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Real Estate Acquisitions (Tables)

6 Months Ended

Jun. 30, 2020

Real Estate Acquisitions

Schedule of the company's acquisitions of real estate

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​	​	​	​	​	​	​	​	​	​	​
​	​	Date	​	Contract		​	Terms of	​	Capitalized
Description of Property		Acquired		Purchase Price			Payment		Transaction 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 of $5,700 and $12,500 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

Land

Improvements

Asset

Liability

Total

Creative Office Environments industrial facility,

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Ashland, Virginia

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$

391

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$

7,901

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$

927

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$

—

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$

9,219

Fed Ex industrial facility,

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Lowell, Arkansas

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1,687

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15,188

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2,978

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(568)

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19,285

Totals

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$

2,078

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$

23,089

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$

3,905

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$

(568)

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$

28,504

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- 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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