v3.25.1
Real Estate (Tables)
 3 Months Ended
Mar. 31, 2025
Real Estate [Abstract]  
Schedule of Allocation of Purchase Price Including Closing Cost of Assets

The following table summarizes the Company’s allocation of the purchase price, including closing costs, of assets acquired during the year ended December 31, 2024:

 

Purchase Price Allocation

 

Land

$

5,437

 

Building and improvements

 

27,625

 

Acquired lease intangible assets

 

1,089

 

Other assets

 

1,403

 

Total consideration

$

35,554

 

The following table summarizes the Company’s allocation of the purchase price, including closing costs, of assets acquired during the three months ended March 31, 2025:

 

Purchase Price Allocation

 

Land

$

3,937

 

Land improvements

 

16

 

Acquired lease intangible assets/liabilities (1)

 

(2

)

Other assets

 

6

 

Total consideration

$

3,957

 
(1)
Acquired lease intangible assets/liabilities include both in-place and below-market lease allocations.