Investments in Real Estate

6 Months Ended

Jun. 30, 2018

For the six months ended June 30, 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 six months ended June 30, 2018 and 2017, respectively (in thousands):



	Six Months Ended June 30,
	2018			2017
Land	$	1,084		$	73,560
Building and improvements	10,280			2,225,012
In place leases	662			172,620
Below market leases	(139		)	(27,529		)
Above market leases	—			11,098
Below market leasehold interests	—			53,722
Above market leasehold interests	—			(16,564		)
Net assets acquired	11,887			2,491,919
Other, net ⁽¹⁾	447			54,196
Aggregate purchase price	$	12,334		$	2,546,115

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

The acquired intangible assets and liabilities referenced above had weighted average lives of the following terms for the six months ended June 30, 2018 and 2017, respectively (in years):



	Six Months Ended June 30,
	2018	2017
Acquired intangible assets	8.1	22.4
Acquired intangible liabilities	8.1	21.6