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Real Estate Acquisitions (Tables) | 6 Months Ended
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Jun. 30, 2019
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 six months ended June 30, 2019 (amounts in thousands):
|  |  |  |  |  |  |  |  | Capitalized
|  |  |  |  |  |  |  |  | Third Party
|  |  |  | Contract |  |  |  | Real Estate
|  |  |  | Purchase |  | Terms of |  | Acquisition
Description of Property |  | Date Acquired |  | Price |  | Payment |  | Costs
Zwanenberg Food Group/Metro Carpets industrial facility, |  |  |  |  |  |  |  |  |  |
Nashville, Tennessee |  | May 30, 2019 |  | $ | 8,000 |  | All cash (a) |  | $ | 77
Echo, Inc. industrial facility, |  |  |  |  |  |  |  |  |  |
Wauconda, Illinois |  | May 30, 2019 |  |  | 3,800 |  | All cash |  |  | 26
Tinicum Mechanical Supply/Philly Motors industrial facility, |  |  |  |  |  |  |  |  |  |
Bensalem, Pennsylvania |  | June 18, 2019 |  |  | 6,200 |  | All cash |  |  | 168
International Flora Technologies industrial facility, |  |  |  |  |  |  |  |  |  |
Chandler, Arizona |  | June 26, 2019 |  |  | 8,650 |  | All cash |  |  | 57
Totals |  |  |  | $ | 26,650 |  |  |  | $ | 328
| (a) |  | In July 2019, the Company obtained new mortgage debt of $5,200.
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, 2019 (amounts in thousands):
|  |  |  |  |  |  |  | Building |  | Intangible Lease |  |  |
Description of Property |  | Land |  | Building |  | Improvements |  | Asset |  | Liability |  | Total
Zwanenberg Food Group/Metro Carpets industrial facility, |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Nashville, Tennessee |  | $ | 1,058 |  | $ | 6,280 |  | $ | 70 |  | $ | 750 |  | $ | (81) |  | $ | 8,077
Echo, Inc. industrial facility, |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Wauconda, Illinois |  |  | 67 |  |  | 3,283 |  |  | 141 |  |  | 339 |  |  | (4) |  |  | 3,826
Tinicum Mechanical Supply/Philly Motors industrial facility, |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Bensalem, Pennsylvania |  |  | 1,602 |  |  | 4,285 |  |  | 37 |  |  | 664 |  |  | (220) |  |  | 6,368
International Flora Technologies industrial facility, |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Chandler, Arizona |  |  | 1,334 |  |  | 7,152 |  |  | 221 |  |  | — |  |  | — |  |  | 8,707
Totals |  | $ | 4,061 |  | $ | 21,000 |  | $ | 469 |  | $ | 1,753 |  | $ | (305) |  | $ | 26,978

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=84161108&loc=d3e4845-128472 + Details
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