Investment in Real Estate

9 Months Ended

Sep. 30, 2024

Acquisitions

During the nine months ended September 30, 2024, we acquired five industrial properties totaling approximately 0.3 million square feet of GLA. We accounted for the properties as asset acquisitions and capitalized transaction costs to the basis of the acquired assets. The following table summarizes the allocation of the aggregate purchase price, excluding transaction costs, to each major asset class for the industrial properties acquired during the nine months ended September 30, 2024:


Land	$	16,475
Building and Improvements	24,635
In-Place Leases	3,209
Above Market Leases	333
Below Market Leases	(818)
Other Assets	931

Total Purchase Price	$	44,765

Sales

During the nine months ended September 30, 2024, we sold 17 industrial properties totaling approximately 1.0 million square feet of GLA. Gross proceeds from the sales were $138,257 and the gain on sale of real estate attributable to these sales was $93,801.

Real Estate Held for Sale

As of September 30, 2024, we had three industrial properties held for sale totaling approximately 0.2 million square feet of GLA.