Subsequent Events	12 Months Ended
Dec. 31, 2021
Subsequent Events.
Subsequent Events	12. Subsequent Events In accordance with FASB ASC 855, “Subsequent Events,” INDUS has evaluated all events or transactions occurring after December 31, 2021, the balance sheet date, and noted that there have been no such events or transactions which would require recognition or disclosure in the consolidated financial statements as of and for the year ended December 31, 2021, other than the disclosures herein. On March 2, 2022, INDUS entered into an agreement (the “Forward Acquisition Agreement”) to acquire, for a purchase price of $28,500, an under-construction, approximately 280,000 square foot industrial/logistics building in Greenville-Spartanburg, South Carolina (the “Greenville-Spartanburg Acquisition”), being developed on speculation by the seller. Closing on the purchase of the Greenville-Spartanburg Acquisition is subject to a number of contingencies including completion of construction. There can be no guarantee that the Greenville-Spartanburg Acquisition will be completed under its current terms, or at all. See Note 4 for disclosure of the subsequent event related to the purchase of an industrial/logistics building in the Charlotte, North Carolina market. On March 7, 2022, INDUS announced its intention to sell its remaining office/flex buildings (the “Office/Flex Portfolio”) and fully exit its legacy investment in office properties. The Office/Flex Portfolio is comprised of seven buildings located in Windsor and Bloomfield Connecticut totaling approximately 175,200 square feet. The Office/Flex Portfolio is approximately 70% leased and includes certain space occupied by INDUS. Additionally, INDUS intends to sell an approximately 18,000 square foot building that is located adjacent to the Office/Flex Portfolio and is principally used for storage by INDUS’ property management group.

Subsequent Events

12 Months Ended

Dec. 31, 2021

12. Subsequent Events

In accordance with FASB ASC 855, “Subsequent Events,” INDUS has evaluated all events or transactions occurring after December 31, 2021, the balance sheet date, and noted that there have been no such events or transactions which would require recognition or disclosure in the consolidated financial statements as of and for the year ended December 31, 2021, other than the disclosures herein.

On March 2, 2022, INDUS entered into an agreement (the “Forward Acquisition Agreement”) to acquire, for a purchase price of $28,500, an under-construction, approximately 280,000 square foot industrial/logistics building in Greenville-Spartanburg, South Carolina (the “Greenville-Spartanburg Acquisition”), being developed on speculation by the seller. Closing on the purchase of the Greenville-Spartanburg Acquisition is subject to a number of contingencies including completion of construction. There can be no guarantee that the Greenville-Spartanburg Acquisition will be completed under its current terms, or at all.

See Note 4 for disclosure of the subsequent event related to the purchase of an industrial/logistics building in the Charlotte, North Carolina market.

On March 7, 2022, INDUS announced its intention to sell its remaining office/flex buildings (the “Office/Flex Portfolio”) and fully exit its legacy investment in office properties. The Office/Flex Portfolio is comprised of seven buildings located in Windsor and Bloomfield Connecticut totaling approximately 175,200 square feet. The Office/Flex Portfolio is approximately 70% leased and includes certain space occupied by INDUS. Additionally, INDUS intends to sell an approximately 18,000 square foot building that is located adjacent to the Office/Flex Portfolio and is principally used for storage by INDUS’ property management group.