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REAL ESTATE INVESTMENTS (Tables)
12 Months Ended
Dec. 31, 2019
REAL ESTATE INVESTMENTS  
Schedule of the Company's acquisitions of real estate The following charts detail the Company’s real estate acquisitions during 2019 and 2018 (amounts in thousands). Date
Schedule of allocation of the purchase price for the company's acquisitions of real estate

NOTE 4—REAL ESTATE INVESTMENTS (Continued)

The following charts detail the allocation of the purchase price for the Company’s acquisitions of real estate during 2019 and 2018 (amounts in thousands):

Building &

Intangible Lease

Description of Property

    

Land

    

Improvements

    

Asset

    

Liability

    

Total

Zwanenberg Food Group/Metro Carpets industrial facility,

Nashville, Tennessee

$

1,058

$

6,350

$

750

$

(81)

$

8,077

Echo, Inc. industrial facility,

Wauconda, Illinois

67

3,424

339

(4)

3,826

Betz Mechanical Supply/Steve Davis Sales industrial facility,

Bensalem, Pennsylvania

1,602

4,322

664

(220)

6,368

International Flora Technologies industrial facility,

Chandler, Arizona

1,335

7,379

8,714

Nissan North America industrial facility,

LaGrange, Georgia

297

4,499

627

(151)

5,272

Continental Hydraulics industrial facility,

Shakopee, Minnesota

1,877

5,462

944

(221)

8,062

Cosentino industrial facility,

Rincon, Georgia

61

5,969

667

(176)

6,521

The Door Mill industrial facility,

Chandler, Arizona

1,164

1,691

254

(62)

3,047

Totals for 2019

$

7,461

$

39,096

$

4,245

$

(915)

$

49,887

Building &

Intangible Lease

Description of Property

    

Land

    

Improvements

    

Asset

    

Liability

    

Total

Campania International/U.S. Tape industrial facility,

Pennsburg, Pennsylvania

$

1,776

$

11,125

$

$

$

12,901

Plymouth Industries industrial facility,

Plymouth, Minnesota

1,121

4,429

5,550

Applied Control industrial facility,

Englewood, Colorado

1,562

11,300

12,862

Xerimis industrial facility,

Moorestown, New Jersey

1,822

5,056

707

(88)

7,497

Multi-tenant industrial facility,

Moorestown, New Jersey

1,443

10,898

1,469

(202)

13,608

Men’s Warehouse industrial facility,

Bakersfield, California

1,988

9,996

1,127

(2,198)

10,913

Dufresne Spencer Group industrial facility,

Green Park, Missouri

1,420

7,833

810

10,063

Transcendia industrial facility,

Greenville, South Carolina

186

6,407

322

(19)

6,896

Totals for 2018

$

11,318

$

67,044

$

4,435

$

(2,507)

$

80,290

Schedule of amortization of intangible lease assets as a result of acquired above market leases

The unamortized balance of intangible lease assets as a result of acquired above market leases at December 31, 2019 will be deducted from rental income through 2032 as follows (amounts in thousands):

2020

    

$

654

2021

 

647

2022

 

481

2023

 

288

2024

 

218

Thereafter

 

741

Total

$

3,029

Schedule of amortization of intangible lease liabilities as a result of acquired below market leases

The unamortized balance of intangible lease liabilities as a result of acquired below market leases at December 31, 2019 will be added to rental income through 2055 as follows (amounts in thousands):

2020

    

$

1,385

2021

 

1,335

2022

 

1,224

2023

 

984

2024

 

709

Thereafter

 

6,784

Total

$

12,421

Schedule of amortization of origination costs associated with in-place leases

The unamortized balance of origination costs associated with in-place leases at December 31, 2019 will be charged to amortization expense through 2055 as follows (amounts in thousands):

2020

    

$

4,157

2021

 

4,035

2022

 

3,577

2023

 

2,937

2024

 

1,845

Thereafter

 

6,488

Total

$

23,039