The Company owns and manages primarily single-tenant net-leased industrial real estate properties. As of September 30, 2026, the Company owned 211 properties across 38 U.S. states and 2 Canadian provinces. The portfolio was fully leased, with 41 tenants occupying the properties. Additionally, the portfolio is well-diversified across tenant industries, building sub-types, geographic regions, and lease terms.

Investments in real estate are composed of the following:


	September 30, 2026			December 31, 2025
Buildings and improvements	$	1,615,974		$	1,271,687
Land and land improvements		278,053			194,280
Total		1,894,027			1,465,967
Accumulated depreciation		(199,905	)		(171,959	)
Investments in real estate, net	$	1,694,122		$	1,294,008

Acquisitions

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 nine months ended September 30, 2026 and 2025:


	Nine Months Ended
	September 30, 2026						September 30, 2025
	Number of properties		Acquisition value		Square feet		Number of properties		Acquisition value		Square feet
Industrial properties		12	$	323,496		1,983,167		4	$	83,402		316,268
Essential services properties		29	$	120,937		153,929		-	$	-		-
Total		41	$	444,433		2,137,096		4	$	83,402		316,268

The following table details the purchase price allocation for the properties acquired during the nine months ended September 30, 2026 and 2025:


	Nine Months Ended
	September 30, 2026			September 30, 2025
Buildings and improvements	$	344,268		$	67,140
Land and land improvements		83,770			12,700
In-place lease intangibles		33,993			7,118
Below-market lease		(17,787	)		(3,556	)
Other lease intangibles		189			—
Total Purchase Price	$	444,433		$	83,402

Dispositions

The Company did not sell any properties during the three and nine months ended September 30, 2026 and 2025.