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REAL ESTATE INVESTMENT (Tables) | 9 Months Ended
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Sep. 30, 2023
REAL ESTATE ACQUISITION |
Schedule of the Company's real estate acquisitions | The following table details the Company’s real estate acquisitions during the nine months ended September 30, 2023 and the year ended December 31, 2022 (amounts in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | Contract | ​ | ​ | ​ | Capitalized
​ | ​ | Date | ​ | ​ | Purchase | ​ | Terms of | ​ | ​ | Transaction
Description of Industrial Property |  | Acquired |  | Price |  | Payment |  | Costs
Multi-tenant | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Blythewood, South Carolina | ​ | July 13, 2023 | ​ | $ | 13,400 | ​ | Cash and $4,280 mortgage (a) | ​ | $ | 109
TOTAL - Nine months ended September 30, 2023 | ​ | ​ | ​ | $ | 13,400 |  |  | ​ | $ | 109
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Conditioned Air Company of Naples LLC | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Fort Myers, Florida | ​ | January 5, 2022 | ​ | $ | 8,100 | ​ | All cash (b) | ​ | $ | 66
Q.E.P. Co., Inc. | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Dalton, Georgia | ​ | May 12, 2022 | ​ | ​ | 17,000 | ​ | All cash (b) | ​ | ​ | 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 (c) | ​ | ​ | 80
Multi-tenant | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Northwood, Ohio | ​ | November 15, 2022 | ​ | ​ | 8,629 | ​ | Cash and $6,034 mortgage (d) | ​ | ​ | 87
Multi-tenant | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Northwood, Ohio | ​ | November 15, 2022 | ​ | ​ | 8,561 | ​ | Cash and $6,034 mortgage (d) | ​ | ​ | 86
TOTAL - Year ended December 31, 2022 | ​ | ​ | ​ | $ | 56,490 |  |  | ​ | $ | 761
(a) | Simultaneously with the acquisition of this property, the Company assumed a $4,280 mortgage, bearing an interest rate of 4.60% and maturing in 2029.
(b) | 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.
(c) | 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.
(d) | 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.
Schedule of allocation of the purchase price for the company's acquisitions of real estate | The following table details the allocation of the purchase price of the real estate acquired during the nine months ended September 30, 2023 (amounts in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Building & | ​ | Intangible Lease | ​ | Mortgage | ​ | ​ | ​
Description of Property |  | Land |  | Improvements |  | Asset |  | Liability | ​ | Intangible | ​ | Total
Multi-tenant | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Blythewood, South Carolina | ​ | $ | 311 | ​ | $ | 12,304 | ​ | $ | 871 | ​ | $ | (237) | ​ | $ | 260 | ​ | $ | 13,509
TOTAL - Nine months ended September 30, 2023 | ​ | $ | 311 | ​ | $ | 12,304 | ​ | $ | 871 | ​ | $ | (237) | ​ | $ | 260 | ​ | $ | 13,509
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