Investment in Real Estate Investment in Real Estate (Tables)

6 Months Ended

Jun. 30, 2017

Real Estate [Abstract]

Summary of Acquisition Purchase Price Allocation

The following table summarizes the amounts recognized for each major class of asset and liability for the industrial properties and land parcels acquired during the six months ended June 30, 2017:

	Purchase Price			Weighted Average Life (in Months)
Land	$	56,888		N/A
Building and Improvements	34,816			(A)
Other Assets	546			(B)
In-Place Leases	3,417			85
Below Market Leases	(1,170		)	95
Total Purchase Price	$	94,497

(A) See Note 2 to the consolidated financial statements in our 2016 Form 10-K for the disclosure of useful lives of our Investment in Real Estate and our Depreciation policy.

(B) Represents leasing commissions, which are included in prepaid expenses and other assets, net on the consolidated balance sheets and amortized over the remaining term of each lease.