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Real Estate Investments
 3 Months Ended
Mar. 31, 2022
Business Combinations [Abstract]  
Real Estate Investments Real Estate Investments
2022 Company Acquisitions
The following table details the Company's acquisitions for the three months ended March 31, 2022:
Dollars in thousandsDATE ACQUIREDPURCHASE PRICE
CASH
CONSIDERATION 1
REAL
ESTATE 2
OTHER 3
SQUARE FOOTAGE
Dallas, TX 2/11/22$8,175 $8,185 $8,202 $(17)18,000 
San Francisco, CA 3
3/7/22114,000 112,986 108,687 4,299 166,396 
Total real estate acquisitions$122,175 $121,171 $116,889 $4,282 184,396 
1Cash consideration excludes prorations of revenue and expense due to/from seller at the time of the acquisition.
2Excludes financing right of use assets.
3Includes other assets acquired, liabilities assumed, and intangibles recognized at acquisition.
4Includes three properties.

Subsequent to March 31, 2022, the Company acquired the following properties:
Dollars in thousandsDATE ACQUIREDPURCHASE PRICESQUARE FOOTAGE
Atlanta, GA4/7/22$6,912 21,535 
Denver, CO4/13/226,320 12,207 
Colorado Springs, CO 1
4/13/2213,680 25,800 
Seattle, WA4/28/228,350 13,256 
Houston, TX4/28/2236,250 76,781 
Los Angeles, CA 4/29/2235,000 34,282 
Oklahoma City, OK4/29/2211,100 34,944 
Total real estate acquisitions$117,612 218,805 
1Includes two properties.
2022 TIAA Joint Venture Acquisitions
The TIAA Joint Venture is not consolidated for purposes of the Company's Condensed Consolidated Financial Statements. The following table details the TIAA Joint Venture acquisitions for the three months ended March 31, 2022:
Dollars in thousandsDATE ACQUIREDPURCHASE PRICE
CASH
CONSIDERATION 1
REAL
ESTATE
OTHER 2
SQUARE FOOTAGECOMPANY OWNERSHIP %
San Francisco, CA 3
3/7/2267,175 66,789 65,179 1,610 110,865 50 %
Los Angeles, CA 4
3/7/2233,800 32,384 32,390 (6)103,259 50 %
Total real estate acquisitions$100,975 $99,173 $97,569 $1,604 214,124 

1Cash consideration excludes prorations of revenue and expense due to/from seller at the time of the acquisition.
2Includes other assets acquired, liabilities assumed, and intangibles recognized at acquisition.
3Includes three properties.
4Includes two properties.


Unconsolidated Joint Ventures
The Company's investment in and loss recognized for the three months ended March 31, 2022 and 2021 related to its joint ventures accounted for under the equity method are shown in the table below:
THREE MONTHS ENDED
March 31,
Dollars in thousands20222021
Investments in unconsolidated joint ventures, beginning of period 1
$161,942 $73,137 
New investments during the period49,598 10,880 
Equity loss recognized during the period 1
(345)(74)
Investments in unconsolidated joint ventures, end of period 1
$211,195 $83,943 
1In addition to the TIAA Joint Venture, the Company also has a 55% and 27% ownership interest, respectively, in two limited liability companies that each own a parking garage in Atlanta, Georgia.

2022 Real Estate Asset Dispositions
The following table details the Company's dispositions for the three months ended March 31, 2022:
Dollars in millionsDATE DISPOSEDSALE PRICECLOSING ADJUSTMENTSNET PROCEEDSNET REAL ESTATE INVESTMENT
OTHER (INCLUDING RECEIVABLES) 1
GAIN/(IMPAIRMENT)SQUARE FOOTAGE
Loveland, CO 2
2/24/22$84,950 $(45)$84,905 $40,095 $4 $44,806 150,291 
1Includes straight-line rent receivables, leasing commissions and lease inducements.
2Includes two properties.

Assets Held for Sale
As of March 31, 2022, the Company had two properties and a garage classified as assets held for sale. The Company did not have any properties classified as assets held for sale as of December 31, 2021. During the first quarter of 2022, the Company reclassified to assets held for sale two medical office buildings and a garage in San Antonio, Texas with a contractual sales price of $25.5 million under a single purchase agreement. The sales price was greater than the current net investment of approximately $14.4 million. The Company disposed of these properties on April 15, 2022.
The table below reflects the assets and liabilities of the properties classified as held for sale as of March 31, 2022 and December 31, 2021:
Dollars in thousandsMarch 31, 2022December 31, 2021
Balance Sheet data:
Land$2 $— 
Building, improvements and lease intangibles40,447 — 
Personal property142 — 
40,591 — 
Accumulated depreciation(26,215)— 
Real estate assets held for sale, net14,376 — 
Other assets, net585 57 
Assets held for sale, net$14,961 $57 
Accounts payable and accrued liabilities$325 $169 
Other liabilities362 125 
Liabilities of assets held for sale$687 $294