Investments in real estate, net consisted of the following:


	June 30, 2024		December 31, 2023
Buildings	$	2,283,584	$	2,290,367
Land and land improvements	510,417		499,936
Construction in process	40,639		—
Total	2,834,640		2,790,303
Accumulated depreciation	(115,699)		(74,471)
Investments in real estate, net	$	2,718,941	$	2,715,832

No construction in progress was placed into service during the six months ended June 30, 2024. During the six months ended June 30, 2023, $519,295 of construction in progress was placed into service, including $468,952 of buildings and $50,343 of land improvements.

The total rentable square feet of gross leasable area (“GLA”) of the Company was 15,373 and 14,266 thousand square feet as of June 30, 2024 and 2023, respectively, of which approximately 99% and 100% was leased, respectively.

The following tables set forth the acquisition values, number of properties and total rentable square feet of GLA of the Company for the six months ended June 30, 2024 and 2023. For acquisitions not denominated in USD, the amounts have been presented in USD at the prevailing foreign exchange rate on the acquisition date:


	Six Months Ended June 30, 2024
Property Type	Acquisition Value		Number of Properties	Square Feet (in thousands)(1)
Industrial	$	54,761	22	$	5,657
Retail	10,023		1	954
	$	64,784	23	6,611

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(1)The square footage for the retail property and a portion of industrial properties relates to build-to-suit assets.


	Six Months Ended June 30, 2023
Property Type	Acquisition Value		Number of Properties	Square Feet (in thousands)
Industrial	$	248,979	4	$	3,156

The following table details the purchase price allocation for the properties acquired during the six months ended June 30, 2024 and 2023:


	Six Months Ended
	June 30, 2024		June 30, 2023
Buildings	$	13,461	$	206,568
Land and land improvements	13,178		42,411
Construction in process	29,017		—
In-place lease intangibles	4,080		—
Other lease intangibles	5,142		—
Below-market lease intangibles	(94)		—
Total Purchase Price	$	64,784	$	248,979

During the six months ended June 30, 2024, the Company disposed of one retail property and one parcel of excess land at an industrial property for total net proceeds of $5,260 and recognized a net gain on dispositions of real estate of $714.