Real Estate Acquisitions And Dispositions (Tables)

9 Months Ended

Sep. 30, 2023

Business Combination and Asset Acquisition [Abstract]

The following table summarizes our property acquisitions for the nine months ended September 30, 2023:


Location	Property Type (1)	Date Acquired	Purchase Price		Cash Consideration		Real Estate		Other (2)		Square Footage
			(000's)		(000's)		(000's)		(000's)
LaGrange, GA	MOB	01/18/23	$	8,007	$	8,087	$	8,118	$	(31)	55,310
West Point, GA	MOB	01/18/23	811		819		822		(3)		5,600
Canton, OH	MOB	01/30/23	3,669		3,706		4,287		(581)		27,920
Scranton, PA	MOB	02/23/23	1,957		2,165		2,317		(152)		22,743
Scranton, PA	MOB	02/23/23	2,207		2,366		2,340		26		15,768
LaGrange, GA	MOB	03/06/23	6,469		6,458		6,622		(164)		31,473
LaGrange, GA	MOB	03/06/23	249		294		300		(6)		2,972
Lakeland, FL	Land	04/03/23	838		845		846		(1)		—
Hermitage, PA	MOB	05/04/23	4,218		4,382		4,529		(147)		25,982
San Antonio, TX	MOB	05/22/23	2,772		2,783		3,031		(248)		12,376
Clinton, MD	MOB	06/21/23	7,850		7,807		7,867		(60)		37,344
Ft. Myers, FL	MOB	07/28/23	10,646		10,739		10,952		(213)		43,322
Ft. Myers, FL	MOB	07/28/23	582		588		497		91		3,200
Immokalee, FL	MOB	07/28/23	847		863		881		(18)		6,757
El Paso, TX	IRF	07/31/23	23,500		23,538		23,538		—		37,992
Beaver, PA	MOB	08/24/23	3,330		3,496		3,581		(85)		15,878
Westlake, OH	MOB	08/25/23	2,425		2,444		2,535		(91)		14,100
Newcastle, PA	MOB	09/15/23	10,375		10,613		11,239		(626)		56,003
			$	90,752	$	91,993	$	94,302	$	(2,309)	414,740

(1) MOB - Medical Office Building; IRF - Inpatient Rehabilitation Facility
(2) Includes other assets acquired, liabilities assumed, and above and below-market intangibles recognized at acquisition.

Schedule of Assets Acquired and Liabilities Assumed

The following table summarizes the relative fair values of the assets acquired and liabilities assumed in the property acquisitions for the nine months ended September 30, 2023:


			Relative Fair Value		Estimated Useful Life
			(in thousands)		(in years)
Land and land improvements			$	17,836	8.7
Building and building improvements			65,765		30.8
Intangibles:
	At-market lease intangibles		10,701		4.5
	Above-market lease intangibles		976		5.1
	Below-market lease intangibles		(2,940)		5.4
		Total intangibles	8,737



Accounts payable, accrued liabilities and other liabilities assumed			(399)
Accounts receivable and other assets acquired			303
Prorated rent, interest and operating expense reimbursement amounts collected			(249)
	Total cash consideration		$	91,993