Investments in Real Estate

3 Months Ended

Mar. 31, 2022

For the three months ended March 31, 2022, our investments had an aggregate purchase price of $19.1 million. As part of these investments, we incurred approximately $0.1 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, 2022 and 2021, respectively (in thousands):


	Three Months Ended March 31,
	2022		2021
Land	$	3,812	$	1,093
Building and improvements	13,189		26,819
In place leases	2,121		3,449
Below market leases	(28)		(79)
Above market leases	—		66
ROU assets	—		(876)
Net real estate assets acquired	19,094		30,472
Other, net	—		2,397
Aggregate purchase price	$	19,094	$	32,869

The acquired intangible assets and liabilities referenced above had weighted average lives of the following terms for the three months ended March 31, 2022 and 2021, respectively (in years):


	Three Months Ended March 31,
	2022	2021
Acquired intangible assets	4.4	6.4
Acquired intangible liabilities	4.3	5.7