Investments in Real Estate, net (Tables)

3 Months Ended

Mar. 31, 2024

Real Estate [Abstract]

Investments in Real Estate

Investments in real estate, net consisted of the following:

	March 31, 2024		December 31, 2023
Buildings	$	2,278,803	$	2,290,367
Land and land improvements	498,451		499,936
Total	2,777,254		2,790,303
Accumulated depreciation	(95,148)		(74,471)
Investments in real estate, net	$	2,682,106	$	2,715,832

Real Estate Investments

For acquisitions not denominated in USD, the amounts have been presented in USD at the prevailing foreign exchange rate on the acquisition date:

	Three Months Ended March 31, 2023
Property Type	Acquisition Value		Number of Properties	Square Feet (in thousands)
Industrial	$	248,979	4	3,155

The following table details the purchase price allocation for the properties acquired during the three months ended March 31, 2023:

	Three Months Ended March 31, 2023
Buildings	$	206,568
Land and land improvements	42,411
Net Purchase Price	$	248,979