Investments in Real Estate

6 Months Ended

Jun. 30, 2020

Investments [Abstract]

Investments in Real Estate

Investments in Real Estate

For the six months ended June 30, 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 six months ended June 30, 2020 and 2019, respectively (in thousands):

	Six Months Ended June 30,
	2020		2019
Land	$	2,817	$	12,233
Building and improvements	35,259		74,591
In place leases	3,621		7,784
Below market leases	(693)		(1,380)
Above market leases	334		627
Net real estate assets acquired	41,338		93,855
Other, net	334		240
Aggregate purchase price	$	41,672	$	94,095

The acquired intangible assets and liabilities referenced above had weighted average lives of the following terms for the six months ended June 30, 2020 and 2019, respectively (in years):

	Six Months Ended June 30,
	2020	2019
Acquired intangible assets	5.4	7.0
Acquired intangible liabilities	3.6	7.1