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Subsequent Events
9 Months Ended
Sep. 30, 2020
Subsequent Events [Abstract]  
Subsequent Events Subsequent Events
Issuance of Senior Unsecured Notes

On October 14, 2020, we completed an underwritten public offering of $500.0 million of 2.400% Senior Notes due 2031, at a price of 99.099% of par value. These 2.400% Senior Notes due 2031 have a 10.3-year term and are scheduled to mature on February 1, 2031.

Acquisitions

In October 2020, we completed three investments for a total purchase price of approximately $186.8 million, as follows:

a three-property industrial portfolio in Winter Haven, Florida; Belvidere, Illinois; and Fayetteville, North Carolina, with a lease term of 20 years for an aggregate purchase price of approximately $51.0 million on October 12, 2020;
a 27-property grocery store portfolio in Spain with a lease term of 20 years for an aggregate purchase price of approximately $101.8 million (based on the exchange rate of the euro on the date of acquisition) on October 30, 2020; and
a food manufacturing/headquarters facility in Little Canada, Minnesota, with a lease term of 20 years for approximately $34.0 million on October 30, 2020.

It is not practicable to disclose the preliminary purchase price allocations for these transactions given the short time period between the acquisition dates and the filing of this Report.

Investment in Shares of a Cold Storage Operator

In October 2020, we purchased additional shares of a cold storage operator for $95.5 million. This increased the carrying value of our investment to approximately $290 million (Note 8).

Dispositions

In October 2020, we sold two cold storage properties in Rincon and Unadilla, Georgia, for gross proceeds totaling $95.5 million. The buyer was the cold storage operator noted directly above.

In addition, in October 2020, we sold a retail facility in Rockport, Texas, for gross proceeds of $5.2 million. This property was classified as held for sale as of September 30, 2020.