During the years ended December 31, 2025 and 2024, amounts capitalized at certain of our properties for tenant improvements, leasing costs and building improvements were as follows:


	Year Ended December 31,
	2025		2024
Tenant improvements (1)	$	4,860	$	1,935
Leasing costs (1)	9,010		6,271
Building improvements (2)	9,057		8,993

Total capital expenditures	$	22,927	$	17,199

(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.

The table below provides information about dispositions, including the sale prices (excluding closing costs), during the years ended December 31, 2025, 2024 and 2023:


						Gain (Loss) on
		Number of	Rentable			Sale of
Date of Sale	Location	Properties	Square Feet	Sales Price		Real Estate
Dispositions during the year ended December 31, 2025:
November 2025	Augusta, GA	1	30,184	$	1,650	$	229
December 2025	Monaca, PA	1	255,658	2,250		(1,605)

Total		2	285,842	$	3,900	$	(1,376)

Dispositions during the year ended December 31, 2024:
We did not dispose of any properties during the year ended December 31, 2024.

Dispositions during the year ended December 31, 2023:
March 2023	Everett, WA	N/A	246,114	$	270	$	(974)
December 2023	Mesquite, TX	1	211,112	20,890		118
December 2023	Asheville, NC	1	32,599	4,300		2,566
Total		2	489,825	$	25,460	$	1,710

During the year ended December 31, 2025, one property previously classified as held for sale no longer met the requirements to be held for sale and was reclassified as held and used.

During the years ended December 31, 2025 and 2024, net loss attributable to noncontrolling interests in our consolidated financial statements was as follows:


	Year Ended December 31,
	2025		2024		2023

Consolidated joint venture	$	36,430	$	41,558	$	41,798
Tenancy in common	(49)		(59)		(68)
Total net loss attributable to noncontrolling interests	$	36,381	$	41,499	$	41,730

We own a 61% equity interest in our consolidated joint venture. We control this consolidated joint venture and therefore account for the properties owned by this joint venture on a consolidated basis in our consolidated financial statements.

An unrelated third party owns an approximate 33% tenancy in common interest in one property located in Somerset, New Jersey with approximately 64,000 rentable square feet, and we own the remaining approximate 67% tenancy in common interest in this property. The tenancy in common made cash distributions to the unrelated third party investor of $60 and $326 for the years ended December 31, 2025 and 2024, respectively.

We own a 22% equity interest in the unconsolidated joint venture, which owns 18 industrial properties located in 12 states totaling approximately 11,726,000 rentable square feet. We account for the unconsolidated joint venture using the equity method of accounting under the fair value option. We recognize changes in the fair value of our investment in the unconsolidated joint venture as equity in earnings of unconsolidated joint venture in our consolidated financial statements.