During the nine months ended September 30, 2022, we acquired 100% of the following properties, which were determined to be asset acquisitions:

(1)	Total purchase price is equal to the total consideration paid plus any debt assumed at fair value. There was no debt assumed in connection with the 2022 acquisitions.

(2)	Two land parcels included in the acquisition of the Build-to-Core Logistics Portfolio II.

(3)	Refer to “Note 5” for further detail regarding the acquisition of the Build-To-Core Logistics Portfolio II as a result of the BTC II Partnership Transaction (as defined below).

During the nine months ended September 30, 2022, we allocated the purchase price of our acquisitions to land, building and improvements, construction in progress, and intangible lease assets and liabilities as follows:


	For the Nine Months Ended
(in thousands)	September 30, 2022
Land	$	422,870
Building and improvements		1,266,672
Intangible lease assets		115,759
Above-market lease assets		2,507
Construction in progress		33,370
Below-market lease liabilities		(34,749)
Total purchase price (1)	$	1,806,429

(1)	Total purchase price is equal to the total consideration paid plus any debt assumed at fair value. There was no debt assumed in connection with the 2022 acquisitions.

Intangible and above-market lease assets are amortized over the remaining lease term. Below-market lease liabilities are amortized over the remaining lease term, plus any below-market, fixed-rate renewal option periods. The weighted-average amortization period for the intangible lease assets and liabilities acquired in connection with our acquisitions during the nine months ended September 30, 2022, as of the respective date of each acquisition, was 4.9 years.