Rental Property Acquisitions (Tables)

3 Months Ended

Mar. 31, 2025

Real Estate [Abstract]

Schedule of Real Estate Properties

The consideration transferred to complete this rental property acquisition and the purchase price allocation amongst the identifiable assets acquired and liabilities assumed was as follows:

	Fair value (in thousands)		Weighted-Average Amortization Period (in years)
Land	$	22,416
Buildings, improvements and fixtures	127,516		36.4
Above market lease value	6,922		7.0
Below market lease value	(7,480)		11.5
Lease in place value	13,388		6.9
Lease and legal costs	5,143		5.1
Total deferred lease costs and other intangibles, net	17,973
Total fair value of assets acquired	$	167,905