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Real Estate Acquisitions (Tables) | 3 Months Ended
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Mar. 31, 2016
Real Estate Acquisitions |
Schedule of the Company's acquisitions of real estate | The following chart details the Company’s acquisitions of real estate during the three months ended March 31, 2016 (amounts in thousands):
Description of Property |  | Date Acquired |  | Contract Purchase Price |  | Terms of Payment |  | Third Party Real Estate Acquisition Costs (a) |
Multi-tenant industrial facility, Greenville, SC (b) |  | March 30, 2016 |  | $ | 8,100 |  | All cash |  | $ | 85 |
Multi-tenant industrial facility, Greenville, SC (b) |  | March 30, 2016 |  | 8,950 |  | All cash |  | 87 |
Other costs (c) |  |  |  | — |  |  |  | 32 |
Totals |  |  |  | $ | 17,050 |  |  |  | $ | 204 |
(a) | Included as an expense in the accompanying consolidated statement of income.
(b) | These properties are adjacent to one another.
(c) | Costs incurred for properties purchased in 2015, potential acquisitions and transactions that were not consummated.
Schedule of allocation of purchase price for the company's acquisitions of real estate | The following chart provides the preliminary allocation of the purchase price for the Company’s acquisitions of real estate during the three months ended March 31, 2016 (amounts in thousands):
|  |  |  |  |  | Building |  | Intangible Lease |  |  |
Description of Property |  | Land |  | Building |  | Improvements |  | Asset |  | Liability |  | Total |
Multi-tenant industrial facility, Greenville, SC |  | $ | 693 |  | $ | 6,716 |  | $ | 175 |  | $ | 516 |  | $ | — |  | $ | 8,100 |
Multi-tenant industrial facility, Greenville, SC |  | 528 |  | 7,894 |  | 181 |  | 443 |  | (96 | ) | 8,950 |
Totals |  | $ | 1,221 |  | $ | 14,610 |  | $ | 356 |  | $ | 959 |  | $ | (96 | ) | $ | 17,050 |

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- Definition Tabular disclosure of real estate acquisitions during the period, including date purchased, contract price, terms of payment and third party acquisition costs. + References No definition available. + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=56956791&loc=d3e4845-128472 + Details
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