We acquired the following real estate during the nine months ended September 30, 2020:

(1)	Purchase price in U.S. dollars and excludes capitalized closing costs.

(2)

On February 25, 2020, we closed on the acquisition of a 49% ownership interest in the Westin Building Exchange in Seattle for a purchase price of approximately $305 million plus the assumption of debt. The acquisition of the interest held by seller increases our ownership interest to 99% of the property. Prior to the acquisition, our existing 50% ownership interest was accounted for under the equity method of accounting and classified within "Investment in unconsolidated joint ventures". The carrying value of our investment in Westin was zero as of the date of this acquisition and as of December 31, 2019.

(3)	Acquisition of the freehold to the land under the Hanauer Landstraße campus in Frankfurt. The site includes nine Interxion data centers previously subject to leasehold agreements, along with Interxion’s German headquarters office.

(4)	Represents three currently vacant land parcels located in Europe which are not included in our operating property count.

The table below reflects the purchase price allocation for the above real estate acquired during the nine months ended September 30, 2020 (in thousands):



			Land Held				Customer								Noncontrolling
			for Development /				Relationship				Below-				Interests in		Acquisition
			Construction in		Buildings and		Value and In-Place		Working		Market		Secured		Consolidated		Date Fair
Description	Land		Progress		Improvements		Leases		Capital, net		Leases		Debt		Joint Ventures		Value

Westin	$	43,110	$	—	$	329,406	$	68,406	$	7,545	$	(2,540)	$	(135,000)	$	(5,715)	$	305,212
Frankfurt leasehold site		97,801		—		110,287		—		—		—		—		—		208,088
Land parcels		—		62,000		—		—		—		—		—		—		62,000
Total	$	140,911	$	62,000	$	439,693	$	68,406	$	7,545	$	(2,540)	$	(135,000)	$	(5,715)	$	575,300

Weighted average remaining intangible amortization life (in years)								15				15

Dispositions


				Gross Proceeds		Gain on Sale
Location / Portfolio	Metro Area	Date Sold		(in millions)		(in millions)
Liverpoolweg 10	Amsterdam		Jul 17, 2020	$	21.5	$	10.4

Assets Held For Sale / Disposition

On September 16, 2019, we announced the proposed sale of 10 Powered Base Building® properties, which comprise 12 data centers, in North America to Mapletree Investments Pte Ltd (“Mapletree Investments”) and Mapletree Industrial Trust (“MIT” and together with Mapletree Investments, “Mapletree”), at a purchase consideration of approximately $557.0 million. As of December 31, 2019, these 12 data centers had an aggregate carrying value of $229.9 million within total assets and $2.7 million within total liabilities and are shown as assets held for sale and obligations associated with assets held for sale on the consolidated balance sheet. In January 2020, we closed on the sale of the 12 data centers for a gain of approximately $304.8 million. We will provide transitional property management services for one year from the closing date at a customary market rate. The 12 data centers were not representative of a significant component of our portfolio, nor did the sale represent a significant shift in our strategy.