Industrial Logistics Properties Trust (ILPT) 10-K 14 Feb 23 2022 FY Annual report Financial data

Cover Page

Cover Page - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Feb. 09, 2023	Jun. 30, 2022
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2022
Current Fiscal Year End Date	--12-31
Document Transition Report	false
Entity File Number	001-38342
Entity Registrant Name	INDUSTRIAL LOGISTICS PROPERTIES TRUST
Entity Incorporation, State or Country Code	MD
Entity Tax Identification Number	82-2809631
Entity Address, Address Line One	Two Newton Place,
Entity Address, Address Line Two	255 Washington Street,
Entity Address, Address Line Three	Suite 300,
Entity Address, City or Town	Newton,
Entity Address, State or Province	MA
Entity Address, Postal Zip Code	02458-1634
City Area Code	617
Local Phone Number	219-1460
Title of 12(b) Security	Common Shares of Beneficial Interest
Trading Symbol	ILPT
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Entity Shell Company	false
Entity Public Float			$ 907.8
Entity Common Stock, Shares Outstanding		65,566,363
Documents Incorporated by Reference	Certain information required by Items 10, 11, 12, 13 and 14 of Part III of this Annual Report on Form 10-K is incorporated by reference to our definitive Proxy Statement for the 2023 Annual Meeting of Shareholders, to be filed with the Securities and Exchange Commission within 120 days after the fiscal year ended December 31, 2022.
Entity Central Index Key	0001717307
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	FY
Amendment Flag	false

Audit Information

Audit Information	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2020
Auditor [Abstract]
Auditor Name	Deloitte & Touche LLP
Auditor Firm ID	34
Auditor Location	Boston, Massachusetts	Boston, Massachusetts

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands		Dec. 31, 2022	Dec. 31, 2021
Real estate properties:
Land		$ 1,117,779	$ 699,037
Buildings and improvements		4,058,329	1,049,796
Total real estate properties, gross		5,176,108	1,748,833
Accumulated depreciation		(273,467)	(167,490)
Total real estate properties, net		4,902,641	1,581,343
Investment in unconsolidated joint venture		124,358	143,021
Acquired real estate leases, net		297,445	63,441
Cash and cash equivalents		48,261	29,397
Restricted cash	[1]	92,519	0
Rents receivable, including straight line rents of $80,710 and $69,172, respectively		107,011	75,877
Other assets, net		103,931	15,479
Total assets		5,676,166	1,908,558
LIABILITIES AND EQUITY
Revolving credit facility		0	182,000
Mortgages and notes payable, net		4,244,501	646,124
Accounts payable and other liabilities		73,547	27,772
Assumed real estate lease obligations, net		22,523	12,435
Due to related persons		4,824	2,185
Total liabilities		4,345,395	870,516
Commitments and contingencies
Equity:
Common shares of beneficial interest, $.01 par value: 100,000,000 shares authorized; 65,568,145 and 65,404,592 shares issued and outstanding, respectively		656	654
Additional paid in capital		1,014,201	1,012,224
Cumulative net income		117,185	343,908
Cumulative other comprehensive income		21,903	0
Cumulative common distributions		(363,221)	(318,744)
Total equity attributable to common shareholders		790,724	1,038,042
Total equity attributable to noncontrolling interest		540,047	0
Total equity		1,330,771	1,038,042
Total liabilities and equity		$ 5,676,166	$ 1,908,558
[1]Restricted cash consists of amounts escrowed for capital expenditures at certain of our mortgaged properties and cash held for the operations of our consolidated joint venture in which we own a 61% equity interest.

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Straight line rents	$ 80,710	$ 69,172
Common stock, par value per share (in usd per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	100,000,000	100,000,000
Common shares, shares issued (in shares)	65,568,145	65,404,592
Common shares, shares outstanding (in shares)	65,568,145	65,404,592

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Revenues [Abstract]
Rental income	$ 388,151	$ 219,874	$ 254,575
Expenses:
Real estate taxes	50,624	30,134	35,185
Other operating expenses	30,855	18,678	20,749
Depreciation and amortization	160,982	50,598	70,518
General and administrative	32,877	16,724	200
Acquisition and other transaction related costs	586	1,132	19,580
Loss on impairment of real estate	100,747	0	0
Total expenses	376,671	117,266	146,232
Interest and other income	2,663	0	113
Interest expense (including net amortization of debt issuance costs, premiums and discounts of $96,974, $2,022, and $2,481, respectively)	(280,051)	(35,625)	(51,619)
(Loss) gain on sale of real estate	(10)	12,054	23,996
Loss on equity securities	(5,758)	0	0
(Loss) gain on early extinguishment of debt	(22,198)	0	120
(Loss) income before income tax expense and equity in earnings of unconsolidated joint venture	(293,874)	79,037	80,953
Income tax expense	(45)	(273)	(277)
Equity in earnings of unconsolidated joint venture	7,078	40,918	529
Net (loss) income	(286,841)	119,682	81,205
Net loss attributable to noncontrolling interest	60,118	0	866
Net (loss) income attributable to common shareholders	(226,723)	119,682	82,071
Other comprehensive income:
Unrealized gain on derivatives	30,194	0	0
Less: unrealized gain on derivatives attributable to noncontrolling interest	(8,291)	0	0
Other comprehensive income attributable to common shareholders	21,903	0	0
Comprehensive (loss) income attributable to common shareholders	$ (204,820)	$ 119,682	$ 82,071
Weighted average common shares outstanding - basic (in shares)	65,248	65,169	65,104
Weighted average common shares outstanding - diluted (in shares)	65,248	65,211	65,114
Per common share data (basic and diluted):
Net (loss) income attributable to common shareholders, basic (in usd per share)	$ (3.47)	$ 1.83	$ 1.26
Net (loss) income attributable to common shareholders, diluted (in usd per share)	$ (3.47)	$ 1.83	$ 1.26

CONSOLIDATED STATEMENTS OF CO_2

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Statement [Abstract]
Amortization of debt issuance costs, premiums and discounts	$ 96,974	$ 2,022	$ 2,481

CONSOLIDATED STATEMENTS OF SHAR

CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY - USD ($) $ in Thousands	Total	Total Equity Attributable to Common Shareholders	Common shares	Additional Paid In Capital	Cumulative Net Income	Cumulative Other Comprehensive Income	Cumulative Common Distributions	Total Equity Attributable to Noncontrolling nterest
Beginning balance (in shares) at Dec. 31, 2019			65,180,628
Beginning balance at Dec. 31, 2019	$ 995,690	$ 995,690	$ 652	$ 999,302	$ 142,155	$ 0	$ (146,419)	$ 0
Increase (Decrease) in Stockholders' Equity
Net income (loss)	81,205	82,071			82,071			(866)
Share grants (in shares)			139,100
Share grants	2,336	2,336	$ 1	2,335
Share repurchases (in shares)			(18,060)
Share repurchases	(382)	(382)		(382)
Share forfeitures (in shares)			(580)
Share forfeitures	(3)	(3)		(3)
Distributions to common shareholders	(86,089)	(86,089)					(86,089)
Contributions from noncontrolling interest	107,942	9,567		9,567				98,375
Distributions to noncontrolling interest	(5,479)							(5,479)
Sale of interest in joint venture	(92,030)							(92,030)
Ending balance (in shares) at Dec. 31, 2020			65,301,088
Ending balance at Dec. 31, 2020	1,003,190	1,003,190	$ 653	1,010,819	224,226	0	(232,508)	0
Increase (Decrease) in Stockholders' Equity
Net income (loss)	119,682	119,682			119,682			0
Share grants (in shares)			139,800
Share grants	2,332	2,332	$ 1	2,331
Share repurchases (in shares)			(35,596)
Share repurchases	(922)	(922)		(922)
Share forfeitures (in shares)			(700)
Share forfeitures	(4)	(4)		(4)
Distributions to common shareholders	(86,236)	(86,236)					(86,236)
Ending balance (in shares) at Dec. 31, 2021			65,404,592
Ending balance at Dec. 31, 2021	1,038,042	1,038,042	$ 654	1,012,224	343,908	0	(318,744)	0
Increase (Decrease) in Stockholders' Equity
Net income (loss)	(286,841)	(226,723)			(226,723)			(60,118)
Share grants (in shares)			197,800
Share grants	2,230	2,230	$ 2	2,228
Share repurchases (in shares)			(32,347)
Share repurchases	(242)	(242)		(242)
Share forfeitures (in shares)			(1,900)
Share forfeitures	(9)	(9)		(9)
Distributions to common shareholders	(44,477)	(44,477)					(44,477)
Contributions from noncontrolling interest	593,239							593,239
Distributions to noncontrolling interest	(1,365)							(1,365)
Net current period other comprehensive income	30,194	21,903				21,903		8,291
Ending balance (in shares) at Dec. 31, 2022			65,568,145
Ending balance at Dec. 31, 2022	$ 1,330,771	$ 790,724	$ 656	$ 1,014,201	$ 117,185	$ 21,903	$ (363,221)	$ 540,047

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:
Net (loss) income		$ (286,841)	$ 119,682	$ 81,205
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Depreciation		106,236	32,457	43,821
Loss on impairment of real estate		100,747	0	0
Net amortization of debt issuance costs, premiums and discounts		96,974	2,022	2,481
Amortization of acquired real estate leases and assumed real estate lease obligations		48,570	16,656	24,573
Amortization of deferred leasing costs		1,675	938	1,357
Loss on equity securities		5,758	0	0
Straight line rental income		(11,538)	(7,263)	(9,041)
Loss (gain) on early extinguishment of debt		22,198	0	(120)
Loss (gain) on sale of real estate		10	(12,054)	(23,996)
Other non-cash expenses		3,249	2,328	2,331
Distributions of earnings from unconsolidated joint venture		5,282	2,640	0
Equity in earnings of unconsolidated joint venture		(7,078)	(40,918)	(529)
Change in assets and liabilities:
Rents receivable		(19,596)	54	(2,907)
Deferred leasing costs		(9,599)	(4,694)	(2,443)
Due from related persons		0	2,665	(3,871)
Other assets		12,267	(3,434)	(1,068)
Accounts payable and other liabilities		3,034	2,525	2,613
Rents collected in advance		7,878	583	279
Security deposits		1,385	(3,443)	12
Due to related persons		2,640	(94)	(133)
Net cash provided by operating activities		83,251	110,650	114,564
CASH FLOWS FROM INVESTING ACTIVITIES:
Real estate acquisitions		(3,589,389)	(134,730)	(115,813)
Real estate improvements		(17,732)	(4,911)	(5,857)
Proceeds from sale of marketable securities		140,792	0	0
Distributions in excess of earnings from unconsolidated joint venture		20,460	0	0
Proceeds from sale of properties to joint venture, net		0	160,506	0
Proceeds from sale of real estate		0	1,206	10,578
Proceeds from sale of joint venture		0	804	106,283
Distributions in excess of earnings from Affiliates Insurance Company		0	0	287
Net cash (used in) provided by investing activities		(3,445,869)	22,875	(4,522)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from issuance of mortgage notes payable		3,335,000	0	0
Repayment of mortgage notes payable		(18,070)	0	(48,750)
Proceeds from secured bridge loan facility		1,385,158	0	0
Repayment of secured bridge loan facility		(1,385,158)	0	0
Borrowings under revolving credit facility		3,000	301,000	234,000
Repayments of revolving credit facility		(185,000)	(340,000)	(323,000)
Payment of debt issuance costs		(211,996)	(804)	0
Proceeds from sale of interest rate cap		7,740	0	0
Distributions to common shareholders		(44,477)	(86,236)	(86,089)
Proceeds from noncontrolling interest, net		589,411	0	107,942
Repurchase of common shares		(242)	(922)	(382)
Distributions to noncontrolling interest		(1,365)	0	(5,479)
Net cash provided by (used in) financing activities		3,474,001	(126,962)	(121,758)
Increase (decrease) in cash, cash equivalents and restricted cash		111,383	6,563	(11,716)
Cash, cash equivalents and restricted cash at beginning of period		29,397	22,834	34,550
Cash, cash equivalents and restricted cash at end of period		140,780	29,397	22,834
SUPPLEMENTAL DISCLOSURES:
Interest paid		178,842	33,278	50,433
Income taxes paid		228	485	209
Interest capitalized		180	0	0
NON-CASH INVESTING ACTIVITIES:
Real estate, net		0	0	(631,879)
Mortgage notes, net		0	0	403,160
Real estate acquired by assumption of mortgage notes payable		323,432	0	0
Real estate improvements accrued not paid		2,507	705	629
NON-CASH FINANCING ACTIVITIES:
Assumption of mortgage notes payable		(323,432)	0	0
SUPPLEMENTAL DISCLOSURE OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH:
Cash and cash equivalents		48,261	29,397	22,834
Restricted cash	[1]	92,519	0	0
Total cash, cash equivalents and restricted cash shown in the statements of cash flows		$ 140,780	$ 29,397	$ 22,834
[1]Restricted cash consists of amounts escrowed for capital expenditures at certain of our mortgaged properties and cash held for the operations of our consolidated joint venture in which we own a 61% equity interest.

CONSOLIDATED STATEMENTS OF CA_2

CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical)	Dec. 31, 2022	Feb. 25, 2022
Mountain Industrial REIT LLC | Consolidated Entity, Excluding Consolidated VIE
Ownership interest	61%	61%

