
Three Months Ended		Number of Properties	Land		Building and Improvements		Tenant Improvements		In-place lease intangibles		Above- market leases		Below- market leases		Other (1)		Total (2)
2025
March 31, 2025	(3)	36	$	3,990	$	12,579	$	114	$	1,192	$	—	$	(1,415)	$	(119)	$	16,341
June 30, 2025	(4)	68	$	8,402	$	28,473	$	269	$	2,775	$	11	$	(3,131)	$	68	$	36,867

Total		104	12,392		41,052		383		3,967		11		(4,546)		(51)		53,208

(1)Includes intangible liabilities related to unfavorable operating leases with purchase options on three properties during the three months ended March 31, 2025 and two properties during the three months ended June 30, 2025 that is included in “Accounts payable, accrued expenses and other, net" on the Consolidated Balance Sheets. Also, includes a below market ground lease intangible asset on four properties during the three months ended June 30, 2025 that is included in “Prepaid expenses and other assets, net" on the Consolidated Balance Sheets.

(2)Includes closing costs of approximately $0.5 million for the three months ended March 31, 2025 and $1.0 million for the three months ended June 30, 2025.

(3)Includes the acquisition of 36 properties in various states in individual or portfolio transactions for a price of approximately $16.3 million, including closing costs, which was funded with both the issuance of OP Units to the sellers (valued at approximately $1.0 million using the share price of Class A common stock on the date of the issuance of such OP units) and cash consideration.

(4)Includes the acquisition of 68 properties in various states in individual or portfolio transactions for a price of approximately $36.9 million, including closing costs, which were funded with both the issuance of OP Units to the sellers (valued at approximately $5.0 million using the share price of Class A common stock on the date of each issuance of such OP units) and cash consideration.