Investment in Real Estate

3 Months Ended

Mar. 31, 2017

Real Estate [Abstract]

Investment in Real Estate

Investment in Real Estate

Acquisitions

During the three months ended March 31, 2017, we acquired one land parcel. The purchase price of this acquisition totaled approximately $14,975, excluding costs incurred in conjunction with the acquisition.

Real Estate Held for Sale

As of March 31, 2017, we had two industrial properties comprising approximately 0.1 million square feet of GLA held for sale.

Sales

During the three months ended March 31, 2017, we sold 12 industrial properties comprising approximately 0.3 million square feet of GLA. Gross proceeds from the sales of these industrial properties were approximately $20,500. The gain on sale of real estate was approximately $8,009.