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REAL ESTATE INVESTMENT (Tables)

6 Months Ended

Jun. 30, 2023

REAL ESTATE ACQUISITION

Schedule of the Company's real estate 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.

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- References

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- Definition

Tabular disclosure of 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

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