Annual report pursuant to Section 13 and 15(d)

Business Combinations and Asset Acquisitions (Tables)

v3.25.0.1
Business Combinations and Asset Acquisitions (Tables)
 12 Months Ended
Dec. 31, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]  
Schedule of Consideration Transferred to Acquire the Rental Properties The consideration transferred to complete these rental property acquisitions and the purchase price allocation amongst the identifiable assets acquired and liabilities assumed was as follows:
Fair value
 (in thousands)
 Weighted-Average Amortization Period (in years)
Land $ 6,244 
Buildings, improvements and fixtures 59,358  32.5
Deferred lease costs and other intangibles:
   Above market lease value 4,664  5.6
   Below market lease value (3,987) 5.6
   Lease in place value 6,163  5.6
   Lease and legal costs 1,124  3.8
      Total deferred lease costs and other intangibles, net 7,964 
Total fair value of assets acquired $ 73,566 
The consideration transferred to complete these rental property acquisitions and the purchase price allocation amongst the identifiable assets acquired and liabilities assumed was as follows:
Fair value
 (in thousands)
 Weighted-Average Amortization Period (in years)
Land $ 28,524 
Buildings, improvements and fixtures 202,276  31.3
Deferred lease costs and other intangibles:
   Above market lease value 6,992  3.6
   Below market lease value (6,433) 3.3
   Lease in place value 26,438  3.6
   Lease and legal costs 7,259  3.8
      Total deferred lease costs and other intangibles, net 34,256 
Total fair value of assets acquired $ 265,056