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Real Estate
3 Months Ended
Mar. 31, 2024
Real Estate  
Real Estate

Note 5—Real Estate

During the three months ended March 31, 2024, the Company completed acquisitions of three properties in the Corn Belt region. Aggregate consideration for these acquisitions totaled $16.3 million. No intangible assets were acquired through these acquisitions.

During the three months ended March 31, 2023, the Company completed one acquisition in the Corn Belt region. Aggregate consideration for this acquisition totaled $0.1 million. No intangible assets were acquired through this acquisition.

During the three months ended March 31, 2024, the Company had no property dispositions. In addition, during the three months ended December 31, 2023, the Company recorded a deferred gain of approximately $2.1 million in connection with the sale of two properties, whereby the Company provided approximately $9.5 million of seller financing. The deferred gain will be recognized at such time as we consider collection of the seller financing to be probable under applicable accounting standards.

During the three months ended March 31, 2023, the Company completed two dispositions in the Delta and South region. The Company received cash consideration for these dispositions totaling $7.1 million and recognized an aggregate gain on sale of $1.8 million.

During the three months ended March 31, 2024 and 2023, the Company incurred an immaterial amount of costs related to acquisitions and due diligence.