Organization

Organization	12 Months Ended
	Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization	Organization Industrial Logistics Properties Trust, or, collectively with its consolidated subsidiaries, we, us or our, is a real estate investment trust, or REIT, organized under Maryland law on September 15, 2017. As of December 31, 2022, our portfolio was comprised of 413 consolidated properties containing approximately 59,983,000 rentable square feet, including 226 buildings, leasable land parcels and easements containing approximately 16,729,000 rentable square feet (all square footage amounts included within this Annual Report on Form 10-K are unaudited) that were primarily industrial lands located on the island of Oahu, Hawaii, or our Hawaii Properties and 187 properties containing approximately 43,254,000 rentable square feet of industrial properties located in 38 other states, or our Mainland Properties, which included 94 properties owned by a consolidated joint venture in which we own a 61% equity interest. As of December 31, 2022, we also owned a 22% equity interest in an unconsolidated joint venture that owns 18 properties located in 12 states in the mainland United States containing approximately 11,726,000 rentable square feet.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Basis of Presentation. These consolidated financial statements include the accounts of us and our subsidiaries. All intercompany transactions and balances with or among our consolidated subsidiaries have been eliminated. On February 25, 2022, we acquired Monmouth Real Estate Investment Corporation, or MNR, pursuant to the merger of MNR with and into one of our wholly owned subsidiaries, or the Merger, as further described below. In connection with the Merger, we entered into a new joint venture arrangement for 95 of the acquired MNR properties, including two then committed, but not yet then completed, property acquisitions, located in the mainland United States, in which we retained a 61% equity interest. Real Estate Properties. We record properties at cost. Our real estate investments in lands are not depreciated. We calculate depreciation on other real estate investments on a straight line basis over estimated useful lives generally ranging from seven We amortize capitalized above market lease values (included in acquired real estate leases in our consolidated balance sheets) and below market lease values (presented as assumed real estate lease obligations in our consolidated balance sheets) as a reduction or increase, respectively, to rental income over the terms of the associated leases. Such amortization resulted in increases in rental income of $4,544, $781 and $791 during the years ended December 31, 2022, 2021 and 2020, respectively. We amortize the value of acquired in place leases (included in acquired real estate leases in our consolidated balance sheets), exclusive of the value of above market and below market acquired in place leases, or lease origination value, over the terms of the associated leases. Such amortization, which is included in depreciation and amortization expense, totaled $53,113, $17,437 and $25,364 during the years ended December 31, 2022, 2021 and 2020, respectively. If a lease is terminated prior to its stated expiration, we write off the unamortized amounts relating to that lease. As of December 31, 2022 and 2021, our acquired real estate leases and assumed real estate lease obligations were as follows: December 31, 2022 2021 Acquired real estate leases: Capitalized above market lease values $ 31,313 $ 20,725 Less: accumulated amortization (15,598) (13,225) Capitalized above market lease values, net 15,715 7,500 Lease origination value 384,496 122,945 Less: accumulated amortization (102,766) (67,004) Lease origination value, net 281,730 55,941 Acquired real estate leases, net $ 297,445 $ 63,441 Assumed real estate lease obligations: Capitalized below market lease values $ 42,600 $ 33,674 Less: accumulated amortization (20,077) (21,239) Assumed real estate lease obligations, net $ 22,523 $ 12,435 As of December 31, 2022, the weighted average amortization periods for capitalized above market lease values, lease origination value and capitalized below market lease values were 9.4 years, 7.8 years, and 7.2 years, respectively. Future amortization of net intangible acquired real estate lease assets and liabilities to be recognized over the current terms of the associated leases as of December 31, 2022 are estimated to be $52,698 in 2023, $43,248 in 2024, $34,950 in 2025, $28,506 in 2026, $25,962 in 2027 and $89,558 thereafter. We recognize impairment losses on real estate investments when indicators of impairment are present and the estimated undiscounted cash flow from our real estate investments is less than the carrying amount of such real estate investments. Impairment indicators may include declining tenant occupancy, lack of progress releasing vacant space, tenant bankruptcies, low long term prospects for improvement in property performance, weak or declining tenant profitability, cash flow or liquidity, our decision to dispose of an asset before the end of its estimated useful life and legislative, market or industry changes that could permanently reduce the value of a property. We review our properties for impairment quarterly, or whenever events or changes in circumstances indicate that carrying amounts may not be recoverable. If indicators of impairment are present, we evaluate the carrying value of the related property by comparing it to the expected future undiscounted cash flows expected to be generated from that property. The future net undiscounted cash flows are subjective and are based in part on assumptions regarding hold periods, market rents and terminal capitalization rates. If the sum of these expected future undiscounted cash flows is less than the carrying value, we reduce the net carrying value of the property to its estimated fair value. The determination of undiscounted cash flow includes consideration of many factors including income to be earned from the investment, holding costs (exclusive of interest), estimated selling prices, and prevailing economic and market conditions. Certain of our industrial lands in Hawaii may require environmental remediation, especially if the use of those lands is changed; however, we do not have any present plans to change the use of those lands or to undertake this environmental cleanup. As of both December 31, 2022 and 2021, accrued environmental remediation costs of $6,940 were included in accounts payable and other liabilities in our consolidated balance sheets. These accrued environmental remediation costs relate to maintenance of our properties for current uses, and, because of the indeterminable timing of the remediation, these amounts have not been discounted to present value. In general, we do not have any insurance designated to limit any losses that we may incur as a result of known or unknown environmental conditions which are not caused by an insured event, such as, for example, fire or flood, although some of our tenants may maintain such insurance that may benefit us. Although we do not believe that there are environmental conditions at any of our properties that will have a material adverse effect on us, we cannot be sure that such conditions are not present at our properties or that costs we incur to remediate contamination will not have a material adverse effect on our business or financial condition. Charges for environmental remediation costs, if any, are included in other operating expenses in our consolidated statements of comprehensive income (loss). Capitalization Policy. Costs directly related to the development of properties are capitalized. We capitalize development costs, including interest, real estate taxes, insurance, and other project costs, incurred during the period of development. Determinations of when a development project commences and capitalization begins, and when a development project is substantially complete and held available for occupancy and capitalization must cease, involve judgments. We begin the capitalization of costs during the pre-construction period, which we consider to begin when activities that are necessary to the development of the property commence. We consider a development project as substantially completed and held available for occupancy upon the completion of tenant improvements, but no later than one year from cessation of major construction activity. Cash and Cash Equivalents. We consider highly liquid investments with original maturities of three months or less at the date of purchase to be cash equivalents. Restricted Cash. Restricted cash consists of amounts escrowed for future capital expenditures as required by certain of our mortgaged properties and cash held for the operations of our consolidated joint venture in which we own a 61% equity interest. Deferred Leasing Costs. Deferred leasing costs include capitalized brokerage costs and inducements associated with our entering leases. We amortize deferred leasing costs, which are included in depreciation and amortization expense, and inducements, which are included as a reduction to rental income, each on a straight line basis over the terms of the respective leases. Legal costs associated with the execution of our leases are expensed as incurred and included in general and administrative expenses in our consolidated statements of comprehensive income (loss). Deferred leasing costs totaled $22,371 and $12,918 at December 31, 2022 and 2021, respectively, and accumulated amortization of deferred leasing costs totaled $4,366 and $4,035 at December 31, 2022 and 2021, respectively. Future amortization of deferred leasing costs to be recognized during the current terms of our existing leases as of December 31, 2022, are estimated to be $2,199 in 2023, $2,156 in 2024, 1,926 in 2025, $1,786 in 2026, $1,723 in 2027 and $8,215 thereafter. Deferred leasing costs are included in other assets, net in our consolidated balance sheets. Debt Issuance Costs. Debt issuance costs include capitalized issuance costs related to borrowings, which are amortized to interest expense over the terms of the respective loans. As of December 31, 2021, we had debt issuance costs for our revolving credit facility, which we repaid and terminated in February 2022, totaling $6,711 and accumulated amortization of debt issuance costs of $5,907. Debt issuance costs for our revolving credit facility were included in other assets, net in our consolidated balance sheets. Debt issuance costs, net of accumulated amortization, for our mortgage notes payable are presented as a direct deduction from the associated debt liability in our consolidated balance sheets. As of December 31, 2022 and 2021, we had debt issuance costs, net of accumulated amortization, of $45,862 and $3,876, respectively, for certain of our mortgage notes payable. Future amortization of debt issuance costs to be recognized with respect to our mortgage notes payable as of December 31, 2022 are estimated to be $27,233 in 2023, $12,245 in 2024, $1,122 in 2025, $1,122 in 2026, $1,122 in 2027 and $3,019 thereafter. Derivative Instruments and Hedging Activities. We account for our derivative instruments at fair value. Accounting for changes in the fair value of a derivative instrument depends on the intended use of the derivative instrument and the designation of the derivative instrument. The change in fair value of the effective portion of the derivative instrument that is not designated as a hedge or that does not meet the hedge accounting criteria is recorded as a gain or loss to operations. Partially Owned Entities. We consolidate entities in which we have a controlling financial interest. In determining whether we have a controlling financial interest in a partially owned entity and the requirement to consolidate the accounts of that entity, we consider (i) whether the entity is a variable interest entity, or VIE, in which we are the primary beneficiary or (ii) whether the entity is a voting interest entity in which we have a majority of the voting interests of the entity. We are deemed to be the primary beneficiary of a VIE when we have (i) the power to direct the activities of the VIE that most significantly impact the VIE’s economic performance and (ii) the obligation to absorb losses or receive benefits that could potentially be significant to the VIE. We generally do not control a partially owned entity if the approval of all of the partners/members is contractually required with respect to decisions that most significantly impact the performance of the partially owned entity. This includes decisions regarding operating/capital budgets, and the placement of new or additional financing secured by the assets of the venture, among others. We account for investments under the equity method when the requirements for consolidation are not met, and we have significant influence over the operations of the investee. Equity Method Investments. We own a 22% equity interest in an unconsolidated joint venture which owns 18 properties. The properties owned by the unconsolidated joint venture are encumbered by an aggr egate $503,980 o f mo rtgage debts. We do not control the activities that are most significant to this joint venture and, as a result, we account for our investment in this joint venture under the equity method of accounting under the fair value option. See Notes 3, 5, 6, 9, 10 and 11 for more information regarding our joint ventures. Revenue Recognition. We are a lessor of industrial and logistics properties. Our leases provide our tenants with the contractual right to use and economically benefit from all the physical space specified in their respective leases; therefore, we have determined to evaluate our leases as lease arrangements. Our leases provide for base rent payments and may also include variable payments. Rental income from operating leases, including any payments derived by index or market based indices, is recognized on a straight line basis over the lease term when we have determined that the collectability of substantially all the lease payments is probable. Some of our leases have options to extend or terminate the lease exercisable at the option of our tenants, which are considered when determining the lease term. Certain of our leases contain non-lease components, such as property level operating expenses and capital expenditures reimbursed by our tenants as well as other required lease payments. We have determined that all our leases qualify for the practical expedient to not separate the lease and non-lease components because (i) the lease components are operating leases and (ii) the timing and pattern of recognition of the non-lease components are the same as those of the lease components. We apply ASC 842, Leases , to the combined component. Income derived by our leases is recorded in rental income in our consolidated statements of comprehensive income (loss). Certain tenants are obligated to pay directly their obligations under their leases for insurance, real estate taxes and certain other expenses. These obligations, which have been assumed by the tenants under the terms of their respective leases, are not reflected in our consolidated financial statements. To the extent any tenant responsible for any such obligations under the applicable lease defaults on such lease or if it is deemed probable that the tenant will fail to pay for such obligations, we would record a liability for such obligations. Income Taxes. We have elected to be taxed as a REIT under the United States Internal Revenue Code of 1986, as amended, and, accordingly, we generally are not, and will not be, subject to federal income taxes provided we distribute our taxable income and meet certain organization and operating requirements to qualify for taxation as a REIT. We are, however, subject to certain state and local taxes. Use of Estimates. Preparation of these financial statements in conformity with U.S. generally accepted accounting principles, or GAAP, requires us to make estimates and assumptions that may affect the amounts reported in these consolidated financial statements and related notes. Right of Use Asset and Lease Liability. In connection with our acquisition of MNR, we assumed the lease for MNR’s former corporate headquarters, which expires on December 31, 2029, or the MNR lease, and three of the properties we acquired as part of the MNR acquisition were subject to ground leases under which we are the lessee. For leases under which we are the lessee, we are required to record a right of use asset and lease liability for all leases with a term greater than 12 months. As of December 31, 2022, the values of the right of use asset and related liability representing our future obligations under the lease arrangements under which we are the lessee were $5,084 and $5,149, respectively. The right of use asset and related lease liability are included in other assets other liabilities Generally, payments of ground lease obligations are made by our tenants. However, if a tenant does not perform obligations under a ground lease or does not renew any ground lease, we may have to perform obligations under, or renew, the ground lease in order to protect our investment in the affected property. Cumulative Other Comprehensive Income (Loss). Cumulative other comprehensive income (loss) represents our share of the cumulative comprehensive income and losses of our equity method investees. Net Income (Loss) Per Common Share. We calculate basic earnings per common share by dividing net income (loss) by the weighted average number of common shares outstanding during the period. We calculate diluted net income (loss) per share using the more dilutive of the two class method or the treasury stock method. Unvested share awards and other potentially dilutive common shares and the related impact on earnings are considered when calculating diluted earnings per share. Noncontrolling Interests. Noncontrolling interests represent the share of our consolidated joint venture owned by a third party. We recognize the noncontrolling holder’s share of the estimated fair value of the net assets at the date of formation or acquisition. Noncontrolling interests are subsequently adjusted for the noncontrolling holder’s share of additional contributions, distributions and their share of the net earnings or losses of our consolidated joint venture. We allocate net income (loss) to noncontrolling interests based on ownership interest during the period. The net income (loss) that is not attributable to us is reflected in the line item net loss attributable to noncontrolling interest. We do not recognize a gain or loss on transactions with the consolidated entity in which we do not own 100% of the equity and recognize the difference between the carrying amount of the noncontrolling interest and the consideration paid or received as additional paid-in-capital. Segment Reporting. We operate in one business segment: ownership and leasing of properties that include industrial and logistics buildings and leased industrial lands.

