REAL ESTATE ASSETS (Tables)

9 Months Ended

Sep. 30, 2020

Real Estate [Abstract]

Schedule of purchase price allocation for asset acquisition

The following table summarizes the purchase price allocation for the 2020 Property Acquisitions (in thousands):

	2020 Property Acquisitions
Land	$	4,677
Buildings, fixtures and improvements	8,415
Acquired in-place leases and other intangibles (1)	1,418
Total purchase price	$	14,510

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(1)    The amortization period for acquired in-place leases and other intangibles is 14.7 years.

The following table summarizes the purchase price allocation for the 2019 Property Acquisition (in thousands):

	2019 Property Acquisition
Land	$	1,501
Buildings, fixtures and improvements	3,804
Acquired in-place leases and other intangibles (1)	860
Total purchase price	$	6,165

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(1)    The amortization period for acquired in-place leases and other intangibles is 19.8 years.