Subsequent Events |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Subsequent Events [Abstract] | |
| SUBSEQUENT EVENTS | SUBSEQUENT EVENTS 405 Colorado Acquisition In July 2026, the Company acquired 405 Colorado, an office property located in Austin, Texas. The property is comprised of approximately 205,000 square feet of net rentable area that is currently 100% leased. The contract purchase price of 405 Colorado was approximately $151.0 million exclusive of transaction costs and closing prorations. The seller is not affiliated with the Company or its affiliates. Design Center of the Carolinas Acquisition In July 2026, the Company acquired Design Center of the Carolinas, a retail property located in Charlotte, North Carolina. The property is comprised of approximately 239,000 square feet of net rentable area that is currently 88% leased. The purchase price of Design Center of the Carolinas was approximately $170.0 million exclusive of transaction costs and closing prorations. The seller is not affiliated with the Company or its affiliates. UK Industrials Disposition In July 2026, the Company sold three U.K. Industrial properties, Charles Tyrwhitt DC, DSG Bristol and 5100 Cross Point for a contract sales price of £77.9 million (approximately $105.2 million, assuming a rate of $1.35 per GBP as of the disposition date) exclusive of transaction costs and closing prorations. The purchaser is not affiliated with the Company or its affiliates. Diemelstadt Acquisition In August 2026, the Company acquired Diemelstadt, an Industrial property located in Diemelstadt, Germany. The property is comprised of approximately 732,000 square feet of net rentable area that is currently 100% leased. The purchase price of Diemelstadt was approximately €71.5 million (approximately $82.2 million, assuming a rate of $1.15 per EUR as of the purchase date) exclusive of transaction costs and closing prorations. The seller is not affiliated with the Company or its affiliates. Eastgate Disposition In August 2026, a subsidiary of the Company sold all of its interests in its wholly-owned subsidiary that owned Eastgate Park for a gross sales price of €50.3 million (approximately $57.8 million, assuming a rate of $1.15 per EUR as of the disposition date), resulting in a net sales price of €13.6 million after closing costs, the payoff of the existing mortgage loan on the property, and the payoff of a shareholder loan to the Company’s subsidiary. The purchaser is not affiliated with the Company or its affiliates.
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