Investment in Real Estate |
6 Months Ended | ||||||||||||||||||||||||||||||||||||
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Jun. 30, 2025 | |||||||||||||||||||||||||||||||||||||
| Real Estate [Abstract] | |||||||||||||||||||||||||||||||||||||
| Investment in Real Estate | Investment in Real Estate Acquisitions During the six months ended June 30, 2025, we acquired two industrial properties totaling approximately 0.8 million square feet of GLA from the Joint Venture (see Note 5), as well as one land parcel from a third-party seller. We accounted for the properties and land parcel as asset acquisitions, with related transaction costs capitalized to the respective asset bases. The following table summarizes the allocation of the aggregate purchase price, excluding transaction costs, to the major asset classes for the industrial properties and land parcel acquired during the six months ended June 30, 2025:
Sales During the six months ended June 30, 2025, we sold three industrial properties totaling approximately 0.1 million square feet of GLA. Gross proceeds from the sales were $13,710 and the gain on sale of real estate attributable to these sales was $7,965.
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