Quarterly report pursuant to Section 13 or 15(d)

Properties, Net (Tables)

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Properties, Net (Tables)
3 Months Ended
Mar. 31, 2024
Real Estate [Abstract]  
Schedule of operating properties, net
Operating properties, net consisted of the following (in thousands): 
March 31,
2024
December 31,
2023
Land $ 488,371  $ 482,964 
Buildings and improvements 4,218,702  4,164,004 
Less: Accumulated depreciation (1,434,621) (1,400,162)
Operating properties, net $ 3,272,452  $ 3,246,806 
Schedule of allocation of acquisition costs The table below sets forth the allocation of the purchase price and transaction costs associated with this acquisition (in thousands):
Land, operating properties $ 5,428 
Building and improvements 2,534 
Intangible assets on real estate acquisitions 7,248 
Total acquisition cost $ 15,210 
Schedule of intangible assets acquired
Intangible assets recorded in connection with this acquisition included the following (dollars in thousands):
Weighted Average Amortization Period
 (in Years)
Tenant relationship value $ 3,752  12.4
In-place lease value 2,229  2.4
Above-market leases 1,267  2.4
$ 7,248  7.6