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Real Estate Transactions (Tables) | 6 Months Ended
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Jun. 30, 2025
Real Estate [Abstract] |
Schedule total purchase price including transaction costs | The total purchase price including transaction costs was allocated as follows (in thousands, except for the number of properties):
Three Months Ended |  | Number of Properties |  | Land |  | Building and Improvements |  | Tenant Improvements |  | In-place lease intangibles |  | Above- market leases |  | Below- market leases |  | Other (1) |  | Total (2)
2025 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
March 31, 2025 | (3) | 36 |  |  | $ | 3,990 |  |  | $ | 12,579 |  |  | $ | 114 |  |  | $ | 1,192 |  |  | $ | — |  |  | $ | (1,415) |  |  | $ | (119) |  |  | $ | 16,341 |
June 30, 2025 | (4) | 68 |  |  | $ | 8,402 |  |  | $ | 28,473 |  |  | $ | 269 |  |  | $ | 2,775 |  |  | $ | 11 |  |  | $ | (3,131) |  |  | $ | 68 |  |  | $ | 36,867 |
Total |  | 104 |  |  | 12,392 |  |  | 41,052 |  |  | 383 |  |  | 3,967 |  |  | 11 |  |  | (4,546) |  |  | (51) |  |  | 53,208 |
Explanatory Notes: (1)Includes intangible liabilities related to unfavorable operating leases with purchase options on three properties during the three months ended March 31, 2025 and two properties during the three months ended June 30, 2025 that is included in “Accounts payable, accrued expenses and other, net" on the Consolidated Balance Sheets. Also, includes a below market ground lease intangible asset on four properties during the three months ended June 30, 2025 that is included in “Prepaid expenses and other assets, net" on the Consolidated Balance Sheets. (2)Includes closing costs of approximately $0.5 million for the three months ended March 31, 2025 and $1.0 million for the three months ended June 30, 2025. (3)Includes the acquisition of 36 properties in various states in individual or portfolio transactions for a price of approximately $16.3 million, including closing costs, which was funded with both the issuance of OP Units to the sellers (valued at approximately $1.0 million using the share price of Class A common stock on the date of the issuance of such OP units) and cash consideration. (4)Includes the acquisition of 68 properties in various states in individual or portfolio transactions for a price of approximately $36.9 million, including closing costs, which were funded with both the issuance of OP Units to the sellers (valued at approximately $5.0 million using the share price of Class A common stock on the date of each issuance of such OP units) and cash consideration.

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