v3.25.2
Real Estate Under Development (Tables)
6 Months Ended
Jun. 30, 2025
Real Estate [Abstract]  
Summary of Purchase Price Allocation, Inclusive of Capitalized Costs The Company accounted for this transaction as an asset acquisition under ASC 805 and a summary of the a purchase price allocation, inclusive of capitalized costs, as of the acquisition date is below:

 

 

Amounts

 

Cash

 

$

13,602

 

Land

 

 

20,113

 

Construction in progress

 

 

14,903

 

Tenant improvements

 

 

4,679

 

Prepaid expenses

 

 

2,255

 

Accounts payable

 

 

(3,731

)

Tenant contributions related to real estate under development

 

 

(35,730

)

Total purchase price

 

$

16,091

 

Non-controlling interest

 

 

(10,346

)

Net purchase price

 

$

5,745