v3.25.1
ACQUISITIONS AND DISPOSITIONS (Tables)
 3 Months Ended
Mar. 31, 2025
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]  
Schedule of Business Acquisitions, by Acquisition
During the three months ended March 31, 2025, no acquisitions were completed by the Company. During the three months ended March 31, 2024, the Company closed on the following acquisition:
Date PurchasedProperty NameCityStateSquare Feet
Purchase Price(1)
(in thousands)
February 8, 2024Heritage SquareWatchungNJ87,000 $33,838 
(1) The total purchase price for the property acquired during the three months ended March 31, 2024 includes $0.7 million of transaction costs.
The purchase price of the above property acquisition has been allocated as follows:
(amounts in thousands)

Property Name
LandBuildings and Improvements
Identified Intangible Assets(1)
Identified Intangible Liabilities(1)
Total Purchase Price
Heritage Square$7,343 $24,643 $4,763 $(2,911)$33,838 
(1) As of March 31, 2025, the remaining weighted average amortization periods of the identified intangible assets and identified intangible liabilities acquired in 2024 were 6.7 years and 24.4 years, respectively.