Real Estate Investments

Real Estate Investments	12 Months Ended
	Dec. 31, 2022
Real Estate [Abstract]
Real Estate Investments	Real Estate Investments As of December 31, 2022, our portfolio was comprised of 413 consolidated properties containing approximately 59,983,000 rentable square feet, including our Hawaii Properties and our Mainland Properties, which included 94 properties owned by a consolidated joint venture in which we own a 61% equity interest. As of December 31, 2022, we also owned a 22% equity interest in an unconsolidated joint venture which owns 18 properties located in 12 states in the mainland United States totaling approximately 11,726,000 rentable square feet that were 100% leased. We incurred capital expenditures at certain of our properties of $30,331 and $10,211 during the years ended December 31, 2022 and 2021, respectively. During the year ended December 31, 2022, we committed $20,334 for expenditures related to tenant improvements and leasing costs for leases executed during the period for approximately 7,580,000 square feet. Committed, but unspent tenant related obligations based on existing leases as of December 31, 2022, were $25,547, of which $9,706 is expected to be spent during the next 12 months. 2022 Acquisitions: On February 25, 2022, we completed the acquisition of MNR pursuant to the Agreement and Plan of Merger, dated as of November 5, 2021 and as amended on February 7, 2022, or the Merger Agreement, by and among us, Maple Delaware Merger Sub LLC, a Delaware limited liability company and our wholly owned subsidiary, or Merger Sub, and MNR. At the effective time on February 25, 2022, or the Effective Time, MNR merged with and into Merger Sub, with Merger Sub continuing as the surviving entity, and the separate existence of MNR ceased. MNR’s portfolio included 124 Class A, single tenant, net leased, e-commerce focused industrial properties containing approximately 25,745,000 rentable square feet and two then committed, but not yet then completed, property acquisitions. The aggregate value of the consideration paid in the Merger was $3,739,048, including the assumption of $323,432 aggregate principal amount of former MNR mortgage debt, the repayment of $885,269 of MNR debt and the payment of certain transaction fees and expenses, net of MNR’s cash on hand, and excluding two then pending property acquisitions for an aggregate purchase price of $78,843, excluding acquisition related costs. Pursuant to the terms set forth in the Merger Agreement, at the Effective Time, each share of common stock, par value $0.01 per share, of MNR that was issued and outstanding immediately prior to the Effective Time was automatically converted into the right to receive $21.00 per share in cash, or the Common Stock Consideration, and each share of 6.125% Series C Cumulative Redeemable Preferred Stock, par value $0.01 per share, of MNR, that was issued and outstanding immediately prior to the Effective Time was automatically converted into the right to receive an amount in cash equal to $25.00 plus accumulated and unpaid dividends. At the Effective Time, each MNR stock option and restricted stock award outstanding immediately prior to the Effective Time, whether vested or unvested, became fully vested and converted into the right to receive, in the case of stock options, the difference between the Common Stock Consideration and the exercise price and, in the case of restricted stock awards, the Common Stock Consideration. Any out-of-money stock options were canceled for no consideration. Immediately following the closing of the Merger, we entered into a joint venture arrangement with an institutional investor for 95 MNR properties in 27 states, including two then committed, but not yet then completed, property acquisitions. The investor acquired a 39% equity interest in the joint venture from us for $589,411, as of the completion of this transaction, and we retained the remaining 61% equity interest in the joint venture. In connection with the transaction, the joint venture assumed $323,432 aggregate principal amount of former MNR mortgage debt secured by 11 properties and entered into a $1,400,000 interest only floating rate CMBS loan secured by 82 properties, or the Floating Rate Loan. The Floating Rate Loan matures in March 2024, subject to three one year extension options, and requires that interest be paid at an annual rate based on the secured overnight financing rate, or SOFR, plus a premium of 2.77%. See Notes 5, 6, 10 and 11 for more information regarding this joint venture and related loans. In connection with the closing of the Merger, we entered into a $1,385,158 interest only bridge loan facility secured by 109 of our properties, or the Bridge Loan. We also entered into a $700,000 interest only fixed rate CMBS loan secured by 17 of our properties, or the Fixed Rate Loan. The Bridge Loan was scheduled to mature in February 2023 and required that interest be paid at an annual rate of SOFR plus a weighted average premium of 2.92%. We repaid the Bridge Loan in full on September 22, 2022. The Fixed Rate Loan matures in March 2032 and requires that interest be paid at a weighted average annual interest rate of 4.42%. The Floating Rate Loan, the Bridge Loan and the Fixed Rate Loan are collectively referred to as the Loans. See Note 5 for more information regarding the Loans. We used the proceeds from our sale of the equity interest in our joint venture in which we retained a 61% equity interest to partially fund our acquisition of MNR. We funded our equity interest in that joint venture and the balance of the acquisition of MNR with proceeds from the Bridge Loan and the Fixed Rate Loan. In connection with the Merger and the Loans, we repaid the outstanding principal balance under our $750,000 unsecured revolving credit facility and then terminated the agreement governing the facility, which was scheduled to expire in June 2022, in accordance with its terms and without penalty. We accounted for the Merger as an acquisition of assets. The following table summarizes the purchase price allocation for the Merger: Land $ 430,818 Buildings 3,035,309 Acquired real estate leases (1) 294,576 Cash 8,814 Other assets, net 14,194 Securities available for sale (2) 146,550 Total assets 3,930,261 Mortgage notes payable, at fair value (323,432) Accounts payable and other liabilities (25,327) Assumed real estate lease obligations (17,829) Equity attributable to noncontrolling interest on the joint venture (3,827) Net assets acquired 3,559,846 Assumed working capital (144,230) Assumed mortgage notes payable, principal 323,432 Purchase price $ 3,739,048 (1) As of the date of acquisition, the weighted average amortization periods for the above market lease values, lease origination value and capitalized below market lease values were 11.1 years, 8.5 years and 7.8 years, respectively. (2) As part of the Merger, we acquired a portfolio of marketable securities and classified them as available for sale. During the year ended December 31, 2022, we sold all of these securities with a cost of $146,550 for net proceeds of $140,792, resulting in a $5,758 realized loss on sale of equity securities for the year ended December 31, 2022. In July 2022, our consolidated joint venture acquired a property located in Augusta, Georgia containing 226,000 rentable square feet for a purchase price of approximately $38,053, including acquisition related costs of $53. This property is 100% leased to a single tenant with a remaining lease term of approximately 14.9 years at the time of acquisition. We allocated the purchase price for this acquisition based on the estimated fair value of the acquired assets as follows: Purchase Buildings and Acquired Real Estate Price Land Improvements Leases $ 38,053 $ 3,818 $ 30,780 $ 3,455 This property was one of two committed MNR property acquisitions at the time of the Merger and was acquired directly by our consolidated joint venture. In September 2022, our consolidated joint venture terminated the agreement for the other committed MNR property acquisition. 2021 Acquisitions: During the year ended December 31, 2021, we acquired four industrial properties and one parcel of developable land containing 1,644,508 rentable square feet for an aggregate purchase price of $134,730, including acquisition related costs of $1,030. These acquisitions were accounted for as acquisitions of assets. We allocated the purchase prices for these acquisitions based on the estimated fair value of the acquired assets and assumed liabilities as follows: Number Rentable Buildings Acquired Acquired of Square Purchase and Real Estate Real Estate Date Market Area Properties Feet Price Land Improvements Leases Lease Obligations May 2021 Dallas, TX 1 — $ 2,319 $ 2,319 $ — $ — $ — June 2021 Columbus, OH 1 357,504 31,762 1,491 27,407 2,864 — August 2021 Memphis, TN 3 1,287,004 100,649 5,922 87,600 7,192 (65) 5 1,644,508 $ 134,730 $ 9,732 $ 115,007 $ 10,056 $ (65) 2020 Acquisitions: During the year ended December 31, 2020, we acquired two industrial properties containing a combined 1,465,846 rentable square feet for an aggregate purchase price of $115,813, including acquisition related costs of $332. These acquisitions were accounted for as acquisitions of assets. We allocated the purchase prices for these acquisitions based on the estimated fair value of the acquired assets and assumed liabilities as follows: Number Rentable Buildings Acquired of Square Purchase and Real Estate Date Market Area Properties Feet Price Land Improvements Leases February 2020 Phoenix, AZ 1 820,384 $ 71,628 $ 11,214 $ 54,676 $ 5,738 December 2020 Kansas City, KS 1 645,462 44,185 5,740 32,701 5,744 2 1,465,846 $ 115,813 $ 16,954 $ 87,377 $ 11,482 2021 Disposition: As a result of an eminent domain taking in September 2021, we sold a portion of a land parcel located in Rock Hill, South Carolina for $1,400, excluding closing costs, resulting in a net gain on sale of real estate of $940. 2020 Disposition: During the year ended December 31, 2020, we sold one property located in Virginia containing approximately 308,000 rentable square feet for a sales price of $10,775, excluding closing costs. The sale of this property, as presented in the table below, did not represent a significant disposition or a strategic shift. As a result, the results of operations of this property was included in continuing operations through the date of sale in our consolidated statements of comprehensive income (loss). Number of Square Gross Gain on Sale of Date of Sale Properties Location Feet Sale Price (1) Real Estate December 2020 1 Winchester, VA 308,217 $ 10,775 $ 581 (1) Gross sale price is the gross contract price, adjusted for purchase price adjustments, if any, and excluding closing costs. Joint Venture Activities: As of December 31, 2022, we had equity investments in our joint ventures that consist of the following: ILPT Carrying Value ILPT of Investment Number of Square Joint Venture Presentation Ownership at December 31, 2022 Properties Location Feet Mountain Industrial REIT LLC Consolidated 61% N/A 94 Various 20,980,664 The Industrial Fund REIT LLC Unconsolidated 22% $ 124,358 18 Various 11,726,137 Consolidated Joint Venture - Mountain Industrial REIT LLC: As noted above, we entered into a joint venture arrangement immediately following the closing of the Merger and we control this joint venture and therefore account for the properties owned by this joint venture on a consolidated basis in our consolidated financial statements. We recognized a 39% noncontrolling interest in our consolidated financial statements for the year ended December 31, 2022. The portion of this joint venture's net loss not attributable to us, or $60,067, for the year ended December 31, 2022, is reported as noncontrolling interest in our consolidated statements of comprehensive income (loss). During the year ended December 31, 2022, this joint venture made aggregate cash distributions of $1,365 to the other joint venture investor, which is reflected as a decrease in total equity attributable to noncontrolling interest in our consolidated balance sheets. As of December 31, 2022, this joint venture had total assets of $3,100,448 and total liabilities of $1,725,397. Consolidated Tenancy in Common: An unrelated third party owns an approximate 33% tenancy in common interest in one of the properties we acquired as part of the MNR acquisition located in Somerset, New Jersey, and we own the remaining 67% tenancy in common interest in this property. The portion of this property’s net loss not attributable to us, or $51, for the year ended December 31, 2022, is reported as noncontrolling interest in our consolidated statements of comprehensive income (loss). Unconsolidated Joint Venture - The Industrial Fund REIT LLC: As of December 31, 2022 and 2021, we also owned a 22% equity interest in an unconsolidated joint venture with 18 properties in 12 states. We account for the unconsolidated joint venture under the equity method of accounting under the fair value option. We recorded a change in the fair value of our investment in the unconsolidated joint venture of $7,078 and $40,918 for the years ended December 31, 2022 and 2021, respectively, as equity in earnings of unconsolidated joint venture in our consolidated statements of comprehensive income (loss). In addition, the unconsolidated joint venture made aggregate cash distributions to us of $25,742 and $2,640 during the year ended December 31, 2022 and 2021, respectively. Until November 2020, we owned a majority equity interest in our current unconsolidated joint venture and we consolidated that joint venture until November 2020, when we sold an additional 39% equity interest in that joint venture and reduced our equity interest to 22%. The portion of that joint venture's net loss not attributable to us, or $866 for the year ended December 31, 2020, is reported as noncontrolling interest in our consolidated statements of comprehensive income (loss). During the year ended December 31, 2020, the joint venture made aggregate cash distributions of $14,049, including $5,479 to the other joint venture investor, which was reflected as a decrease in total equity attributable to noncontrolling interest and $8,570 to us. We determined that, while we owned a 61% equity interest in this joint venture, this joint venture was a VIE as defined under the Consolidation Topic of the FASB ASC. We concluded that we must consolidate this VIE, and we did so, until we sold an additional 39% equity interest in the joint venture in November 2020. We reached this determination because we were the entity with the power to direct the activities that most significantly impacted the VIE's economic performance and we had the obligation to absorb losses of, and the right to receive benefits from, the VIE that could be significant to the VIE, and therefore were the primary beneficiary of the VIE. The joint venture investor's interest in this consolidated entity was reflected as noncontrolling interest in our consolidated financial statements.

Leases

Leases	12 Months Ended
	Dec. 31, 2022
Leases [Abstract]
Leases	Leases Rental income from operating leases, including payments derived by index or market-based indices, is recognized on a straight line basis over the lease term when we have determined that the collectability of substantially all of the lease payments is probable. We increased rental income by $11,538, $7,263 and $9,041 to record revenue on a straight line basis during the years ended December 31, 2022, 2021 and 2020, respectively. We do not include in our measurement of our lease receivables certain variable payments, including payments determined by changes in the index or market-based indices after the inception of the lease, certain tenant reimbursements and other income until the specific events that trigger the variable payments have occurred. Such payments totaled $63,168, $38,732 and $45,858 for the years ended December 31, 2022, 2021 and 2020, respectively. The following operating lease maturity analysis presents the future contractual lease payments to be received by us through 2064 as of December 31, 2022: Year Amount 2023 $ 342,082 2024 329,996 2025 307,225 2026 287,847 2027 266,822 Thereafter 1,833,081 $ 3,367,053 Tenant Concentration Subsidiaries of FedEx Corporation, or FedEx, accounted for 28.0% of our rental income as of December 31, 2022. FedEx accounted for $108,704, $10,894 and $10,752 of our rental income for the years ended December 31, 2022, 2021 and 2020, respectively. In addition, subsidiaries of Amazon.com, Inc. accounted for 7.1% of our rental income as of December 31, 2022. Amazon.com, Inc. accounted for $27,382, $21,440 and $38,241 of our rental income for the years ended December 31, 2022, 2021 and 2020, respectively. Geographic Concentration

Indebtedness

Indebtedness	12 Months Ended
	Dec. 31, 2022
Debt Disclosure [Abstract]
Indebtedness	Indebtedness As of December 31, 2022 and 2021, our outstanding indebtedness consisted of the following: Net Book Value Principal Balance as of of Collateral December 31, December 31, Interest At December 31, Entity Type Secured By: 2022 (1) 2021 (1) Rate Maturity 2022 ILPT Revolving credit facility (2) Unsecured $ — $ 182,000 N/A N/A $ — ILPT Floating Rate - Interest only (3) 104 Properties 1,235,000 — 6.18% 10/09/24 1,071,815 ILPT Fixed Rate - Interest only 186 Properties 650,000 650,000 4.31% 02/07/29 490,416 ILPT Fixed Rate - Interest only 17 Properties 700,000 — 4.42% 03/09/32 518,806 Mountain JV (4) Floating Rate - Interest only (5) 82 Properties 1,400,000 — 6.17% 03/09/24 1,909,185 Mountain JV (4) Fixed Rate - Amortizing One Property 13,556 — 3.76% 10/01/28 63,314 Mountain JV (4) Fixed Rate - Amortizing One Property 4,865 — 3.77% 04/01/30 39,724 Mountain JV (4) Fixed Rate - Amortizing One Property 5,145 — 3.85% 04/01/30 39,724 Mountain JV (4) Fixed Rate - Amortizing One Property 14,392 — 3.56% 09/01/30 50,825 Mountain JV (4) Fixed Rate - Amortizing One Property 12,691 — 3.67% 05/01/31 30,800 Mountain JV (4) Fixed Rate - Amortizing One Property 14,144 — 4.14% 07/01/32 44,777 Mountain JV (4) Fixed Rate - Amortizing One Property 30,949 — 4.02% 10/01/33 87,143 Mountain JV (4) Fixed Rate - Amortizing One Property 43,219 — 4.13% 11/01/33 131,539 Mountain JV (4) Fixed Rate - Amortizing One Property 26,175 — 3.10% 06/01/35 47,718 Mountain JV (4) Fixed Rate - Amortizing One Property 42,087 — 2.95% 01/01/36 101,896 Mountain JV (4) Fixed Rate - Amortizing One Property 46,109 — 4.27% 11/01/37 113,063 Mountain JV (4) Fixed Rate - Amortizing One Property 52,031 — 3.25% 01/01/38 116,607 Total indebtedness 4,290,363 832,000 $ 4,857,352 Unamortized debt issuance costs (45,862) (3,876) Total indebtedness, net $ 4,244,501 $ 828,124 (1) The principal balances are the amounts stated in contracts. In accordance with GAAP, our carrying values and recorded interest expense may be different because of market conditions at the time we assumed certain of these debts. (2) In February 2022, we repaid the outstanding principal balance under our $750,000 unsecured revolving credit facility and then terminated the agreement governing the facility in accordance with its terms and without penalty. (3) This loan matures in October 2024, subject to three, one year extension options, and requires that interest be paid at an annual rate of SOFR plus a weighted average premium of 3.93%. We also purchased an interest rate cap through October 2024 with a SOFR strike rate equal to 2.25%. (4) Mountain JV is Mountain Industrial REIT LLC, our consolidated joint venture, in which we own a 61% equity interest . For more information regarding this joint venture, see Notes 2, 3, 6, 9, 10 and 11. (5) This loan matures in March 2024, subject to three, one year extension options, and requires that interest be paid at an annual rate of SOFR plus a premium of 2.77%. We also purchased an interest rate cap through March 2024 with a SOFR strike rate equal to 3.40%. The following table provides a summary of the mortgage debts of the unconsolidated joint venture: Principal Balance Interest at December 31, Joint Venture (Unconsolidated) Rate Maturity Date 2022 (1) Mortgage notes payable (secured by one property in Florida) 3.60% (2) 10/1/2023 $ 56,980 Mortgage notes payable (secured by 11 other properties in eight states) 3.33% (2) 11/7/2029 350,000 Mortgage notes payable (secured by 5 properties in four states) 5.30% 10/1/2027 97,000 Weighted average/total 3.74% (2) $ 503,980 (1) Amounts are not adjusted for our minority interest; none of the debt is recourse to us. (2) Includes the effect of mark to market purchase accounting. As of December 31, 2021, we had a $750,000 unsecured revolving credit facility that was available for our general business purposes, including acquisitions. The maturity date of this revolving credit facility was June 29, 2022 and we had an option to extend the maturity date for one, six month period, subject to payment of extension fees and satisfaction of other conditions. As of December 31, 2021, the annual interest rate payable on borrowings under this revolving credit facility was 1.41%. The weighted average annual interest rate for borrowings under this revolving credit facility was 1.41%, for the period from January 1, 2022 to February 25, 2022, and 1.44% and 2.36% for the years ended December 31, 2021 and 2020, respectively. In connection with the closing of the Merger, we entered into the Loans, and repaid the outstanding principal balance under this revolving credit facility and then terminated the agreement governing the facility in accordance with its terms and without penalty. During the year ended December 31, 2022, we recorded a $828 loss on early extinguishment of debt to write off unamortized costs related to this facility. On February 25, 2022, subsidiaries of our consolidated joint venture entered into a loan agreement with a group of institutional lenders, or the Floating Rate Lenders, pursuant to which this joint venture obtained the Floating Rate Loan. Also on February 25, 2022, our consolidated joint venture entered into a guaranty in favor of the Floating Rate Lenders, pursuant to which this joint venture guaranteed certain limited recourse obligations of its subsidiaries with respect to the Floating Rate Loan. The Floating Rate Loan matures in March 2024, subject to three, one year extension options, and requires that interest be paid at an annual rate of SOFR plus a premium of 2.25%. Effective in March 2022, the Floating Rate Lenders exercised their option to increase the premium in connection with the securitization of the Floating Rate Loan, resulting in an increase of 51.5 basis points in the premium. We also purchased an interest rate cap through March 2024 with a SOFR strike rate equal to 3.40%. The weighted average annual interest rate payable under the Floating Rate Loan was 6.17% as of both December 31, 2022 and February 9, 2023, and was 6.10% for the period from February 25, 2022 to December 31, 2022. Also on February 25, 2022, certain of our subsidiaries entered into a loan agreement with a group of institutional lenders, or the Bridge Lenders, and a mezzanine loan agreement with an institutional lender, or the Bridge Mezz Lender, together pursuant to which we obtained the Bridge Loan. Also on February 25, 2022, we entered into a guaranty in favor of the Bridge Lenders and the Bridge Mezz Lender, pursuant to which we guaranteed certain limited recourse obligations of its subsidiaries with respect to the Bridge Loan. The Bridge Loan was scheduled to mature in February 2023 and required that interest only be paid at an annual rate of SOFR plus a premium of 1.75% under the loan agreement and a premium of 8.0% under the mezzanine loan agreement. We also purchased an interest rate cap with a SOFR strike rate equal to 2.70%. We repaid the Bridge Loan in full on September 22, 2022 with cash on hand and proceeds from our $1,235,000 floating rate loan, which is further described below. During the year ended December 31, 2022, we recorded a $21,370 loss on early extinguishment of debt to write off unamortized costs related to the Bridge Loan and related interest rate cap. The weighted average annual interest rate payable under the Bridge Loan was 4.24% for the period from February 25, 2022 to September 22, 2022. Also on February 25, 2022, certain of our subsidiaries entered into a loan agreement with a group of institutional lenders, or the Fixed Rate Lenders, and mezzanine loan agreements with a separate group of institutional lenders, or the Fixed Mezz Lenders, pursuant to which we obtained the Fixed Rate Loan. Also on February 25, 2022, we entered into a guaranty in favor of the Fixed Rate Lenders and the Fixed Mezz Lenders, pursuant to which we guaranteed certain limited recourse obligations of our subsidiaries with respect to the Fixed Rate Loan. The interest only Fixed Rate Loan matures in March 2032 and requires that interest be paid at a weighted average annual fixed rate of 4.42%. We used the aggregate net proceeds from the Loans to partially fund the acquisition of MNR. Principal payments on the Floating Rate Loan and Fixed Rate Loan are not required prior to the end of their respective initial terms, subject to certain conditions set forth in the applicable loan agreement. Subject to the satisfaction of certain conditions, we have the option under the applicable loan agreement: (1) to prepay up to $280,000 of the Floating Rate Loan after March 2023, at par with no premium, and to prepay the balance of the Floating Rate Loan at any time, subject to a premium; and (2) to prepay the Fixed Rate Loan in full or part at any time, subject to a premium, and beginning in September 2031, without a premium. On September 22, 2022, certain of our subsidiaries entered into a loan agreement with a group of institutional lenders, or the ILPT Floating Rate Lenders, and a mezzanine loan agreement with a separate group of institutional lenders, or the ILPT Floating Rate Mezz Lenders, pursuant to which we obtained the ILPT Floating Rate Loan, secured by 104 of our properties. The ILPT Floating Rate Loan is comprised of a $1,100,000 mortgage loan and a $135,000 mezzanine loan. Also, on September 22, 2022, we entered into a guaranty in favor of the ILPT Floating Rate Lenders and the ILPT Floating Rate Mezz Lenders, pursuant to which we guaranteed certain limited recourse obligations of our subsidiaries with respect to the ILPT Floating Rate Loan. The interest only ILPT Floating Rate Loan matures on October 9, 2024, subject to three, one year extension options, and requires that interest be paid at an annual rate of SOFR, which is capped at an annual rate of 2.25% for the initial term of the ILPT Floating Rate Loan, plus a weighted average premium of 3.93%. Subject to the satisfaction of certain conditions, we have the option: (1) to prepay up to $247,000 of the ILPT Floating Rate Loan at par with no premium; and (2) to prepay the balance of the ILPT Floating Rate Loan in full or in part at any time, subject to a premium, and beginning in October 2023, without a premium. The weighted average interest rate payable under the ILPT Floating Rate Loan was 6.18% as of both December 31, 2022 and February 9, 2023 and for the period from September 22, 2022 to December 31, 2022. The agreements governing the Floating Rate Loan, Fixed Rate Loan and the ILPT Floating Rate Loan contain customary covenants and provide for acceleration of payment of all amounts due thereunder upon the occurrence and continuation of certain events of default. In May 2020, we prepaid, at par plus accrued interest, a mortgage note secured by one of our properties with an outstanding principal balance of approximately $48,750, an annual interest rate of 3.48% and a maturity date in November 2020. As a result of the prepayment of this mortgage note, we recorded a gain on early extinguishment of debt of $120 for the year ended December 31, 2020 to write off unamortized premiums. The required principal payments due during the next five years and thereafter under all our outstanding debt as of December 31, 2022 are as follows: Principal Year Payment 2023 $ 22,428 2024 2,658,268 2025 24,141 2026 25,047 2027 25,988 Thereafter 1,534,491 $ 4,290,363 (1) (1) Total debt outstanding as of December 31, 2022, including unamortized debt issuance costs of $45,862, was $4,244,501.

