Investments in Real Estate

Our investments, including the Duke Acquisition, brings our total investments for the nine months ended September 30, 2017, to an aggregate purchase price of $2.7 billion. As part of these investments, we incurred $17.2 million of costs attributable to these investments, which were capitalized in accordance with the adoption of ASU 2017-01 during the nine months ended September 30, 2017. In addition, as part of an acquisition, we issued 20,687 OP Units with a market value at the time of issuance of $0.6 million.

The allocations for these investments, in which we own a controlling financial interest, are set forth below in the aggregate for the nine months ended September 30, 2017 and 2016, respectively (in thousands):



	Nine Months Ended September 30,
	2017			2016
Land	$	93,064		$	77,949
Building and improvements	2,336,544			505,138
In place leases	187,890			50,997
Below market leases	(27,817		)	(12,790		)
Above market leases	11,718			4,413
Below market leasehold interests	54,252			4,188
Above market leasehold interests	(8,978		)	(50		)
Below market debt	—			360
Interest rate swaps	—			(779		)
Net assets acquired	2,646,673			629,426
Other, net ⁽¹⁾	60,781			3,540
Aggregate purchase price	$	2,707,454		$	632,966

(1) For the nine months ended September 30, 2017, other, net, consisted primarily of capital expenditures and tenant improvements received as credits at the time of acquisition.

Subsequent to September 30, 2017, we completed an investment with a purchase price of $8.3 million. As part of the acquisition, we issued to the seller as a part of the acquisition consideration a total of 16,972 OP Units with a market value at the time of issuance of $0.5 million. The purchase price of this investment was subject to certain post-closing adjustments. Due to the recent timing of this investment, we have not yet completed our purchase price allocation with respect to this investment and, therefore, we cannot provide disclosures at this time similar to those set forth above in Note 3 - Investments in Real Estate to our condensed consolidated financial statements.

The acquired intangible assets and liabilities referenced above had weighted average lives of the following for the nine months ended September 30, 2017 and 2016, respectively (in years):



	Nine Months Ended September 30,
	2017	2016
Acquired intangible assets	20.6	9.1
Acquired intangible liabilities	19.9	8.3