage loans receivable, net |  |  |  |  |  |  |  |  |  | $ | 107,758 |  |  | $ | 46,378 |
(1) The Company has the right, subject to certain terms and conditions, to purchase all or a portion of the underlying collateralized property. (2) The balance is expected to be settled via a like kind exchange subsequent to June 30, 2023. (3) The stated interest rate is variable up to 15.0% and is calculated based on contractual rent for existing collateralized properties subject to the loan agreement. (4) Includes amortization of discount and loan origination costs, as applicable.

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- Definition Schedule of Asset Acquisition + References No definition available. + Details
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- Definition Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.3,4) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 + Details
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