Fair Value of Assets and Liabil

Fair Value of Assets and Liabilities	12 Months Ended
	Dec. 31, 2022
Fair Value Disclosures [Abstract]
Fair Value of Assets and Liabilities	Fair Value of Assets and Liabilities Our financial instruments include cash and cash equivalents, restricted cash, rents receivable, the Floating Rate Loan, the ILPT Floating Rate Loan, the Fixed Rate Loan, mortgage notes payable, accounts payable, rents collected in advance, interest rate caps, security deposits and amounts due from or to related persons. At December 31, 2022 and 2021, the fair value of our financial instruments approximated their carrying values in our consolidated financial statements, due to their short term nature or floating interest rates, except as follows: At December 31, 2022 At December 31, 2021 Carrying Estimated Carrying Estimated Value (1) Fair Value Value (1) Fair Value Fixed rate loan, 3.76% interest rate, due in 2028 $ 13,556 $ 12,784 $ — $ — Fixed rate loan, 4.31% interest rate, due in 2029 646,669 592,295 646,124 709,198 Fixed rate loan, 3.77% interest rate, due in 2030 4,865 4,553 — — Fixed rate loan, 3.85% interest rate, due in 2030 5,145 4,829 — — Fixed rate loan, 3.56% interest rate, due in 2030 14,392 13,315 — — Fixed rate loan, 3.67% interest rate, due in 2031 12,691 11,713 — — Fixed rate loan, 4.42% interest rate, due in 2032 694,704 623,133 — — Fixed rate loan, 4.14% interest rate, due in 2032 14,144 13,182 — — Fixed rate loan, 4.02% interest rate, due in 2033 30,949 28,195 — — Fixed rate loan, 4.13% interest rate, due in 2033 43,219 39,573 — — Fixed rate loan, 3.10% interest rate, due in 2035 26,175 22,373 — — Fixed rate loan, 2.95% interest rate, due in 2036 42,087 35,444 — — Fixed rate loan, 4.27% interest rate, due in 2037 46,109 41,880 — — Fixed rate loan, 3.25% interest rate, due in 2038 52,031 43,878 — — $ 1,646,736 $ 1,487,147 $ 646,124 $ 709,198 (1) Includes unamortized debt issuance costs, premiums and discounts of $8,627 and $3,876 as of December 31, 2022 and 2021, respectively. We estimate the fair value of our mortgage notes payable using discounted cash flow analyses and current prevailing market rates as of the measurement date (Level 3 inputs). As Level 3 inputs are unobservable, our estimated fair value may differ materially from the actual fair value. The table below presents certain of our assets measured on a recurring and non-recurring basis at fair value at December 31, 2022 and 2021, categorized by the level of inputs as defined in the fair value hierarchy under GAAP, used in the valuation of each asset: Quoted Prices in Significant Other Significant Active Markets for Observable Unobservable Identical Assets Inputs Inputs Total (Level 1) (Level 2) (Level 3) At December 31, 2022 Recurring fair value measurements Investment in unconsolidated joint venture (1) $ 124,358 $ — $ — $ 124,358 Interest rate cap derivatives (2) $ 73,133 $ — $ 73,133 $ — Non-recurring fair value measurements Real estate properties (3) $ 555,123 $ — $ — $ 555,123 At December 31, 2021 Recurring fair value measurements Investment in unconsolidated joint venture (1) $ 143,021 $ — $ — $ 143,021 (1) We own a 22% equity interest in a joint venture that owns 18 properties and is included in investment in unconsolidated joint venture in our consolidated balance sheet, and is reported at fair value, which is based on significant unobservable inputs (Level 3 inputs). The significant unobservable inputs used in the fair value are discount rates of between 5.25% and 7.00%, exit capitalization rates of between 4.75% and 6.00%, direct capitalization rates of between 5.25% and 7.00%, holding periods of approximately 10 years and market rents. Our assumptions are based on the location, type and nature of each property, and current and anticipated market conditions, which are derived from appraisers, industry publications and our experience. See Notes 2, 3, 5, 9, 10 and 11 for more information regarding our joint ventures. (2) Our derivative assets are carried at fair value as required by GAAP. The estimated fair values of the derivative assets are based on current market prices in secondary markets for similar derivative contracts, (Level 2 inputs). See Notes 5 and 11 for more information regarding our derivatives and hedging activities. (3) We recorded a loss on impairment of real estate of $100,747 to reduce the carrying value of 25 properties in our consolidated balance sheet to their estimated fair value, based on third party offers (Level 3 inputs as defined in the fair value hierarchy under GAAP), due to a change in plans to sell and the reclassification of those properties from held for sale to held and used. See Notes 2 and 3 for more information regarding our investing and financing activities, including our acquisition of MNR.

Shareholders' Equity

Shareholders' Equity	12 Months Ended
	Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]
Shareholders' Equity	Shareholders’ Equity Common Share Awards: We have common shares available for issuance under the terms of our 2018 Equity Compensation Plan, or the 2018 Plan. During the years ended December 31, 2022, 2021 and 2020, we awarded to our officers and other employees of The RMR Group LLC, or RMR, annual share awards of 173,300, 118,800 and 108,600 of our common shares, respectively, valued at $1,184, $3,086 and $2,460, in aggregate, respectively. In accordance with our Trustee compensation arrangements, we awarded each of our then Trustees 3,500 of our common shares with an aggregate value of $369 ($53 per Trustee), 3,500 of our common shares with an aggregate value of $538 ($90 per Trustee) and 3,500 of our common shares with an aggregate value of $460 ($66 per Trustee) during the years ended December 31, 2022, 2021 and 2020, respectively, as part of their annual compensation. Also in 2020, in connection with the election of two of our then Trustees, we awarded 3,000 of our common shares to each such Trustee with an aggregate value of $141 ($71 per Trustee) as part of their annual compensation. The values of the share awards were based upon the closing price of our common shares trading on The Nasdaq Stock Market LLC, or Nasdaq, on the dates of awards. The common shares awarded to our Trustees vested immediately. The common shares awarded to our officers and certain other employees of RMR vest in five equal annual installments beginning on the date of award. We recognize share forfeitures as they occur. We include the value of awarded shares in general and administrative expenses ratably over the vesting period. A summary of shares awarded, vested and forfeited under the terms of the 2018 Plan for the years ended December 31, 2022, 2021 and 2020 is as follows: Year Ended December 31, 2022 December 31, 2021 December 31, 2020 Weighted Weighted Weighted Average Average Average Number Grant Date Number Grant Date Number Grant Date of Shares Fair Value of Shares Fair Value of Shares Fair Value Unvested at beginning of year 192,380 $ 24.15 162,200 $ 22.37 108,200 $ 22.08 Granted 197,800 7.85 139,800 25.93 139,100 22.01 Vested (127,480) 17.44 (108,920) 23.78 (84,520) 21.41 Forfeited (1,900) 24.55 (700) 22.24 (580) 22.20 Unvested at end of year 260,800 $ 15.07 192,380 $ 24.15 162,200 $ 22.37 The 260,800 unvested shares as of December 31, 2022 are scheduled to vest as follows: 93,780 shares in 2023, 75,240 shares in 2024, 57,120 shares in 2025 and 34,660 in 2026. As of December 31, 2022, the estimated future compensation expense for the unvested shares was approximately $3,400. The weighted average period over which the compensation expense will be recorded is approximately 23 months. During the years ended December 31, 2022, 2021 and 2020, we recorded $2,221, $2,329 and $2,331 respectively, of compensation expense related to the 2018 Plan. At December 31, 2022, 3,431,855 common shares remain available for issuance under the 2018 Plan. Common Share Purchases: During the years ended December 31, 2022, 2021 and 2020, we purchased an aggregate of 32,347, 35,596 and 18,060 of our common shares, respectively, at weighted average prices of $7.50, $25.91 and $21.16 per common share, respectively, from certain of our Trustees and certain current and former officers and employees of RMR in satisfaction of tax withholding and payment obligations in connection with the vesting of awards of our common shares. Distributions: During the years ended December 31, 2022, 2021 and 2020, we paid distributions on our common shares as follows: Annual Per Characterization of Distribution Share Total Return of Ordinary Capital Year Distribution Distribution Capital Income Gain 2022 $ 0.68 $44,477 89.7 % 9.6 % 0.7 % 2021 $ 1.32 $86,236 — % 93.2 % 6.8 % 2020 $ 1.32 $86,089 — % 71.0 % 29.0 % On January 12, 2023, we declared a regular quarterly distribution of $0.01 per common share, or approximately $656, to our common shareholders of record on January 23, 2023. We expect to pay this distribution to our shareholders on or about February 16, 2023.

Per Common Shares Amounts

Per Common Shares Amounts	12 Months Ended
	Dec. 31, 2022
Weighted Average Number of Shares Outstanding Reconciliation [Abstract]
Per Common Shares Amounts	Per Common Share Amounts We calculate basic earnings per common share by dividing net income (loss) attributable to common shareholders by the weighted average number of our common shares outstanding during the period. We calculate diluted earnings per share using the more dilutive of the two class method or the treasury stock method. Unvested common share awards, and the related impact on earnings, are considered when calculating diluted earnings per share. The calculation of basic and diluted earnings per share is as follows: Year Ended December 31, 2022 2021 2020 Numerators: Net (loss) income attributable to common shareholders $ (226,723) $ 119,682 $ 82,071 Loss attributable to unvested participating securities (131) (307) (154) Net (loss) income attributable to common shareholders used in calculating earnings per share $ (226,854) $ 119,375 $ 81,917 Denominators: Weighted average common shares for basic earnings per share 65,248 65,169 65,104 Effect of dilutive securities: unvested share awards — 42 10 Weighted average common shares for diluted earnings per share 65,248 65,211 65,114 Net (loss) income attributable to common shareholders per common share - basic and diluted $ (3.47) $ 1.83 $ 1.26

