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Investments in Real Estate, net (Tables)
 9 Months Ended
Sep. 30, 2024
Real Estate [Abstract]  
Summary of Investments in Real Estate
Investments in real estate, net consisted of the following:
September 30,
2024		December 31,
2023
Buildings$2,444,901 $2,290,367 
Land and land improvements548,804 499,936 
Construction in process77,320 — 
Total
3,071,025 2,790,303 
Accumulated depreciation
(138,118)(74,471)
Investments in real estate, net
$2,932,907 $2,715,832 
Summary of 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:
Nine Months Ended September 30, 2024
Property TypeAcquisition ValueNumber of Properties
Square Feet
(in thousands)(1)
Industrial$248,930 29 $3,183 
Retail29,055 2 54 
$277,985 31 $3,237 
_____________
(1)The square footage for the retail properties and a portion of industrial properties relates to build-to-suit assets.

Nine Months Ended September 30, 2023
Property TypeAcquisition ValueNumber of Properties
Square Feet
(in thousands)
Industrial$333,583 6 $3,711 
Retail124,586 10475 
$458,169 164,186 
The following table details the purchase price allocation for the properties acquired during the nine months ended September 30, 2024 and 2023:
Nine Months Ended
September 30, 2024September 30, 2023
Buildings$160,219 $351,078 
Land and land improvements48,122 98,152 
Construction in process48,050 — 
In-place lease intangibles13,964 9,380 
Other lease intangibles15,121 987 
Below-market lease intangibles(7,491)(1,428)
Total Purchase Price$277,985 $458,169