Investments in Real Estate, Net (Tables)

6 Months Ended

Jun. 30, 2026

Investments in Real Estate, Net

Schedule of Real Estate Activity

Real estate investment is composed of the following:


		June 30, 2026				December 31, 2025
Buildings and improvements		$	1,404,120			$	1,271,687
Land and land improvements			238,353				194,280
Total			1,642,473				1,465,967
Accumulated depreciation			(189,409	)			(171,959	)
Investments in real estate, net		$	1,453,064			$	1,294,008

Schedule of Acquisition

The following table details the acquisition values, including closing costs, number of properties, and total square feet for acquisitions made by the Company during the six months ended June 30, 2026:


		Six Months Ended
		June 30, 2026
		Number of properties				Acquisition value				Square feet
Industrial properties			4			$	182,155				732,844

Schedule of Purchase Price Allocation for Property Acquired

The following table details the purchase price allocation for the properties acquired during the six months ended June 30, 2026:


		Six Months Ended
		June 30, 2026
Buildings and improvements		$	132,415
Land and land improvements			44,069
In-place lease intangibles			7,138
Below-market lease			(1,488	)
Other lease intangibles			21
Total Purchase Price		$	182,155