Quarterly report pursuant to Section 13 or 15(d)

Properties, Net (Tables)

v3.24.3
Properties, Net (Tables)
9 Months Ended
Sep. 30, 2024
Real Estate [Abstract]  
Schedule of Operating Properties, Net
Operating properties, net consisted of the following (in thousands): 
September 30,
2024
December 31,
2023
Land $ 491,304  $ 482,964 
Buildings and improvements 4,301,385  4,164,004 
Less: Accumulated depreciation (1,502,730) (1,400,162)
Operating properties, net $ 3,289,959  $ 3,246,806 
Schedule of Allocation of Acquisition Costs The table below sets forth the allocation of the aggregate purchase price and transaction costs associated with these acquisitions (in thousands):
Land, operating properties $ 8,361 
Building and improvements 16,635 
Intangible assets on real estate acquisitions 7,248 
Total acquisition cost $ 32,244 
Schedule of Intangible Assets Acquired
Intangible assets recorded in connection with these acquisitions 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