Business and Property Managemen

Business and Property Management Agreements with RMR	12 Months Ended
	Dec. 31, 2022
Related Party Transactions [Abstract]
Business and Property Management Agreements with RMR	Business and Property Management Agreements with RMR We have no employees. The personnel and various services we require to operate our business are provided to us by RMR. We have two agreements with RMR to provide management services to us: (1) a business management agreement, which relates to our business generally; and (2) a property management agreement, which relates to our property level operations. Management Agreements with RMR. Our management agreements with RMR provide for an annual base management fee, an annual incentive management fee and property management and construction supervision fees, payable in cash, among other terms: • Base Management Fee . The annual base management fee payable to RMR by us for each applicable period is equal to the lesser of: ◦ the sum of (i) 0.5% of the average aggregate historical cost of the real estate assets acquired from a REIT to which RMR provided business management or property management services, or the Transferred Assets, plus (ii) 0.7% of the average aggregate historical cost of our real estate investments excluding the Transferred Assets up to $250,000, plus (iii) 0.5% of the average aggregate historical cost of our real estate investments excluding the Transferred Assets exceeding $250,000; and ◦ the sum of (i) 0.7% of the average closing price per share of our common shares on the stock exchange on which such shares are principally traded during such period, multiplied by the average number of our common shares outstanding during such period, plus the daily weighted average of the aggregate liquidation preference of each class of our preferred shares outstanding during such period, plus the daily weighted average of the aggregate principal amount of our consolidated indebtedness during such period, or, together, our Average Market Capitalization, up to $250,000, plus (ii) 0.5% of our Average Market Capitalization exceeding $250,000. The average aggregate historical cost of our real estate investments includes our consolidated assets invested, directly or indirectly, in equity interests in or loans secured by real estate and personal property owned in connection with such real estate (including acquisition related costs and costs which may be allocated to intangibles or are unallocated), all before reserves for depreciation, amortization, impairment charges or bad debts or other similar non-cash reserves. • Incentive Management Fee . The incentive management fee which may be earned by RMR for an annual period is calculated as follows: ◦ An amount, subject to a cap, based on the value of our common shares outstanding, equal to 12.0% of the product of: – if the relevant measurement period ends on or before December 31, 2020, $1,560,000 (our unadjusted equity market capitalization as calculated at our initial public offering, or our IPO) or, if the relevant measurement period ends thereafter, our equity market capitalization on the last trading day of the calendar year immediately prior to the relevant measurement period, and – the amount (expressed as a percentage) by which the total return per share, as defined in the business management agreement and further described below, of our common shareholders (i.e., share price appreciation plus dividends) exceeds the total shareholder return of the applicable market index, or the benchmark return per share, for the relevant measurement period. The MSCI U.S. REIT/Industrial REIT Index is the benchmark index for periods on and after August 1, 2021, and the SNL U.S. REIT Industrial Index is the benchmark index for periods prior to August 1, 2021. For purposes of the total return per share of our common shareholders, share price appreciation for a measurement period is determined by subtracting (i) if the measurement period ends on or before December 31, 2020, $24.00 per common share (our unadjusted initial share price, as defined under the business management agreement, based on our IPO price of our common shares) or, if the measurement period ends after December 31, 2020, the closing price of our common shares on Nasdaq on the last trading day of the year immediately before the first year of the applicable measurement period from (ii) the average closing price of our common shares on the 10 consecutive trading days having the highest average closing prices during the final 30 trading days in the last year of the measurement period. ◦ The calculation of the incentive management fee (including the determinations of our equity market capitalization, initial share price and the total return per share of our common shareholders) is subject to adjustments if we issue or repurchase our common shares, or our common shares are forfeited, during the measurement period. ◦ No incentive management fee is payable by us unless our total return per share during the measurement period is positive. ◦ The measurement periods are generally three ◦ If our total return per share exceeds 12.0% per year in any measurement period, the benchmark return per share is adjusted to be the lesser of the total shareholder return of the applicable market index for such measurement period and 12.0% per year, or the adjusted benchmark return per share. In instances where the adjusted benchmark return per share applies, the incentive management fee will be reduced if our total return per share is between 200 basis points and 500 basis points below the applicable market index in any year, by a low return factor, as defined in the business management agreement, and there will be no incentive management fee paid if, in these instances, our total return per share is more than 500 basis points below the applicable market index in any year, determined on a cumulative basis (i.e., between 200 basis points and 500 basis points per year multiplied by the number of years in the measurement period and below the applicable market index). ◦ The incentive management fee is subject to a cap. The cap is equal to the value of the number of our common shares which would, after issuance, represent 1.5% of the number of our common shares then outstanding multiplied by the average closing price of our common shares during the 10 consecutive trading days having the highest average closing prices during the final 30 trading days of the relevant measurement period. ◦ Incentive management fees we paid to RMR for any period may be subject to “clawback” if our financial statements for that period are restated due to material non-compliance with any financial reporting requirements under the securities laws as a result of the bad faith, fraud, willful misconduct or gross negligence of RMR and the amount of the incentive management fee we paid was greater than the amount we would have paid based on the restated financial statements. Pursuant to our business management agreement with RMR, we recognized net business management fees of $23,701, $10,562 and $12,983 for the years ended December 31, 2022, 2021 and 2020. The net business management fees we recognized for the year ended December 31, 2020 include $1,005 of management fees paid to RMR by our joint venture that was a consolidated subsidiary of ours until November 2020. See Notes 2, 3, 5, 6, 10 and 11 for further information regarding this joint venture. The net business management fees we recognized are included in general and administrative expenses in our consolidated statements of comprehensive income (loss) for the years ended December 31, 2022, 2021 and 2020. We did not incur any incentive management fee pursuant to our business management agreement for the years ended December 31, 2022, 2021 and 2020. • Property Management and Construction Supervision Fees . The property management fees payable to RMR by us for each applicable period are equal to 3.0% of gross collected rents and the construction supervision fees payable to RMR by us for each applicable period are equal to 5.0% of construction costs. Pursuant to our property management agreement with RMR, we recognized aggregate property management and construction supervision fees of $11,916, $6,606 and $7,472 for the years ended December 31, 2022, 2021 and 2020, respectively. For the years ended December 31, 2022, 2021 and 2020, $11,058, $6,395 and $7,267, respectively, of the total net property management and construction supervision fees were expensed to other operating expenses in our consolidated statements of comprehensive income (loss) and $858, $211 and $205, respectively, were capitalized as building improvements in our consolidated balance sheets. The amounts capitalized are being depreciated over the estimated useful lives of the related capital assets. • Expense Reimbursement . We are generally responsible for all of our operating expenses, including certain expenses incurred or arranged by RMR on our behalf. We are generally not responsible for payment of RMR’s employment, office or administrative expenses incurred to provide management services to us, except for the employment and related expenses of RMR’s employees assigned to work exclusively or partly at our properties, our share of the wages, benefits and other related costs of RMR’s centralized accounting personnel, our share of RMR’s costs for providing our internal audit function and as otherwise agreed. Our property level operating expenses are generally incorporated into rents charged to our tenants, including certain payroll and related costs incurred by RMR. We reimbursed RMR $6,785, $4,786 and $4,948 for these expenses and costs for the years ended December 31, 2022, 2021 and 2020, respectively. These amounts are included in other operating expenses and general and administrative expenses, as applicable, for these periods. • Term . Our management agreements with RMR have terms that end on December 31, 2042, and automatically extend on December 31st of each year for an additional year, so that the terms of our management agreements thereafter end on the 20th anniversary of the date of the extension. • Termination Rights . We have the right to terminate one or both of our management agreements with RMR: (i) at any time on 60 days’ written notice for convenience, (ii) immediately on written notice for cause, as defined therein, (iii) on written notice given within 60 days after the end of an applicable calendar year for a performance reason, as defined therein, and (iv) by written notice during the 12 months following a change of control of RMR, as defined therein. RMR has the right to terminate the management agreements for good reason, as defined therein. • Termination Fee . If we terminate one or both of our management agreements with RMR for convenience, or if RMR terminates one or both of our management agreements for good reason, we have agreed to pay RMR a termination fee in an amount equal to the sum of the present values of the monthly future fees, as defined therein, for the terminated management agreement(s) for the term that was remaining prior to such termination, which, depending on the time of termination would be between 19 and 20 years. If we terminate one or both of our management agreements with RMR for a performance reason, we have agreed to pay RMR the termination fee calculated as described above, but assuming a 10 year term was remaining prior to the termination. We are not required to pay any termination fee if we terminate our management agreements with RMR for cause or as a result of a change of control of RMR. • Transition Services . RMR has agreed to provide certain transition services to us for 120 days following an applicable termination by us or notice of termination by RMR, including cooperating with us and using commercially reasonable efforts to facilitate the orderly transfer of the management and real estate investment services provided under our business management agreement and to facilitate the orderly transfer of the management of the managed properties under our property management agreement, as applicable. • Vendors . Pursuant to our management agreements with RMR, RMR may from time to time negotiate on our behalf with certain third party vendors and suppliers for the procurement of goods and services to us. As part of this arrangement, we may enter agreements with RMR and other companies to which RMR or its subsidiaries provide management services for the purpose of obtaining more favorable terms from such vendors and suppliers. • Investment Opportunities . Under our business management agreement with RMR, we acknowledge that RMR may engage in other activities or businesses and act as the manager to any other person or entity (including other REITs) even though such person or entity has investment policies and objectives similar to ours and we are not entitled to preferential treatment in receiving information, recommendations and other services from RMR. Management Agreements Between Our Joint Ventures and RMR. We have two separate joint venture arrangements. As described further in Notes 2, 3, 5, 6, 10 and 11, one of these joint ventures is with two, third party institutional investors. This joint venture owns 18 properties, and we own a 22% equity interest in this joint venture. We entered into this joint venture in February 2020. The other joint venture we entered into in connection with the Merger is with one, third party institutional investor. This joint venture owns 94 properties. We own a 61% equity interest in this joint venture, and the other joint venture investor acquired a 39% equity interest in the joint venture from us for $589,411 as of the completion of the transaction, in connection with the joint venture’s formation in February 2022. RMR provides management services to both of these joint ventures. Prior to November 2020, our 18 property joint venture was our consolidated subsidiary and, as such, we were obligated to pay fees under our management agreements with RMR regarding this joint venture; however, any fees paid by that joint venture were credited against the fees payable by us to RMR. Starting in November 2020, this joint venture is no longer our consolidated subsidiary and, as a result, we are no longer required to pay management fees to RMR with respect to our 18 property joint venture and fees this joint venture pays to RMR are no longer credited against amounts we owe to RMR. Our 94 property joint venture is our consolidated subsidiary and, as a result, we are obligated to pay management fees to RMR under our management agreements with RMR for the services it provides regarding that joint venture; however that joint venture pays management fees directly to RMR, and any such fees paid by that joint venture are credited against the fees payable by us to RMR.

Related Person Transactions

Related Person Transactions	12 Months Ended
	Dec. 31, 2022
Related Party Transactions [Abstract]
Related Person Transactions	Related Person TransactionsWe have relationships and historical and continuing transactions with RMR, The RMR Group Inc., or RMR Inc., and others related to them, including other companies to which RMR or its subsidiaries provide management services and some of which have trustees, directors or officers who are also our Trustees or officers. RMR is a majority owned subsidiary of RMR Inc. The Chair of our Board of Trustees and one of our Managing Trustees, Adam Portnoy, is the sole trustee, an officer and the controlling shareholder of ABP Trust, which is the controlling shareholder of RMR Inc., the chair of the board of directors, a managing director and the president and chief executive officer of RMR Inc. and an officer and employee of RMR. Matthew Jordan, our other Managing Trustee, is executive vice president, chief financial officer and treasurer of RMR Inc., an officer and employee of RMR and an officer of ABP Trust. John Murray, one of our Managing Trustees until June 1, 2022 and our President and Chief Executive Officer until March 31, 2022, also serves as an officer and employee of RMR, and each of our current officers is also an officer and employee of RMR. Some of our Independent Trustees also serve as independent trustees or independent directors of other public companies to which RMR or its subsidiaries provide management services. Adam Portnoy serves as chair of the boards and as a managing director or managing trustee of these public companies. Other officers of RMR, including Messrs. Jordan and Murray and certain of our officers, serve as managing trustees, managing directors or officers of certain of these companies. Our Manager, RMR . We have two agreements with RMR to provide management services to us. See Note 9 for further information regarding our management agreements with RMR. Our Joint Ventures. We have two separate joint venture arrangements. See Notes 2, 3, 5, 6, 9 and 11 for further information regarding our joint ventures, including properties we have sold to, and equity interests we have sold in, these joint ventures. As of December 31, 2022 and December 31, 2021, we owed $616 and $225, respectively, to the unconsolidated joint venture for rents that we collected on behalf of that joint venture. These amounts are presented as due to related persons in our consolidated balance sheet. We paid the amounts we owed as of December 31, 2022 in January 2023 and the amounts we owed as of December 31, 2021 in January 2022. As of December 31, 2020, the unconsolidated joint venture owed to us $2,665 for post-closing adjustments relating to our sale of some of our equity interests to a second third party institutional investor in November 2020. That joint venture paid these amounts due to us during the year ended December 31, 2022. This amount is presented as due from related persons in our consolidated balance sheet. RMR provides management services to each of our joint ventures. See Note 9 for further information regarding RMR’s management agreements with our joint ventures. Share Awards to RMR Employees . As described in Note 7, we award shares to our officers and other employees of RMR annually. Generally, one fifth of these awards vest on the grant date and one fifth vests on each of the next four anniversaries of the grant dates. In certain instances, we may accelerate the vesting of an award, such as in connection with the award holder’s retirement as an officer of us or an officer or employee of RMR. These awards to RMR employees are in addition to the share awards to our Managing Trustees, as Trustee compensation, and the fees we paid to RMR. See Note 7 for information regarding our share awards and activity as well as certain share purchases we made in connection with share award recipients satisfying tax withholding obligations on the vesting of share awards. Affiliates Insurance Company . Until its dissolution on February 13, 2020, we, ABP Trust and five other companies to which RMR provides management services owned Affiliates Insurance Company, or AIC, in equal amounts. In connection with AIC’s dissolution, we and each other AIC shareholder received a liquidating distribution of approximately $287 in June 2020 and a final liquidating distribution of $12 in December 2021. TravelCenters of America Inc. In May 2021, we acquired a property located in the Dallas, Texas market from TravelCenters of America Inc., or TA, for a purchase price of $2,319, including acquisition related costs of $119. RMR provides management services to TA and Mr. Portnoy serves as the chair of the board of directors and as a managing director of TA. See Note 3 for further information regarding this acquisition.

Derivatives and Hedging Activit

Derivatives and Hedging Activities	12 Months Ended
	Dec. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives and Hedging Activities	Derivatives and Hedging Activities Risk Management Objective of Using Derivatives We are exposed to certain risks relating to our ongoing business operations, including the impact of changes in interest rates. The only risk currently managed by us using derivative instruments is a part of our interest rate risk. We have an interest rate cap agreement to manage our interest rate risk exposure on each of the ILPT Floating Rate Loan and the Floating Rate Loan, both with interest payable at a rate equal to SOFR plus a premium. The use of derivative financial instruments carries certain risks, including the risk that the counterparties to these contractual arrangements are not able to perform under the agreements. To mitigate this risk, we only enter into derivative financial instruments with counterparties with high credit ratings and with major financial institutions with which we or our related parties may also have other financial relationships. We do not anticipate that any of the counterparties will fail to meet their obligations. Cash Flow Hedges of Interest Rate Risk As required by ASC 815, Derivatives and Hedging , we record all derivatives on the balance sheet at fair value. The following table summarizes the terms of our outstanding interest rate cap agreements designated as cash flow hedges of interest rate risk as of December 31, 2022: Interest Rate Derivative Balance Sheet Line Item Underlying Instrument Number of Instruments Strike Rate Notional Amount Fair Value at December 31, 2022 Interest Rate Cap Other assets Floating Rate Loan (1) 1 3.40% $ 1,400,000 $ 23,337 Interest Rate Cap Other assets ILPT Floating Rate Loan 2 2.25% $ 1,235,000 $ 49,796 (1) The Floating Rate Loan was entered into by our consolidated joint venture. Interest rate caps designated as cash flow hedges involve the receipt of variable amounts from a counterparty if interest rates rise above the strike rate on the contract in exchange for an up-front premium. For derivatives designated and qualifying as cash flow hedges of interest rate risk, the gain or loss on the derivative is recorded in accumulated other comprehensive income (loss) and subsequently reclassified into interest expense in the same period during which the hedged transaction affects earnings. Gains and losses on the derivative representing hedge components excluded from the assessment of effectiveness are recognized over the life of the hedge on a systematic and rational basis, as documented at hedge inception in accordance with our accounting policy election. The earnings recognition of excluded components is presented in interest expense. Amounts reported in accumulated other comprehensive income (loss) related to derivatives will be reclassified to interest expense as interest payments are made on our applicable debt. In September 2022, in conjunction with the repayment of the Bridge Loan, we sold two interest rate cap instruments with an aggregate notional amount of $1,385,158, a strike rate equal to 2.70% and an original expiration date of March 15, 2023 for $7,740. As the underlying debt instrument that these interest rate caps were intended to hedge was repaid in its entirety and the related interest expense was no longer probable to occur, these interest rate caps were no longer designated as cash flow hedges and the remaining deferred gain was reclassified from cumulative other comprehensive income (loss) as a reduction of loss on early extinguishment of debt. Year Ended December 31, 2022 Amount of gain recognized in cumulative other comprehensive income (loss) $ 34,825 Amount reclassified from cumulative other comprehensive income (loss) into interest expense 2,330 Amount reclassified from cumulative other comprehensive income (loss) into loss on early extinguishment of debt (6,961) Unrealized gain on derivative instrument recognized in cumulative other comprehensive income $ 30,194 We expect to reclassify approximately $25,810 from accumulated other comprehensive income to interest expense during the next twelve months, of which $6,845 would be attributable to noncontrolling interest.

