v3.25.3
Real Estate Investments (Tables)
 9 Months Ended
Sep. 30, 2025
Real Estate [Abstract]  
Schedule of Disposition Activities
A summary of the properties classified as held for sale as of September 30, 2025 is below:
Number ofRentableCarrying
LocationOwnership VehiclePropertiesSquare Feet
Value (1)
Groveport, OHILPT1581,000$25,044 
Monaca, PAILPT1256,0003,790 
Augusta, GAILPT1 30,0001,306 
3867,000$30,140 
(1)Excludes the reclassification of $819 from other assets into assets of properties held for sale in our condensed consolidated balance sheets.
Schedule of Capitalized Lessor Expenses
During the three and nine months ended September 30, 2025 and 2024, amounts capitalized at certain of our properties for tenant improvements, leasing costs and building improvements were as follows:
Three Months Ended September 30,
Nine Months Ended September 30,
2025202420252024
Tenant improvements (1)
$1,019 $433 $3,415 $1,019 
Leasing costs (1)
1,374 2,695 4,896 5,006 
Building improvements (2)
4,344 2,509 7,536 5,817 
Total capital expenditures
$6,737 $5,637 $15,847 $11,842 
(1)Includes capital expenditures used to improve tenants’ space or amounts paid directly to tenants to improve their space and leasing related costs, such as brokerage commissions and tenant inducements.
(2)Includes expenditures to replace obsolete building components and expenditures that extend the useful life of existing assets.
Schedule of Net Loss Attributable to Noncontrolling Interest
During the three and nine months ended September 30, 2025 and 2024, net loss attributable to noncontrolling interests in our condensed consolidated financial statements was as follows:
Three Months Ended September 30,
Nine Months Ended September 30,
2025202420252024
Consolidated joint venture$8,878 $10,428 $27,617 $31,256 
Tenancy in common(12)(11)(30)(36)
Total net loss attributable to noncontrolling interests
$8,866 $10,417 $27,587 $31,220