Investments in Real Estate (Tables)

6 Months Ended

Jun. 30, 2023

Real Estate Investments, Net [Abstract]

Summary of Investments in Real Estate, Net

Investments in real estate, net consisted of the following ($ in thousands):

	June 30, 2023
Building and building improvements	$	40,495
Land and land improvements		1,492
Tenant improvements		620
Total		42,607
Accumulated depreciation		(415	)
Investment in real estate, net	$	42,192

Summary of Purchase Price Allocation for Property Acquired

The following table summarizes the purchase price allocation for the property acquired during the six months ended June 30, 2023 ($ in thousands):

	Amount
Building and building improvements	$	40,495
Land and land improvements		1,492
In-place lease intangibles		7,051
Above-market lease intangibles		176
Total purchase price	$	49,214