SCHEDULE III - REAL ESTATE AND

SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION	12 Months Ended
	Dec. 31, 2022
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Abstract]
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION	SCHEDULE III REAL ESTATE AND ACCUMULATED DEPRECIATION December 31, 2022 (dollars in thousands) Initial Cost to Gross Amount Carried at Company Costs Close of Period (4) Buildings Capitalized Buildings Original and Subsequent to Impairment/ and Accumulated Date Construction Property Location State Property Type Encumbrances (1) Land Equipment Acquisition Writedowns (2) Land Equipment Total (2) Depreciation (3) Acquired Date 1 510 Production Avenue Madison AL Mainland Properties (B) $ 1,200 $ 9,967 $ — $ (2,118) $ 973 $ 8,076 $ 9,049 $ (136) 2/25/2022 2004 2 6735 Trippel Road Mobile AL Mainland Properties (E) 1,500 44,354 — — 1,500 44,354 45,854 (1,077) 2/25/2022 2017 3 11224 Will Walker Road Vance AL Mainland Properties (B) 3,901 40,857 550 — 3,901 41,407 45,308 (1,800) 2/25/2022 2021 4 3200 Rodeo Court Bessemer AL Mainland Properties (C) 3,201 23,462 — — 3,201 23,462 26,663 (570) 2/25/2022 2021 5 4501 Industrial Drive Fort Smith AR Mainland Properties (B) 900 3,485 — — 901 3,484 4,385 (690) 1/29/2015 2013 6 9860 West Buckeye Road Tolleson AZ Mainland Properties (B) 4,801 26,716 1 — 4,802 26,716 31,518 (1,132) 2/25/2022 2002 7 3870 Ronald Reagan Boulevard Johnstown CO Mainland Properties (B) 2,780 9,722 1 — 2,779 9,724 12,503 (1,207) 4/9/2019 2007 8 125 North Troy Hill Road Colorado Springs CO Mainland Properties (B) 5,402 32,981 — (10,790) 3,883 23,710 27,593 (342) 2/25/2022 2016 9 14257 E. Easter Avenue Centennial CO Mainland Properties (B) 1,801 10,563 — (2,607) 1,421 8,336 9,757 (169) 2/25/2022 2003 10 955 Aeroplaza Drive Colorado Springs CO Mainland Properties (B) 800 7,412 39 — 800 7,451 8,251 (1,481) 1/29/2015 2012 11/12 13400 East 39th Avenue and 3800 Wheeling Street Denver CO Mainland Properties (B) 3,100 12,955 5 — 3,100 12,960 16,060 (2,568) 1/29/2015 1973 13 150 Greenhorn Drive Pueblo CO Mainland Properties (B) 200 4,177 — — 200 4,177 4,377 (827) 1/29/2015 2013 14 2 Tower Drive Wallingford CT Mainland Properties (B) 1,471 2,165 888 — 1,471 3,053 4,524 (1,129) 10/24/2006 1978 15 50 Hollow Tree Lane Newington CT Mainland Properties (C) 600 4,793 — — 600 4,793 5,393 (136) 2/25/2022 2000 16 235 Great Pond Road Windsor CT Mainland Properties (B) 2,400 9,469 — — 2,400 9,469 11,869 (2,467) 7/20/2012 2004 17 2100 NW 82nd Avenue Miami FL Mainland Properties (B) 144 1,297 454 — 144 1,751 1,895 (939) 3/19/1998 1987 18 10450 Doral Boulevard Doral FL Mainland Properties (B) 15,225 28,102 — — 15,225 28,102 43,327 (4,216) 6/27/2018 1996 19 13509 Waterworks Street Jacksonville FL Mainland Properties (B) 3,701 37,720 (1) (9,345) 2,866 29,209 32,075 (421) 2/25/2022 2014 20 27200 SW 127th Avenue Homestead FL Mainland Properties (B) 24,808 22,762 — (8,376) 20,440 18,754 39,194 (271) 2/25/2022 2017 21 3155 Grissom Parkway Cocoa FL Mainland Properties (B) 3,101 20,542 27 (4,620) 2,494 16,556 19,050 (279) 2/25/2022 2006 22 950 Bennett Road Orlando FL Mainland Properties (B) 2,701 12,334 215 (737) 2,568 11,945 14,513 (200) 2/25/2022 1997 23 3736 Salisbury Road Jacksonville FL Mainland Properties (B) 1,600 12,071 158 (2,998) 1,250 9,581 10,831 (240) 2/25/2022 1998 24 1341 N. Clyde Morris Boulevard Daytona Beach FL Mainland Properties (B) 3,001 38,858 486 (1,762) 2,875 37,708 40,583 (537) 2/25/2022 2017 25 5000 North Ridge Trail Davenport FL Mainland Properties (C) 4,001 52,290 — — 4,001 52,290 56,291 (1,270) 2/25/2022 2016 26 14001 Jetport Loop Ft. Myers FL Mainland Properties (C) 5,902 25,616 — — 5,902 25,616 31,518 (622) 2/25/2022 2016 27 8411 Florida Mining Boulevard Tampa FL Mainland Properties (C) 7,602 29,985 19 — 7,602 30,004 37,606 (851) 2/25/2022 2003 28 5101 West Waters Avenue Tampa FL Mainland Properties (C) 3,101 12,134 157 — 3,101 12,291 15,392 (413) 2/25/2022 1997 29 3404 Cragmont Drive Tampa FL Mainland Properties (C) 1,600 6,557 160 — 1,600 6,717 8,317 (223) 2/25/2022 1989 30 7569 Golf Course Boulevard Punta Gorda FL Mainland Properties (C) — 6,042 — — — 6,042 6,042 (147) 2/25/2022 2007 INDUSTRIAL LOGISTICS PROPERTIES TRUST SCHEDULE III REAL ESTATE AND ACCUMULATED DEPRECIATION (Continued) December 31, 2022 (dollars in thousands) Initial Cost to Gross Amount Carried at Company Costs Close of Period (4) Buildings Capitalized Buildings Original and Subsequent to Impairment/ and Accumulated Date Construction Property Location State Property Type Encumbrances (1) Land Equipment Acquisition Writedowns (2) Land Equipment Total (2) Depreciation (3) Acquired Date 31 1900 Interstate Boulevard Lakeland FL Mainland Properties (C) 500 3,405 — — 500 3,405 3,905 (96) 2/25/2022 1993 32 2902 Gun Club Road Augusta GA Mainland Properties (B) 1,200 9,861 — (6,995) 441 3,625 4,066 (53) 2/25/2022 2004 33 1078 Bertram Road Augusta GA Mainland Properties (B) 900 1,867 64 (1,374) 453 1,004 1,457 (24) 2/25/2022 1993 34 590 Northport Parkway Savannah GA Mainland Properties (C) 16,905 66,945 — — 16,905 66,945 83,850 (1,626) 2/25/2022 2017 35 3150 Highway 42 Locust Grove GA Mainland Properties (E) 9,803 109,420 41 — 9,803 109,461 119,264 (2,657) 2/25/2022 2020 36 650 Braselton Parkway Braselton GA Mainland Properties (E) 6,902 82,238 — — 6,902 82,238 89,140 (1,997) 2/25/2022 2018 37 700 Hudson Road Griffin GA Mainland Properties (C) 900 20,442 45 — 900 20,487 21,387 (695) 2/25/2022 2002 38 505 Morgan Lakes Industrial Blvd. Savannah GA Mainland Properties (C) 8,203 31,714 — — 8,203 31,714 39,917 (770) 2/25/2022 2018 39 2002 International Boulevard Augusta GA Mainland Properties 3,818 30,780 2 — 3,819 30,781 34,600 (408) 7/14/2022 2022 40 2815 Kaihikapu Street Honolulu HI Hawaii Properties (A) 1,818 — 6 — 1,818 6 1,824 (2) 12/5/2003 — 41 609 Ahua Street Honolulu HI Hawaii Properties (A) 616 — — — 616 — 616 — 12/5/2003 — 42 2849 Kaihikapu Street Honolulu HI Hawaii Properties (A) 860 — — — 860 — 860 — 12/5/2003 — 43 709 Ahua Street Honolulu HI Hawaii Properties (A) 1,801 — — — 1,801 — 1,801 — 12/5/2003 — 44 2839 Kilihau Street Honolulu HI Hawaii Properties (A) 627 — — — 627 — 627 — 12/5/2003 — 45 2906 Kaihikapu Street Honolulu HI Hawaii Properties (A) 1,814 2 — — 1,814 2 1,816 (1) 12/5/2003 — 46 733 Mapunapuna Street Honolulu HI Hawaii Properties (A) 3,403 — — — 3,403 — 3,403 — 12/5/2003 — 47 2864 Awaawaloa Street Honolulu HI Hawaii Properties (A) 1,836 — 7 — 1,836 7 1,843 (6) 12/5/2003 — 48 2850 Awaawaloa Street Honolulu HI Hawaii Properties (A) 287 172 (1) — 286 172 458 (82) 12/5/2003 — 49 2806 Kaihikapu Street Honolulu HI Hawaii Properties (A) 1,801 — — — 1,801 — 1,801 — 12/5/2003 — 50 2838 Kilihau Street Honolulu HI Hawaii Properties (A) 4,262 — — — 4,262 — 4,262 — 12/5/2003 — 51 852 Mapunapuna Street Honolulu HI Hawaii Properties (A) 1,801 — — — 1,801 — 1,801 — 12/5/2003 — 52 812 Mapunapuna Street Honolulu HI Hawaii Properties (A) 1,960 25 628 — 2,613 — 2,613 — 12/5/2003 — 53 2969 Mapunapuna Street Honolulu HI Hawaii Properties (A) 4,038 15 — — 4,038 15 4,053 (10) 12/5/2003 — 54 855 Ahua Street Honolulu HI Hawaii Properties (A) 1,834 — — — 1,834 — 1,834 — 12/5/2003 — 55 2855 Kaihikapu Street Honolulu HI Hawaii Properties (A) 1,807 — — — 1,807 — 1,807 — 12/5/2003 — 56 865 Ahua Street Honolulu HI Hawaii Properties (A) 1,846 — — — 1,846 — 1,846 — 12/5/2003 — 57 719 Ahua Street Honolulu HI Hawaii Properties (A) 1,960 — — — 1,960 — 1,960 — 12/5/2003 — 58 759 Puuloa Road Honolulu HI Hawaii Properties (A) 1,766 3 (3) — 1,766 — 1,766 — 12/5/2003 — 59 770 Mapunapuna Street Honolulu HI Hawaii Properties (A) 1,801 — — — 1,801 — 1,801 — 12/5/2003 — INDUSTRIAL LOGISTICS PROPERTIES TRUST SCHEDULE III REAL ESTATE AND ACCUMULATED DEPRECIATION (Continued) December 31, 2022 (dollars in thousands) Initial Cost to Gross Amount Carried at Company Costs Close of Period (4) Buildings Capitalized Buildings Original and Subsequent to Impairment/ and Accumulated Date Construction Property Location State Property Type Encumbrances (1) Land Equipment Acquisition Writedowns (2) Land Equipment Total (2) Depreciation (3) Acquired Date 60 2915 Kaihikapu Street Honolulu HI Hawaii Properties (A) 2,579 — — — 2,579 — 2,579 — 12/5/2003 — 61 704 Mapunapuna Street Honolulu HI Hawaii Properties (A) 2,390 685 — — 2,390 685 3,075 (326) 12/5/2003 — 62 822 Mapunapuna Street Honolulu HI Hawaii Properties (A) 1,795 15 (15) — 1,795 — 1,795 — 12/5/2003 — 63 842 Mapunapuna Street Honolulu HI Hawaii Properties (A) 1,795 14 (14) — 1,795 — 1,795 — 12/5/2003 — 64 2839 Mokumoa Street Honolulu HI Hawaii Properties (A) 1,942 — — — 1,942 — 1,942 — 12/5/2003 — 65 2861 Mokumoa Street Honolulu HI Hawaii Properties (A) 3,867 — — — 3,867 — 3,867 — 12/5/2003 — 66 619 Mapunapuna Street Honolulu HI Hawaii Properties (A) 1,401 2 12 — 1,401 14 1,415 (3) 12/5/2003 — 67 2847 Awaawaloa Street Honolulu HI Hawaii Properties (A) 582 303 184 — 582 487 1,069 (167) 12/5/2003 — 68 2928 Kaihikapu Street - A Honolulu HI Hawaii Properties (A) 1,801 — — — 1,801 — 1,801 — 12/5/2003 — 69 2928 Kaihikapu Street - B Honolulu HI Hawaii Properties (A) 1,948 — — — 1,948 — 1,948 — 12/5/2003 — 70 850 Ahua Street Honolulu HI Hawaii Properties (A) 2,682 2 (2) — 2,682 — 2,682 — 12/5/2003 — 71 659 Ahua Street Honolulu HI Hawaii Properties (A) 860 20 (20) — 860 — 860 — 12/5/2003 — 72 2831 Awaawaloa Street Honolulu HI Hawaii Properties (A) 860 — — — 860 — 860 — 12/5/2003 — 73 2760 Kam Highway Honolulu HI Hawaii Properties (A) 703 — 191 — 703 191 894 (29) 12/5/2003 — 74 2965 Mokumoa Street Honolulu HI Hawaii Properties (A) 2,140 — — — 2,140 — 2,140 — 12/5/2003 — 75 2814 Kilihau Street Honolulu HI Hawaii Properties (A) 1,925 — — — 1,925 — 1,925 — 12/5/2003 — 76 2804 Kilihau Street Honolulu HI Hawaii Properties (A) 1,775 2 — — 1,775 2 1,777 — 12/5/2003 — 77 2833 Kilihau Street Honolulu HI Hawaii Properties (A) 601 — — — 601 — 601 — 12/5/2003 — 78 692 Mapunapuna Street Honolulu HI Hawaii Properties (A) 1,796 2 — — 1,796 2 1,798 — 12/5/2003 — 79 669 Ahua Street Honolulu HI Hawaii Properties (A) 1,801 14 62 — 1,801 76 1,877 (33) 12/5/2003 — 80 761 Ahua Street Honolulu HI Hawaii Properties (A) 3,757 2 339 — 3,757 341 4,098 (35) 12/5/2003 — 81 702 Ahua Street Honolulu HI Hawaii Properties (A) 1,784 3 (4) — 1,783 — 1,783 — 12/5/2003 — 82 645 Ahua Street Honolulu HI Hawaii Properties (A) 882 — — — 882 — 882 — 12/5/2003 — 83 675 Mapunapuna Street Honolulu HI Hawaii Properties (A) 1,081 — — — 1,081 — 1,081 — 12/5/2003 — 84 2858 Kaihikapu Street Honolulu HI Hawaii Properties (A) 1,801 — — — 1,801 — 1,801 — 12/5/2003 — 85 2857 Awaawaloa Street Honolulu HI Hawaii Properties (A) 983 — — — 983 — 983 — 12/5/2003 — 86 2812 Awaawaloa Street Honolulu HI Hawaii Properties (A) 1,801 3 (2) — 1,801 1 1,802 — 12/5/2003 — 87 2809 Kaihikapu Street Honolulu HI Hawaii Properties (A) 1,837 — — — 1,837 — 1,837 — 12/5/2003 — 88 803 Ahua Street Honolulu HI Hawaii Properties (A) 3,804 — — — 3,804 — 3,804 — 12/5/2003 — INDUSTRIAL LOGISTICS PROPERTIES TRUST SCHEDULE III REAL ESTATE AND ACCUMULATED DEPRECIATION (Continued) December 31, 2022 (dollars in thousands) Initial Cost to Gross Amount Carried at Company Costs Close of Period (4) Buildings Capitalized Buildings Original and Subsequent to Impairment/ and Accumulated Date Construction Property Location State Property Type Encumbrances (1) Land Equipment Acquisition Writedowns (2) Land Equipment Total (2) Depreciation (3) Acquired Date 89 2889 Mokumoa Street Honolulu HI Hawaii Properties (A) 1,783 5 — — 1,783 5 1,788 — 12/5/2003 — 90 819 Ahua Street Honolulu HI Hawaii Properties (A) 4,821 583 9 — 4,821 592 5,413 (287) 12/5/2003 — 91 830 Mapunapuna Street Honolulu HI Hawaii Properties (A) 1,801 25 (25) — 1,801 — 1,801 — 12/5/2003 — 92 2831 Kaihikapu Street Honolulu HI Hawaii Properties (A) 1,272 529 55 — 1,272 584 1,856 (277) 12/5/2003 — 93 2846-A Awaawaloa Street Honolulu HI Hawaii Properties (A) 2,181 954 — — 2,181 954 3,135 (454) 12/5/2003 — 94 2816 Awaawaloa Street Honolulu HI Hawaii Properties (A) 1,009 27 — — 1,009 27 1,036 (13) 12/5/2003 — 95 673 Ahua Street Honolulu HI Hawaii Properties (A) 1,801 — — — 1,801 — 1,801 — 12/5/2003 — 96 697 Ahua Street Honolulu HI Hawaii Properties (A) 994 811 (4) — 994 807 1,801 (384) 12/5/2003 — 97 808 Ahua Street Honolulu HI Hawaii Properties (A) 3,279 — (1) — 3,278 — 3,278 (7) 12/5/2003 — 98 659 Puuloa Road Honolulu HI Hawaii Properties (A) 1,807 — — — 1,807 — 1,807 — 12/5/2003 — 99 666 Mapunapuna Street Honolulu HI Hawaii Properties (A) 860 2 (2) — 860 — 860 — 12/5/2003 — 100 679 Puuloa Road Honolulu HI Hawaii Properties (A) 1,807 3 (3) — 1,807 — 1,807 — 12/5/2003 — 101 673 Mapunapuna Street Honolulu HI Hawaii Properties (A) 1,801 20 (20) — 1,801 — 1,801 — 12/5/2003 — 102 2827 Kaihikapu Street Honolulu HI Hawaii Properties (A) 1,801 — — — 1,801 — 1,801 — 12/5/2003 — 103 2826 Kaihikapu Street Honolulu HI Hawaii Properties (A) 3,921 — — — 3,921 — 3,921 — 12/5/2003 — 104 685 Ahua Street Honolulu HI Hawaii Properties (A) 1,801 — — — 1,801 — 1,801 — 12/5/2003 — 105 2844 Kaihikapu Street Honolulu HI Hawaii Properties (A) 1,960 14 (14) — 1,960 — 1,960 — 12/5/2003 — 106 789 Mapunapuna Street Honolulu HI Hawaii Properties (A) 2,608 3 (3) — 2,608 — 2,608 — 12/5/2003 — 107 2808 Kam Highway Honolulu HI Hawaii Properties (A) 310 — — — 310 — 310 — 12/5/2003 — 108 2815 Kilihau Street Honolulu HI Hawaii Properties (A) 287 — — — 287 — 287 — 12/5/2003 — 109 2821 Kilihau Street Honolulu HI Hawaii Properties (A) 287 — — — 287 — 287 — 12/5/2003 — 110 2829 Kilihau Street Honolulu HI Hawaii Properties (A) 287 — — — 287 — 287 — 12/5/2003 — 111 2819 Mokumoa Street - A Honolulu HI Hawaii Properties (A) 1,821 — — — 1,821 — 1,821 — 12/5/2003 — 112 2819 Mokumoa Street - B Honolulu HI Hawaii Properties (A) 1,816 — — — 1,816 — 1,816 — 12/5/2003 — 113 2879 Mokumoa Street Honolulu HI Hawaii Properties (A) 1,789 — — — 1,789 — 1,789 — 12/5/2003 — 114 2927 Mokumoa Street Honolulu HI Hawaii Properties (A) 1,778 — — — 1,778 — 1,778 — 12/5/2003 — 115 2833 Paa Street #2 Honolulu HI Hawaii Properties (A) 1,675 — — — 1,675 — 1,675 — 12/5/2003 — 116 855 Mapunapuna Street Honolulu HI Hawaii Properties (A) 3,265 — — — 3,265 — 3,265 — 12/5/2003 — 117 2829 Awaawaloa Street Honolulu HI Hawaii Properties (A) 1,720 2 (2) — 1,720 — 1,720 — 12/5/2003 — INDUSTRIAL LOGISTICS PROPERTIES TRUST SCHEDULE III REAL ESTATE AND ACCUMULATED DEPRECIATION (Continued) December 31, 2022 (dollars in thousands) Initial Cost to Gross Amount Carried at Company Costs Close of Period (4) Buildings Capitalized Buildings Original and Subsequent to Impairment/ and Accumulated Date Construction Property Location State Property Type Encumbrances (1) Land Equipment Acquisition Writedowns (2) Land Equipment Total (2) Depreciation (3) Acquired Date 118 766 Mapunapuna Street Honolulu HI Hawaii Properties (A) 1,801 — — — 1,801 — 1,801 — 12/5/2003 — 119 2908 Kaihikapu Street Honolulu HI Hawaii Properties (A) 1,798 23 — — 1,798 23 1,821 (3) 12/5/2003 — 120 729 Ahua Street Honolulu HI Hawaii Properties (A) 1,801 — — — 1,801 — 1,801 — 12/5/2003 — 121 739 Ahua Street Honolulu HI Hawaii Properties (A) 1,801 — — — 1,801 — 1,801 — 12/5/2003 — 122 2868 Kaihikapu Street Honolulu HI Hawaii Properties (A) 1,801 — — — 1,801 — 1,801 — 12/5/2003 — 123 660 Ahua Street Honolulu HI Hawaii Properties (A) 1,783 4 (4) — 1,783 — 1,783 — 12/5/2003 — 124 2869 Mokumoa Street Honolulu HI Hawaii Properties (A) 1,794 — — — 1,794 — 1,794 — 12/5/2003 — 125 2836 Awaawaloa Street Honolulu HI Hawaii Properties (A) 1,353 — — — 1,353 — 1,353 — 12/5/2003 — 126 113 Puuhale Road Honolulu HI Hawaii Properties (A) 3,729 — — — 3,729 — 3,729 — 12/5/2003 — 127 2140 Kaliawa Street Honolulu HI Hawaii Properties (A) 931 — — — 931 — 931 — 12/5/2003 — 128 165 Sand Island Access Road Honolulu HI Hawaii Properties (A) 758 — — — 758 — 758 — 12/5/2003 — 129 2106 Kaliawa Street Honolulu HI Hawaii Properties (A) 1,568 — 228 — 1,568 228 1,796 (124) 12/5/2003 — 130 140 Puuhale Road Honolulu HI Hawaii Properties (A) 1,100 — 41 — 1,100 41 1,141 (9) 12/5/2003 — 131 2020 Auiki Street Honolulu HI Hawaii Properties (A) 2,385 — — — 2,385 — 2,385 — 12/5/2003 — 132 2103 Kaliawa Street Honolulu HI Hawaii Properties (A) 3,212 — — — 3,212 — 3,212 — 12/5/2003 — 133 1926 Auiki Street Honolulu HI Hawaii Properties (A) 2,872 — 1,722 — 2,872 1,722 4,594 (709) 12/5/2003 1959 134 1931 Kahai Street Honolulu HI Hawaii Properties (A) 3,779 — — — 3,779 — 3,779 — 12/5/2003 — 135 215 Puuhale Road Honolulu HI Hawaii Properties (A) 2,117 — — — 2,117 — 2,117 — 12/5/2003 — 136 207 Puuhale Road Honolulu HI Hawaii Properties (A) 2,024 — — — 2,024 — 2,024 — 12/5/2003 — 137 125 Puuhale Road Honolulu HI Hawaii Properties (A) 1,630 — — — 1,630 — 1,630 — 12/5/2003 — 138 125B Puuhale Road Honolulu HI Hawaii Properties (A) 2,815 — — — 2,815 — 2,815 — 12/5/2003 — 139 2001 Kahai Street Honolulu HI Hawaii Properties (A) 1,091 — — — 1,091 — 1,091 — 12/5/2003 — 140 2110 Auiki Street Honolulu HI Hawaii Properties (A) 837 — — — 837 — 837 — 12/5/2003 — 141 142 Mokauea Street Honolulu HI Hawaii Properties (A) 2,182 — 1,576 — 2,182 1,576 3,758 (541) 12/5/2003 1972 142 2139 Kaliawa Street Honolulu HI Hawaii Properties (A) 885 — — — 885 — 885 — 12/5/2003 — 143 2122 Kaliawa Street Honolulu HI Hawaii Properties (A) 1,365 — — — 1,365 — 1,365 — 12/5/2003 — 144 148 Mokauea Street Honolulu HI Hawaii Properties (A) 3,476 — — — 3,476 — 3,476 — 12/5/2003 — 145 151 Puuhale Road Honolulu HI Hawaii Properties (A) 1,956 — 48 — 1,956 48 2,004 (2) 12/5/2003 — 146 2127 Auiki Street Honolulu HI Hawaii Properties (A) 2,906 — 67 — 2,906 67 2,973 (38) 12/5/2003 — INDUSTRIAL LOGISTICS PROPERTIES TRUST SCHEDULE III REAL ESTATE AND ACCUMULATED DEPRECIATION (Continued) December 31, 2022 (dollars in thousands) Initial Cost to Gross Amount Carried at Company Costs Close of Period (4) Buildings Capitalized Buildings Original and Subsequent to Impairment/ and Accumulated Date Construction Property Location State Property Type Encumbrances (1) Land Equipment Acquisition Writedowns (2) Land Equipment Total (2) Depreciation (3) Acquired Date 147 2144 Auiki Street Honolulu HI Hawaii Properties (A) 2,640 — 7,594 — 2,640 7,594 10,234 (2,925) 12/5/2003 1953 148 179 Sand Island Access Road Honolulu HI Hawaii Properties (A) 2,480 — — — 2,480 — 2,480 — 12/5/2003 — 149 106 Puuhale Road Honolulu HI Hawaii Properties (A) 1,113 — 274 — 1,113 274 1,387 (112) 12/5/2003 1966 150 120 Mokauea Street Honolulu HI Hawaii Properties (A) 1,953 — 1,091 — 1,953 1,091 3,044 (228) 12/5/2003 1970 151 120B Mokauea Street Honolulu HI Hawaii Properties (A) 1,953 — — — 1,953 — 1,953 — 12/5/2003 1970 152 231 Sand Island Access Road Honolulu HI Hawaii Properties (A) 752 — — — 752 — 752 — 12/5/2003 — 153 231B Sand Island Access Road Honolulu HI Hawaii Properties (A) 1,539 — — — 1,539 — 1,539 — 12/5/2003 — 154 220 Puuhale Road Honolulu HI Hawaii Properties (A) 2,619 — — — 2,619 — 2,619 — 12/5/2003 — 155 150 Puuhale Road Honolulu HI Hawaii Properties (A) 4,887 — — — 4,887 — 4,887 — 12/5/2003 — 156 197 Sand Island Access Road Honolulu HI Hawaii Properties (A) 1,238 — — — 1,238 — 1,238 — 12/5/2003 — 157 2019 Kahai Street Honolulu HI Hawaii Properties (A) 1,377 — — — 1,377 — 1,377 — 12/5/2003 — 158 2344 Pahounui Drive Honolulu HI Hawaii Properties (A) 6,709 — — — 6,709 — 6,709 — 12/5/2003 — 159 238 Sand Island Access Road Honolulu HI Hawaii Properties (A) 2,273 — — — 2,273 — 2,273 — 12/5/2003 — 160 2308 Pahounui Drive Honolulu HI Hawaii Properties (A) 3,314 — — — 3,314 — 3,314 — 12/5/2003 — 161 2135 Auiki Street Honolulu HI Hawaii Properties (A) 825 — — — 825 — 825 — 12/5/2003 — 162 218 Mohonua Place Honolulu HI Hawaii Properties (A) 1,741 — — — 1,741 — 1,741 — 12/5/2003 — 163 180 Sand Island Access Road Honolulu HI Hawaii Properties (A) 1,655 — — — 1,655 — 1,655 — 12/5/2003 — 164 2250 Pahounui Drive Honolulu HI Hawaii Properties (A) 3,862 — — — 3,862 — 3,862 — 12/5/2003 — 165 158 Sand Island Access Road Honolulu HI Hawaii Properties (A) 2,488 — — — 2,488 — 2,488 — 12/5/2003 — 166 2264 Pahounui Drive Honolulu HI Hawaii Properties (A) 1,632 — — — 1,632 — 1,632 — 12/5/2003 — 167 2276 Pahounui Drive Honolulu HI Hawaii Properties (A) 1,619 — — — 1,619 — 1,619 — 12/5/2003 — 168 204 Sand Island Access Road Honolulu HI Hawaii Properties (A) 1,689 — — — 1,689 — 1,689 — 12/5/2003 — 169 228 Mohonua Place Honolulu HI Hawaii Properties (A) 1,865 — — — 1,865 — 1,865 — 12/5/2003 — 170 212 Mohonua Place Honolulu HI Hawaii Properties (A) 1,067 — — — 1,067 — 1,067 — 12/5/2003 — 171 214 Sand Island Access Road Honolulu HI Hawaii Properties (A) 1,864 — 593 — 1,864 593 2,457 (161) 12/5/2003 1981 172 2879 Paa Street Honolulu HI Hawaii Properties (A) 1,691 — 44 — 1,691 44 1,735 (16) 12/5/2003 — 173 2833 Paa Street Honolulu HI Hawaii Properties (A) 1,701 — — — 1,701 — 1,701 — 12/5/2003 — 174 1055 Ahua Street Honolulu HI Hawaii Properties (A) 1,216 — — — 1,216 — 1,216 — 12/5/2003 — 175 2875 Paa Street Honolulu HI Hawaii Properties (A) 1,330 — — — 1,330 — 1,330 — 12/5/2003 — INDUSTRIAL LOGISTICS PROPERTIES TRUST SCHEDULE III REAL ESTATE AND ACCUMULATED DEPRECIATION (Continued) December 31, 2022 (dollars in thousands) Initial Cost to Gross Amount Carried at Company Costs Close of Period (4) Buildings Capitalized Buildings Original and Subsequent to Impairment/ and Accumulated Date Construction Property Location State Property Type Encumbrances (1) Land Equipment Acquisition Writedowns (2) Land Equipment Total (2) Depreciation (3) Acquired Date 176 1000 Mapunapuna Street Honolulu HI Hawaii Properties (A) 2,252 — — — 2,252 — 2,252 — 12/5/2003 — 177 2850 Paa Street Honolulu HI Hawaii Properties (A) 22,827 — — — 22,827 — 22,827 — 12/5/2003 — 178 2828 Paa Street Honolulu HI Hawaii Properties (A) 12,448 — — — 12,448 — 12,448 — 12/5/2003 — 179 1045 Mapunapuna Street Honolulu HI Hawaii Properties (A) 819 — — — 819 — 819 — 12/5/2003 — 180 1122 Mapunapuna Street Honolulu HI Hawaii Properties (A) 5,781 — — — 5,781 — 5,781 — 12/5/2003 — 181 2810 Paa Street Honolulu HI Hawaii Properties (A) 3,340 — — — 3,340 — 3,340 — 12/5/2003 — 182 2886 Paa Street Honolulu HI Hawaii Properties (A) 2,205 — — — 2,205 — 2,205 — 12/5/2003 — 183 2810 Pukoloa Street Honolulu HI Hawaii Properties (A) 27,699 — — — 27,699 — 27,699 — 12/5/2003 — 184 1052 Ahua Street Honolulu HI Hawaii Properties (A) 1,703 — 240 — 1,703 240 1,943 (104) 12/5/2003 — 185 1024 Mapunapuna Street Honolulu HI Hawaii Properties (A) 1,385 — — — 1,385 — 1,385 — 12/5/2003 — 186 1030 Mapunapuna Street Honolulu HI Hawaii Properties (A) 5,655 — — — 5,655 — 5,655 — 12/5/2003 — 187 1001 Ahua Street Honolulu HI Hawaii Properties (A) 15,155 3,312 92 — 15,155 3,404 18,559 (1,609) 12/5/2003 — 188 944 Ahua Street Honolulu HI Hawaii Properties (A) 1,219 — — — 1,219 — 1,219 — 12/5/2003 — 189 918 Ahua Street Honolulu HI Hawaii Properties (A) 3,820 — — — 3,820 — 3,820 — 12/5/2003 — 190 2864 Mokumoa Street Honolulu HI Hawaii Properties (A) 2,092 — — — 2,092 — 2,092 — 12/5/2003 — 191 1050 Kikowaena Place Honolulu HI Hawaii Properties (A) 1,404 873 — — 1,404 873 2,277 (416) 12/5/2003 — 192 949 Mapunapuna Street Honolulu HI Hawaii Properties (A) 11,568 — — — 11,568 — 11,568 — 12/5/2003 — 193 2855 Pukoloa Street Honolulu HI Hawaii Properties (A) 1,934 — — — 1,934 — 1,934 — 12/5/2003 — 194 2865 Pukoloa Street Honolulu HI Hawaii Properties (A) 1,934 — — — 1,934 — 1,934 — 12/5/2003 — 195 2850 Mokumoa Street Honolulu HI Hawaii Properties (A) 2,143 — — — 2,143 — 2,143 — 12/5/2003 — 196 905 Ahua Street Honolulu HI Hawaii Properties (A) 1,148 — — — 1,148 — 1,148 — 12/5/2003 — 197 1150 Kikowaena Street Honolulu HI Hawaii Properties (A) 2,445 — — — 2,445 — 2,445 — 12/5/2003 — 198 960 Ahua Street Honolulu HI Hawaii Properties (A) 614 — — — 614 — 614 — 12/5/2003 — 199 1062 Kikowaena Place Honolulu HI Hawaii Properties (A) 1,049 598 125 — 1,049 723 1,772 (294) 12/5/2003 — 200 2829 Pukoloa Street Honolulu HI Hawaii Properties (A) 2,088 — — — 2,088 — 2,088 — 12/5/2003 — 201 2841 Pukoloa Street Honolulu HI Hawaii Properties (A) 2,088 — — — 2,088 — 2,088 — 12/5/2003 — 202 2819 Pukoloa Street Honolulu HI Hawaii Properties (A) 2,090 — 34 — 2,090 34 2,124 (12) 12/5/2003 — 203 950 Mapunapuna Street Honolulu HI Hawaii Properties (A) 1,724 — — — 1,724 — 1,724 — 12/5/2003 — 204 960 Mapunapuna Street Honolulu HI Hawaii Properties (A) 1,933 — — — 1,933 — 1,933 — 12/5/2003 — INDUSTRIAL LOGISTICS PROPERTIES TRUST SCHEDULE III REAL ESTATE AND ACCUMULATED DEPRECIATION (Continued) December 31, 2022 (dollars in thousands) Initial Cost to Gross Amount Carried at Company Costs Close of Period (4) Buildings Capitalized Buildings Original and Subsequent to Impairment/ and Accumulated Date Construction Property Location State Property Type Encumbrances (1) Land Equipment Acquisition Writedowns (2) Land Equipment Total (2) Depreciation (3) Acquired Date 205 930 Mapunapuna Street Honolulu HI Hawaii Properties (A) 3,654 — — — 3,654 — 3,654 — 12/5/2003 — 206 1038 Kikowaena Place Honolulu HI Hawaii Properties (A) 2,576 — — — 2,576 — 2,576 — 12/5/2003 — 207 1024 Kikowaena Place Honolulu HI Hawaii Properties (A) 1,818 — — — 1,818 — 1,818 — 12/5/2003 — 208 2970 Mokumoa Street Honolulu HI Hawaii Properties (A) 1,722 — — — 1,722 — 1,722 — 12/5/2003 — 209 970 Ahua Street Honolulu HI Hawaii Properties (A) 817 — — — 817 — 817 — 12/5/2003 — 210 2840 Mokumoa Street Honolulu HI Hawaii Properties (A) 2,149 — — — 2,149 — 2,149 — 12/5/2003 — 211 2830 Mokumoa Street Honolulu HI Hawaii Properties (A) 2,146 — — — 2,146 — 2,146 — 12/5/2003 — 212 1027 Kikowaena Place Honolulu HI Hawaii Properties (A) 5,444 — — — 5,444 — 5,444 — 12/5/2003 — 213 2960 Mokumoa Street Honolulu HI Hawaii Properties (A) 1,977 — — — 1,977 — 1,977 — 12/5/2003 — 214 80 Sand Island Access Road Honolulu HI Hawaii Properties (A) 7,972 — — — 7,972 — 7,972 — 12/5/2003 — 215 94-240 Pupuole Street Waipahu HI Hawaii Properties (A) 717 — — — 717 — 717 — 12/5/2003 — 216 525 N. King Street Honolulu HI Hawaii Properties (A) 1,342 — — — 1,342 — 1,342 — 12/5/2003 — 217 1360 Pali Highway Honolulu HI Hawaii Properties (A) 9,170 — 161 — 9,170 161 9,331 (146) 12/5/2003 — 218 1330 Pali Highway Honolulu HI Hawaii Properties (A) 1,423 — — — 1,423 — 1,423 — 12/5/2003 — 219 33 S. Vineyard Boulevard Honolulu HI Hawaii Properties (A) 844 — — — 844 — 844 — 12/5/2003 — 220 848 Ala Lilikoi Street Honolulu HI Hawaii Properties (A) 9,426 — — — 9,426 — 9,426 — 12/5/2003 — 221 846 Ala Lilikoi Street Honolulu HI Hawaii Properties (A) 234 — — — 234 — 234 — 12/5/2003 — 222 2635 Waiwai Loop A Honolulu HI Hawaii Properties (A) 934 350 683 — 934 1,033 1,967 (355) 12/5/2003 — 223 2635 Waiwai Loop B Honolulu HI Hawaii Properties (A) 1,177 105 682 — 1,177 787 1,964 (238) 12/5/2003 — 224 120 Sand Island Access Road Honolulu HI Hawaii Properties (A) 1,132 11,307 1,452 — 1,132 12,759 13,891 (5,624) 11/23/2004 2004 225 91-222 Olai Kapolei HI Hawaii Properties (B) 2,035 — 77 — 2,035 77 2,112 (3) 6/15/2005 — 226 91-265 Hanua Kapolei HI Hawaii Properties (B) 1,569 — — — 1,569 — 1,569 — 6/15/2005 — 227 91-255 Hanua Kapolei HI Hawaii Properties (B) 1,230 — 35 — 1,230 35 1,265 (8) 6/15/2005 — 228 91-241 Kalaeloa Kapolei HI Hawaii Properties (B) 426 3,983 883 — 426 4,866 5,292 (2,002) 6/15/2005 1990 229 91-141 Kalaeloa Kapolei HI Hawaii Properties (B) 11,624 — — — 11,624 — 11,624 — 6/15/2005 — 230 91-250 Komohana Kapolei HI Hawaii Properties (B) 1,506 — — — 1,506 — 1,506 — 6/15/2005 — 231 91-202 Kalaeloa Kapolei HI Hawaii Properties (B) 1,722 — 326 — 1,722 326 2,048 (77) 6/15/2005 1964 232 91-080 Hanua Kapolei HI Hawaii Properties (B) 2,187 — — — 2,187 — 2,187 — 6/15/2005 — 233 91-027 Kaomi Loop Kapolei HI Hawaii Properties (B) 2,667 — — — 2,667 — 2,667 — 6/15/2005 — INDUSTRIAL LOGISTICS PROPERTIES TRUST SCHEDULE III REAL ESTATE AND ACCUMULATED DEPRECIATION (Continued) December 31, 2022 (dollars in thousands) Initial Cost to Gross Amount Carried at Company Costs Close of Period (4) Buildings Capitalized Buildings Original and Subsequent to Impairment/ and Accumulated Date Construction Property Location State Property Type Encumbrances (1) Land Equipment Acquisition Writedowns (2) Land Equipment Total (2) Depreciation (3) Acquired Date 234 91-185 Kalaeloa Kapolei HI Hawaii Properties (B) 1,761 — 81 — 1,761 81 1,842 (2) 6/15/2005 — 235 91-329 Kauhi Kapolei HI Hawaii Properties (B) 294 2,297 2,783 — 294 5,080 5,374 (2,165) 6/15/2005 1980 236 91-399 Kauhi Kapolei HI Hawaii Properties (B) 27,405 — — — 27,405 — 27,405 — 6/15/2005 — 237 91-086 Kaomi Loop Kapolei HI Hawaii Properties 13,884 — — — 13,884 — 13,884 — 6/15/2005 — 238 91-349 Kauhi Kapolei HI Hawaii Properties (B) 649 — — — 649 — 649 — 6/15/2005 — 239 91-400 Komohana Kapolei HI Hawaii Properties (B) 1,494 — — — 1,494 — 1,494 — 6/15/2005 — 240 91-174 Olai Kapolei HI Hawaii Properties (B) 962 — 47 — 962 47 1,009 (28) 6/15/2005 — 241 91-218 Olai Kapolei HI Hawaii Properties (B) 1,622 — 62 — 1,622 62 1,684 (34) 6/15/2005 — 242 91-175 Olai Kapolei HI Hawaii Properties (B) 1,243 — 87 — 1,243 87 1,330 (32) 6/15/2005 — 243 91-210 Olai Kapolei HI Hawaii Properties (B) 706 — — — 706 — 706 — 6/15/2005 — 244 91-087 Hanua Kapolei HI Hawaii Properties (B) 381 — — — 381 — 381 — 6/15/2005 — 245 91-083 Hanua Kapolei HI Hawaii Properties (B) 716 — — — 716 — 716 — 6/15/2005 — 246 91-091 Hanua Kapolei HI Hawaii Properties (B) 552 — — — 552 — 552 — 6/15/2005 — 247 91-220 Kalaeloa Kapolei HI Hawaii Properties (B) 242 1,457 155 — 242 1,612 1,854 (677) 6/15/2005 1991 248 91-252 Kauhi Kapolei HI Hawaii Properties (B) 536 — — — 536 — 536 — 6/15/2005 — 249 91-259 Olai Kapolei HI Hawaii Properties (B) 2,944 — — — 2,944 — 2,944 — 6/15/2005 — 250 91-238 Kauhi Kapolei HI Hawaii Properties (B) 1,390 — 9,495 — 1,390 9,495 10,885 (3,594) 6/15/2005 1981 251 91-416 Komohana Kapolei HI Hawaii Properties (B) 713 — 11 — 713 11 724 (5) 6/15/2005 — 252 91-410 Komohana Kapolei HI Hawaii Properties (B) 418 — 12 — 418 12 430 (6) 6/15/2005 — 253 91-300 Hanua Kapolei HI Hawaii Properties (B) 1,381 — 18 — 1,381 18 1,399 (2) 6/15/2005 1994 254 91-171 Olai Kapolei HI Hawaii Properties (B) 218 — 13 — 218 13 231 (7) 6/15/2005 — 255 91-210 Kauhi Kapolei HI Hawaii Properties (B) 567 — 663 — 567 663 1,230 (43) 6/15/2005 1990 256 91-110 Kaomi Loop Kapolei HI Hawaii Properties (B) 1,293 — — — 1,293 — 1,293 — 6/15/2005 — 257 91-102 Kaomi Loop Kapolei HI Hawaii Properties (B) 1,599 — — — 1,599 — 1,599 — 6/15/2005 — 258 91-064 Kaomi Loop Kapolei HI Hawaii Properties (B) 1,826 — — — 1,826 — 1,826 — 6/15/2005 — 259 91-119 Olai Kapolei HI Hawaii Properties (B) 1,981 — — — 1,981 — 1,981 — 6/15/2005 — 260 91-150 Kaomi Loop Kapolei HI Hawaii Properties (B) 3,159 — — — 3,159 — 3,159 — 6/15/2005 — 261 Texaco Easement Kapolei HI Hawaii Properties 2,657 — — — 2,657 — 2,657 — 6/15/2005 — 262 Tesaro 967 Easement Kapolei HI Hawaii Properties 6,593 — — — 6,593 — 6,593 — 6/15/2005 — INDUSTRIAL LOGISTICS PROPERTIES TRUST SCHEDULE III REAL ESTATE AND ACCUMULATED DEPRECIATION (Continued) December 31, 2022 (dollars in thousands) Initial Cost to Gross Amount Carried at Company Costs Close of Period (4) Buildings Capitalized Buildings Original and Subsequent to Impairment/ and Accumulated Date Construction Property Location State Property Type Encumbrances (1) Land Equipment Acquisition Writedowns (2) Land Equipment Total (2) Depreciation (3) Acquired Date 263 AES HI Easement Kapolei HI Hawaii Properties 1,250 — — — 1,250 — 1,250 — 6/15/2005 — 264 Other Easements & Lots Kapolei HI Hawaii Properties 358 — 1,437 — 358 1,437 1,795 (682) 6/15/2005 — 265 889 Ahua Street Honolulu HI Hawaii Properties (A) 5,888 315 — — 5,888 315 6,203 (80) 11/21/2012 — 266 951 Trails Road Eldridge IA Mainland Properties (D) 470 7,480 2,278 — 470 9,758 10,228 (3,450) 4/2/2007 1994 267 2300 North 33rd Avenue East Newton IA Mainland Properties (B) 500 13,236 117 — 500 13,353 13,853 (4,802) 9/29/2008 2008 268 3425 Maple Drive Fort Dodge IA Mainland Properties (B) 100 2,000 — — 100 2,000 2,100 (213) 4/9/2019 2014 269 4401 112th Street Urbandale IA Mainland Properties (C) 800 3,117 — — 800 3,117 3,917 (132) 2/25/2022 1985 270 7121 South Fifth Avenue Pocatello ID Mainland Properties (B) 400 4,201 581 — 400 4,782 5,182 (896) 1/29/2015 2007 271 2580 Technology Drive Elgin IL Mainland Properties (B) 1,500 9,068 16 (3,053) 1,067 6,464 7,531 (164) 2/25/2022 2001 272 5795 Logistics Parkway Rockford IL Mainland Properties (B) 400 3,368 — (688) 327 2,753 3,080 (46) 2/25/2022 1998 273 1602 Vincent Drive Sauget IL Mainland Properties (C) 1,400 27,028 444 — 1,400 27,472 28,872 (676) 2/25/2022 2014 274 6 Konzen Court Granite City IL Mainland Properties (C) 900 20,268 15 — 900 20,283 21,183 (861) 2/25/2022 2001 275 1000 Knell Road Montgomery IL Mainland Properties (C) 2,101 19,258 — — 2,101 19,258 21,359 (655) 2/25/2022 2000 276 1430 South Wolf Road Wheeling IL Mainland Properties (C) 4,702 19,641 (1) — 4,701 19,641 24,342 (477) 2/25/2022 2003 277 1270 North Wi

