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Real Estate Acquisitions (Tables)

3 Months Ended

Mar. 31, 2020

Real Estate Acquisitions

Schedule of the Company's acquisitions of real estate

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​	​	​	​	​	​	​	​	​	​	​
​	​	​	​	Contract		​	​	​	Capitalized
​	​	​	​	Purchase		​	Terms of	​	Transaction
Description of Property		Date Acquired		Price			Payment		Costs
Creative Office Environments industrial facility,	​	​	​	​	​	​	​	​	​	​
Ashland, Virginia	​	February 20, 2020	​	$	9,100		All cash (a)	​	$	119
Fed Ex industrial facility,	​	​	​	​	​	​	​	​	​	​
Lowell, Arkansas	​	February 24, 2020	​	​	19,150	​	All cash (a)		​	135
Totals	​		​	$	28,250			​	$	254

(a) In March 2020, the Company obtained new mortgage debt aggregating $18,200 which bears interest at rates of 3.54% and 3.63% and mature in 2035 and 2027, respectively.

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

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Building &

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Intangible Lease

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Description of Property

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Land

Improvements

​

Asset

​

Liability

Total

Creative Office Environments industrial facility,

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​

​

​

​

​

​

​

​

Ashland, Virginia

​

$

391

​

$

7,901

​

$

927

​

$

—

​

$

9,219

Fed Ex industrial facility,

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​

​

​

​

​

​

​

​

​

Lowell, Arkansas

​

​

1,687

​

15,188

​

​

2,978

​

​

(568)

​

19,285

Totals

​

$

2,078

​

$

23,089

​

$

3,905

​

$

(568)

​

$

28,504

X

- Definition

n/a

+ References

No definition available.

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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.

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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=116869197&loc=d3e4845-128472

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