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Real Estate
9 Months Ended
Sep. 30, 2024
Real Estate  
Real Estate

Note 5—Real Estate

During the nine months ended September 30, 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 nine months ended September 30, 2023, the Company completed acquisitions of three properties in the Corn Belt and Delta and South regions. Aggregate consideration for these acquisitions totaled $20.0 million. No intangible assets were acquired through these acquisitions.

During the nine months ended September 30, 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. During the nine months ended September 30, 2024, the Company collected the seller financing and recognized the gain on sale of approximately $2.1 million.

During the nine months ended September 30, 2023, the Company completed dispositions of 54 properties in the Corn Belt, Delta and South, High Plains, Southeast and West Coast regions. The Company received cash consideration for these dispositions totaling $121.7 million and recognized an aggregate gain on sale of $23.2 million.

During the three and nine months ended September 30, 2024 and 2023, the Company incurred an immaterial amount of costs related to acquisitions and due diligence.

The Company sold 52 properties after September 30, 2024.  See “Note 12—Subsequent Events” for additional information regarding the Company’s property dispositions subsequent to September 30, 2024.