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REAL ESTATE ACQUISITION | 6 Months Ended
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Jun. 30, 2023
REAL ESTATE ACQUISITION |
REAL ESTATE ACQUISITION | NOTE 4 – REAL ESTATE ACQUISITIONS Acquisitions The following table details the Company’s real estate acquisitions during 2022 (amounts in thousands). There were no acquisitions during the six months ended June 30, 2023.
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | Contract | ​ | ​ | ​ | Capitalized
​ | ​ | Date | ​ | ​ | Purchase | ​ | Terms of | ​ | ​ | Transaction
Description of Property |  | Acquired |  | Price |  | Payment |  | Costs
Conditioned Air Company of Naples LLC | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Fort Myers, Florida | ​ | January 5, 2022 | ​ | $ | 8,100 | ​ | All cash (a) | ​ | $ | 66
Q.E.P. Co., Inc. | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Dalton, Georgia | ​ | May 12, 2022 | ​ | ​ | 17,000 | ​ | All cash (a) | ​ | ​ | 330
Multi-tenant | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Hillside, Illinois | ​ | May 16, 2022 | ​ | ​ | 5,770 | ​ | All cash | ​ | ​ | 112
Curaleaf, Inc. | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Lexington, Kentucky | ​ | June 17, 2022 | ​ | ​ | 8,430 | ​ | Cash and $5,480 mortgage (b) | ​ | ​ | 80
Multi-tenant | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Northwood, Ohio | ​ | November 15, 2022 | ​ | ​ | 8,629 | ​ | Cash and $6,034 mortgage (c) | ​ | ​ | 87
Multi-tenant | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Northwood, Ohio | ​ | November 15, 2022 | ​ | ​ | 8,561 | ​ | Cash and $6,034 mortgage (c) | ​ | ​ | 86
TOTALS FOR 2022 | ​ | ​ | ​ | $ | 56,490 |  |  | ​ | $ | 761
(a) | Subsequent to the acquisitions of the Fort Myers, Florida and Dalton, Georgia properties, the Company obtained new mortgage debt of $4,860 and $10,000, bearing interest rates of 3.09% and 3.50% and maturing in 2031 and 2032, respectively.
(b) | Simultaneously with the acquisition of this property, the Company obtained new mortgage debt of $5,480, bearing an interest rate of 3.85% and maturing in 2047.
(c) | Simultaneously with the acquisition of these properties, the Company assumed a $6,034 mortgage encumbering both properties, bearing an interest rate of 3.57% and maturing in 2030.
​ Acquisition Subsequent to June 30, 2023 ​ On July 13, 2023, the Company acquired for $13,400,000 an industrial property located in Blythewood, South Carolina, and leased by two tenants. In connection with the acquisition, the Company assumed a $4,280,000 mortgage with an interest rate of 4.60% and which matures in June 2029.

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- Definition The entire disclosure for asset acquisition. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 805 -SubTopic 50 -Name Accounting Standards Codification -Section 15 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480123/805-50-15-3 + Details
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