ACQUISITIONS (Tables)

12 Months Ended

Dec. 31, 2022

Disclosure of detailed information about business combination [abstract]

Schedule of business combination, income producing properties

During the years ended December 31, 2022 and 2021, Granite made the following property acquisitions:

2022 Acquisitions
Property	Location	Date acquired	Property purchase price		Transaction costs		Total acquisition cost
Income-producing properties:
Georg-Beatzel Straße 15	Wiesbaden, Germany	February 3, 2022	$	62,033	$	3,919	$	65,952
Raiffeisenstraße 28-32	Korbach, Germany	February 3, 2022	60,295		3,819		64,114
In der Langen Else 4	Erfurt, Germany	February 3, 2022	17,636		1,225		18,861
10566 Gateway Pt.	Clayton, IN	April 14, 2022	121,258		98		121,356
2128 Gateway Pt.	Clayton, IN	April 14, 2022	57,886		105		57,991
102 Parkshore Dr.	Brampton, ON	May 24, 2022	20,850		696		21,546
195 Steinway Blvd.	Etobicoke, ON	May 26, 2022	17,700		1,266		18,966
Swaardvenstraat 75	Tilburg, Netherlands	July 1, 2022	102,141		185		102,326
			459,799		11,313		471,112
Property under development:
905 Belle Ln.	Bolingbrook, IL	May 5, 2022	14,516		87		14,603
Development land:
161 Markel Dr.	Brant County, ON	August 19, 2022	6,368		210		6,578
			$	480,683	$	11,610	$	492,293

2021 Acquisitions
Property	Location	Date acquired	Property purchase price		Transaction costs		Total acquisition cost
Income-producing properties:
3090 Highway 42(1)	Locust Grove, GA	March 12, 2021	$	85,138	$	401	$	85,539
3801 Rock Creek Blvd.	Joliet, IL	June 25, 2021	30,247		75		30,322
3900 Rock Creek Blvd.	Joliet, IL	June 25, 2021	34,673		85		34,758
1695-1701 Crossroads Dr.	Joliet, IL	June 25, 2021	50,657		118		50,775
US Portfolio (four properties):
1243 Gregory Dr.	Antioch, IL
60 Logistics Blvd.	Richwood, KY
8740 South Crossroads Dr.	Olive Branch, MS
12577 State Line Rd.	Olive Branch, MS	September 3, 2021	243,697		337		244,034
1600 Rock Creek Blvd.	Joliet, IL	September 7, 2021	20,705		616		21,321
Sophialaan 5	Utrecht, Netherlands	September 17, 2021	42,125		3,432		45,557
100 Ronson Dr.	Toronto, ON	December 13, 2021	18,436		818		19,254
110 Ronson Dr.	Toronto, ON	December 13, 2021	16,164		1,001		17,165
115 Sinclair Blvd.	Brantford, ON	December 17, 2021	66,000		1,491		67,491
Hazeldonk 6520-6524	Breda, Netherlands	December 17, 2021	87,931		7,030		94,961
Hazeldonk 6526-6530	Breda, Netherlands	December 17, 2021	54,699		4,373		59,072
5400 E. 500 S.	Whitestown, IN	December 22, 2021	87,478		212		87,690
			837,950		19,989		857,939
Properties under development:
2120 Logistics Way	Murfreesboro, TN	June 30, 2021	17,308		213		17,521
Highway 109	Lebanon, TN	September 8, 2021	6,505		67		6,572
			23,813		280		24,093
Development land:
375/395 Hardy Rd.	Brantford, ON	August 16, 2021	62,201		1,491		63,692
			$	923,964	$	21,760	$	945,724

(1)    The Trust acquired the leasehold interest in the property which resulted in the recognition of a right-of-use asset, including transaction costs, of $85,539. The Trust will acquire freehold title to the property on December 1, 2028.