Real Estate Acquisitions (Tables)

6 Months Ended

Jun. 30, 2017

Schedule of the Company's acquisitions of real estate

The following chart details the Company’s acquisitions of real estate during the six months ended June 30, 2017 (amounts in thousands):

Description of Property	Date Acquired	Contract Purchase Price		Terms of Payment	Third Party Real Estate Acquisition Costs (a)
Forbo industrial facility, Huntersville, North Carolina	May 25, 2017	$	8,700	Cash and $5,190 mortgage (b)	$	58
Saddle Creek Logistics industrial facility, Pittston, Pennsylvania	June 9, 2017	11,750		All cash	199
Corporate Woods industrial facility, Ankeny, Iowa	June 20, 2017	14,700		All cash (c)	25

Totals		$	35,150		$	282

(a)

Transaction costs incurred with these asset acquisitions were capitalized.

(b)

The new mortgage debt was obtained simultaneously with the acquisition of the property.

(c)

In July 2017, the Company obtained new mortgage debt of $8,820.

Schedule of allocation of the purchase price for the company's acquisitions of real estate

The following chart details the allocation of the purchase price for the Company’s acquisitions of real estate during the six months ended June 30, 2017 (amounts in thousands):

					Building		Intangible Lease
Description of Property	Land		Building		Improvements		Asset		Liability			Total
Forbo industrial facility, Huntersville, North Carolina	$	1,044	$	6,440	$	222	$	1,052	$	—		$	8,758
Saddle Creek Logistics industrial facility, Pittston, Pennsylvania	999		9,675		247		1,028		—			11,949
Corporate Woods industrial facility, Ankeny, Iowa	1,351		11,417		187		1,928		(158		)	14,725

Totals	$	3,394	$	27,532	$	656	$	4,008	$	(158	)	$	35,432