NOTE 16 – ACQUISITIONS The Trust had one acquisition during the three months ended March 31, 2026. | | | | | | | | | | | | | Date | | Property Name | | Location | | Property Type | | | Units/ Square Footage/ Acres | | Total Net Assets Acquired | 2/9/26 | | Stonebridge Apartments | | Fargo, ND | | Apartment Complex | | | 246 units | | $ | 26,716 | | | | | | | | | | | | $ | 26,716 |
The Trust has no acquisitions during the three months ended March 31, 2025. The table below represents a summary of the purchase accounting allocation and reconciliation to net cash consideration of the properties acquired. | | | | | | | | | | | March 31, | | | | 2026 | | 2025 | Real estate investment acquired | | | $ | 26,032 | | $ | - | Assumed interest rate derivative | | | | - | | | - | Acquired lease intangible assets | | | | 715 | | | - | Assumed assets | | | | 32 | | | - | Total Assets Acquired | | | $ | 26,779 | | $ | - | Assumed loans | | | | - | | | - | Other liabilities | | | | (63) | | | - | Net assets acquired | | | | 26,716 | | | - | Restricted cash proceeds related to IRC Section 1031 tax-deferred exchange | | | | - | | | - | Equity/limited partnership unit consideration | | | | (8,551) | | | - | Net cash consideration | | | $ | 18,165 | | $ | - |
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