XML 69 R58.htm IDEA: XBRL DOCUMENT v3.24.2
INCOME PROPERTIES - Acquisitions (Details)
$ in Thousands
6 Months Ended
Jun. 30, 2024
USD ($)
ft²
property
Jun. 30, 2023
USD ($)
ft²
tenant
property
Feb. 24, 2023
ft²
Mar. 03, 2022
USD ($)
Acquisitions of Income Properties        
Aggregate acquisition cost including capitalized acquisition costs   $ 14,700    
Weighted average amortization period of intangible assets 6 years      
Face Value of Debt $ 483,834      
Fixed-Rate Mortgage Note        
Acquisitions of Income Properties        
Face Value of Debt       $ 17,800
Income Property, Vacant Land Parcel Adjacent West Broad Village, Richmond, Virginia        
Acquisitions of Income Properties        
Purchase Price   1,500    
2024 Acquisitions        
Acquisitions of Income Properties        
Aggregate acquisition cost including capitalized acquisition costs 72,600      
Land 14,400      
Buildings and improvements 52,000      
Intangible assets pertaining to the in-place lease value, leasing fees and above market lease value 11,200      
Intangible liabilities for below market lease value $ 5,000      
Weighted average amortization period of intangible assets 4 years 10 months 24 days      
Purchase Price $ 72,500      
2024 Acquisitions | Income Property Marketplace at Seminole Towne Center, Sanford, Florida        
Acquisitions of Income Properties        
Number of real estate properties | property 1      
Aggregate acquisition cost including capitalized acquisition costs $ 68,800      
Property Square-Feet | ft² 315,066      
Purchase Price $ 68,700      
Percentage Leased at Acquisition 98.00%      
Remaining Lease Term at Acquisition Date (in years) 4 years 8 months 12 days      
2024 Acquisitions | Income Property Exchange at Gwinnett, Buford, Georgia        
Acquisitions of Income Properties        
Number of real estate properties | property 1      
Area of real estate property acquired | ft² 4,000      
Property Square-Feet | ft² 28,100      
Purchase Price $ 2,300      
Remaining Lease Term at Acquisition Date (in years) 10 years      
2024 Acquisitions | Income Property, Multi-tenant, Rockwall, Texas and Income Property Exchange at Gwinnett, Buford, Georgia        
Acquisitions of Income Properties        
Number of real estate properties | property 1      
2023 Acquisitions        
Acquisitions of Income Properties        
Aggregate acquisition cost including capitalized acquisition costs   76,000    
Purchase Price   $ 75,900    
2023 Acquisitions | Multi-tenant        
Acquisitions of Income Properties        
Number of tenant repurchase options | tenant   1    
2023 Acquisitions | Income Property, Multi-tenant, Rockwall, Texas        
Acquisitions of Income Properties        
Aggregate acquisition cost including capitalized acquisition costs   $ 61,300    
Property Square-Feet | ft²   446,500    
Purchase Price   $ 61,200    
Percentage Leased at Acquisition   95.00%    
Remaining Lease Term at Acquisition Date (in years)   4 years 2 months 12 days    
2023 Acquisitions | Income Property Exchange at Gwinnett, Buford, Georgia        
Acquisitions of Income Properties        
Number of real estate properties | property   4    
Property Square-Feet | ft²   24,100 28,100  
Purchase Price   $ 14,600    
Number of tenant | tenant   6    
Remaining Lease Term at Acquisition Date (in years)   9 years 10 months 24 days