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Real Estate Acquisitions (Tables) | 9 Months Ended
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Sep. 30, 2017
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 nine months ended September 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, |  |  |  |  |  | Cash and $5,190 |  |  |
Huntersville, North Carolina |  | May 25, 2017 |  | $ | 8,700 |  | mortgage (b) |  | $ | 65 |
Saddle Creek Logistics industrial facility, Pittston, Pennsylvania |  | June 9, 2017 |  | 11,750 |  | All cash (c) |  | 199 |
Corporate Woods industrial facility, Ankeny, Iowa |  | June 20, 2017 |  | 14,700 |  | All cash (d) |  | 29 |
Totals |  |  |  | $ | 35,150 |  |  |  | $ | 293 |
| (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 August 2017, the Company obtained new mortgage debt of $7,200.
| (d) |  | 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 nine months ended September 30, 2017 (amounts in thousands):
|  |  |  |  |  | Building |  | Intangible Lease |  |  |
Description of Property |  | Land |  | Building |  | Improvements |  | Asset |  | Liability |  | Total |
Forbo industrial facility, |  |  |  |  |  |  |  |  |  |  |  |  |
Huntersville, North Carolina |  | $ | 1,045 |  | $ | 6,446 |  | $ | 222 |  | $ | 1,052 |  | $ | — |  | $ | 8,765 |
Saddle Creek Logistics industrial facility, Pittston, Pennsylvania |  | 999 |  | 9,675 |  | 247 |  | 1,028 |  | — |  | 11,949 |
Corporate Woods industrial facility, Ankeny, Iowa |  | 1,351 |  | 11,420 |  | 187 |  | 1,929 |  | (158 | ) | 14,729 |
Totals |  | $ | 3,395 |  | $ | 27,541 |  | $ | 656 |  | $ | 4,009 |  | $ | (158 | ) | $ | 35,443 |

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- Definition Real Estate Acquisitions and Contingent Liability + References No definition available. + Details
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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=73530397&loc=d3e4845-128472 + Details
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