ACQUISITIONS (Tables)

9 Months Ended

Sep. 30, 2022

ACQUISITIONS

Schedule of acquisitions

Date	Property Name	Location	Property Type	Units/ Square Footage/ Acres	Total Acquisition Cost
2/28/22	Deer Park	Hutchinson, MN	Apartment Complex	138 units	$	15,073
5/31/22	Desoto Estates	Grand Forks, ND	Apartment Complex	68 units		5,863
5/31/22	Desoto Townhomes	Grand Forks, ND	Townhomes	24 units		3,226
5/31/22	Desoto Apartments	East Grand Forks, MN	Apartment Complex	24 units		1,230
6/10/22	Diamond Bend	Mandan, ND	Apartment Complex	78 units		10,919
9/13/22	Newgate Apartments	Bismarck, ND	Apartment Complex	46 units		2,444
					$	38,755

Schedule of acquisition date fair values, before prorations recorded in conjunction with acquisitions

	Nine months ended
	September 30,
	2022		2021
Real estate investment acquired	$	38,296	$	39,344
Acquired lease intangible assets		749		-
Assumed Assets		3		23
Total Assets Acquired	$	39,048	$	39,367
Other liabilities		(293)		(569)
Net assets acquired		38,755		38,798
Equity/limited partnership unit consideration		(12,390)		(2,883)
Net cash consideration	$	26,365	$	35,915