REAL ESTATE INVESTMENTS (Tables)

3 Months Ended

Mar. 31, 2022

Real Estate [Abstract]

Gross Carrying Value of Operating Properties

As of March 31, 2022 and December 31, 2021, the gross carrying value of the operating properties was as follows (in thousands):

	March 31, 2022		December 31, 2021
Land	$	410,103	$	410,144
Building and improvements	2,696,233		2,653,492
Tenant improvements	411,659		408,966
Total	$	3,517,995	$	3,472,602

Summary of Properties Acquired

The following table summarizes the property acquisitions during the three months ended March 31, 2022 (dollars in thousands):

Property/Portfolio Name	Acquisition Date	Location	Property Type	Rentable Square Feet/Acres	Purchase Price
631 Park Avenue	January 21, 2022	King of Prussia, PA	Land	3.3 acres	$	3,650

Summary of Properties Sold

The following table summarizes the property dispositions during the three months ended March 31, 2022 (dollars in thousands):

Property/Portfolio Name	Disposition Date	Location	Property Type	Rentable Square Feet/Acres	Sales Price		Gain/(Loss) on Sale (a)
Gateway G & H	January 20, 2022	Richmond, VA	Land	10.0 acres	$	1,600	$	897

(a)Gain/(Loss) on Sale is net of closing and other transaction related costs.