Investments in Real Estate

3 Months Ended

Mar. 31, 2018

For the three months ended March 31, 2018, our investments had an aggregate purchase price of $12.3 million. As part of these investments, we incurred $65,000 of capitalized costs. The allocations for these investments, in which we own a controlling financial interest, are set forth below in the aggregate for the three months ended March 31, 2018 and 2017, respectively (in thousands):



	Three Months Ended March 31,
	2018			2017
Land	$	1,084		$	4,934
Building and improvements	10,280			29,762
In place leases	662			3,185
Below market leases	(139		)	(65		)
Net assets acquired	11,887			37,816
Other, net	447			1,230
Aggregate purchase price	$	12,334		$	39,046

The acquired intangible assets and liabilities referenced above had weighted average lives of the following terms for the three months ended March 31, 2018 and 2017, respectively (in years):



	Three Months Ended March 31,
	2018	2017
Acquired intangible assets	8.4	11.3
Acquired intangible liabilities	8.4	10.2