Real Estate Assets and Discontinued Operations (Tables)

9 Months Ended

Sep. 30, 2022

Real Estate Assets And Discontinued Operations

Schedule of real estate assets

	Estimated
	Useful Lives	September 30, 2022		December 31, 2021
Land		$	71,155	$	55,104
Land improvements	10 to 30 years		72,198		65,520
Buildings and improvements	10 to 40 years		349,962		295,964
Tenant improvements	Shorter of useful life or terms of related lease		30,249		31,576
Construction in progress			45,992		20,799
Development costs			3,831		3,673
			573,387		472,636
Accumulated depreciation			(93,826)		(84,989)
		$	479,561	$	387,647

Schedule of total depreciation expense and capitalized interest related to real estate assets

	For the Three Months Ended				For the Nine Months Ended
	September 30, 2022		September 30, 2021		September 30, 2022		September 30, 2021
Depreciation expense	$	4,187	$	3,126	$	11,577	$	8,571

Schedule of purchase price allocation

	782 Paragon Way		3312 Shader Road		6600 High Ridge Road		7700 High Ridge Road		Rock Hill, SC Land		Allentown, PA Land		Total
Land	$	1,469	$	2,828	$	1,673	$	2,346	$	1,121	$	6,614	$	16,051
Land improvements		329		213		194		174		—		—		910
Buildings and improvements		22,228		11,179		6,318		5,696		—		—		45,421
Tenant improvements		—		107		44		40		—		—		191
Intangible assets		—		684		421		383		—		—		1,488
Intangible liabilities		—		(186)		—		(462)		—		—		(648)
	$	24,026	$	14,825	$	8,650	$	8,177	$	1,121	$	6,614	$	63,413

Schedule of real estate held for sale

	September 30, 2022		December 31, 2021
Land	$	31	$	31
Land improvements		1,844		1,840
Buildings and improvements		15,622		15,396
Tenant improvements		3,758		3,485
Construction in progress		1,771		338
		23,026		21,090
Accumulated depreciation		(14,778)		(14,571)
		8,248		6,519
Other assets		1,337		1,471
Total assets of discontinued operations	$	9,585	$	7,990
Accounts payable and accrued liabilities	$	122	$	67
Deferred revenue		581		620
Other liabilities		156		145
Total liabilities of discontinued operations	$	859	$	832