Investments in Real Estate

3 Months Ended

Mar. 31, 2019

For the three months ended March 31, 2019, our investments had a purchase price of $18.8 million. As part of this investment, we incurred approximately $76,000 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, 2019 and 2018, respectively (in thousands):



	Three Months Ended March 31,
	2019			2018
Land	$	3,311		$	1,084
Building and improvements	13,449			10,280
In place leases	1,927			662
Below market leases	(95		)	(139		)
Above market leases	160			—
Net assets acquired	18,752			11,887
Other, net	74			447
Aggregate purchase price	$	18,826		$	12,334

The acquired intangible assets and liabilities referenced above had weighted average lives of the following terms for the three months ended March 31, 2019 and 2018, respectively (in years):



	Three Months Ended March 31,
	2019	2018
Acquired intangible assets	9.1	8.4
Acquired intangible liabilities	9.1	8.4