Investments in Real Estate

3 Months Ended

Mar. 31, 2020

Investments [Abstract]

Investments in Real Estate

Investments in Real Estate

For the three months ended March 31, 2020, our investments had an aggregate purchase price of $41.7 million. As part of these investments, we incurred approximately $0.2 million 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, 2020 and 2019, respectively (in thousands):

	Three Months Ended March 31,
	2020		2019
Land	$	2,817	$	3,311
Building and improvements	35,259		13,449
In place leases	3,621		1,927
Below market leases	(693)		(95)
Above market leases	334		160
Net real estate assets acquired	41,338		18,752
Other, net	334		74
Aggregate purchase price	$	41,672	$	18,826

The acquired intangible assets and liabilities referenced above had weighted average lives of the following terms for the three months ended March 31, 2020 and 2019, respectively (in years):

	Three Months Ended March 31,
	2020	2019
Acquired intangible assets	5.4	9.1
Acquired intangible liabilities	3.8	9.1