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation. These consolidated financial statements include the accounts of us and our subsidiaries. All intercompany transactions and balances with or among our consolidated subsidiaries have been eliminated.
Real Estate Properties	Real Estate Properties. We record properties at cost. Our real estate investments in lands are not depreciated. We calculate depreciation on other real estate investments on a straight line basis over estimated useful lives generally ranging from seven We recognize impairment losses on real estate investments when indicators of impairment are present and the estimated undiscounted cash flow from our real estate investments is less than the carrying amount of such real estate investments. Impairment indicators may include declining tenant occupancy, lack of progress releasing vacant space, tenant bankruptcies, low long term prospects for improvement in property performance, weak or declining tenant profitability, cash flow or liquidity, our decision to dispose of an asset before the end of its estimated useful life and legislative, market or industry changes that could permanently reduce the value of a property. We review our properties for impairment quarterly, or whenever events or changes in circumstances indicate that carrying amounts may not be recoverable. If indicators of impairment are present, we evaluate the carrying value of the related property by comparing it to the expected future undiscounted cash flows expected to be generated from that property. The future net undiscounted cash flows are subjective and are based in part on assumptions regarding hold periods, market rents and terminal capitalization rates. If the sum of these expected future undiscounted cash flows is less than the carrying value, we reduce the net carrying value of the property to its estimated fair value. The determination of undiscounted cash flow includes consideration of many factors including income to be earned from the investment, holding costs (exclusive of interest), estimated selling prices, and prevailing economic and market conditions. Certain of our industrial lands in Hawaii may require environmental remediation, especially if the use of those lands is changed; however, we do not have any present plans to change the use of those lands or to undertake this environmental cleanup. As of both December 31, 2022 and 2021, accrued environmental remediation costs of $6,940 were included in accounts payable and other liabilities in our consolidated balance sheets. These accrued environmental remediation costs relate to maintenance of our properties for current uses, and, because of the indeterminable timing of the remediation, these amounts have not been discounted to present value. In general, we do not have any insurance designated to limit any losses that we may incur as a result of known or unknown environmental conditions which are not caused by an insured event, such as, for example, fire or flood, although some of our tenants may maintain such insurance that may benefit us. Although we do not believe that there are environmental conditions at any of our properties that will have a material adverse effect on us, we cannot
Capitalization Policy	Capitalization Policy. Costs directly related to the development of properties are capitalized. We capitalize development costs, including interest, real estate taxes, insurance, and other project costs, incurred during the period of development. Determinations of when a development project commences and capitalization begins, and when a development project is substantially complete and held available for occupancy and capitalization must cease, involve judgments. We begin the capitalization of costs during the pre-construction period, which we consider to begin when activities that are necessary to the development of the property commence. We consider a development project as substantially completed and held available for occupancy upon the completion of tenant improvements, but no later than one year from cessation of major construction activity.
Cash and Cash Equivalents and Restricted Cash	Cash and Cash Equivalents. We consider highly liquid investments with original maturities of three months or less at the date of purchase to be cash equivalents. Restricted Cash. Restricted cash consists of amounts escrowed for future capital expenditures as required by certain of our mortgaged properties and cash held for the operations of our consolidated joint venture in which we own a 61% equity interest.
Deferred Leasing Costs	Deferred Leasing Costs. Deferred leasing costs include capitalized brokerage costs and inducements associated with our entering leases. We amortize deferred leasing costs, which are included in depreciation and amortization expense, and inducements, which are included as a reduction to rental income, each on a straight line basis over the terms of the respective leases. Legal costs associated with the execution of our leases are expensed as incurred and included in general and administrative expenses in our consolidated statements of comprehensive income (loss).
Debt Issuance Costs	Debt Issuance Costs. Debt issuance costs include capitalized issuance costs related to borrowings, which are amortized to interest expense over the terms of the respective loans.
Derivative Instruments and Hedging Activities	Derivative Instruments and Hedging Activities. We account for our derivative instruments at fair value. Accounting for changes in the fair value of a derivative instrument depends on the intended use of the derivative instrument and the designation of the derivative instrument. The change in fair value of the effective portion of the derivative instrument that is not designated as a hedge or that does not meet the hedge accounting criteria is recorded as a gain or loss to operations. Partially Owned Entities. We consolidate entities in which we have a controlling financial interest. In determining whether we have a controlling financial interest in a partially owned entity and the requirement to consolidate the accounts of that entity, we consider (i) whether the entity is a variable interest entity, or VIE, in which we are the primary beneficiary or (ii) whether the entity is a voting interest entity in which we have a majority of the voting interests of the entity. We are deemed to be the primary beneficiary of a VIE when we have (i) the power to direct the activities of the VIE that most significantly impact the VIE’s economic performance and (ii) the obligation to absorb losses or receive benefits that could potentially be significant to the VIE. We generally do not control a partially owned entity if the approval of all of the partners/members is contractually required with respect to decisions that most significantly impact the performance of the partially owned entity. This includes decisions regarding operating/capital budgets, and the placement of new or additional financing secured by the assets of the
Equity Method Investments	Equity Method Investments. We own a 22% equity interest in an unconsolidated joint venture which owns 18 properties. The properties owned by the unconsolidated joint venture are encumbered by an aggr egate $503,980 o f mo
Revenue Recognition	Revenue Recognition. We are a lessor of industrial and logistics properties. Our leases provide our tenants with the contractual right to use and economically benefit from all the physical space specified in their respective leases; therefore, we have determined to evaluate our leases as lease arrangements. Our leases provide for base rent payments and may also include variable payments. Rental income from operating leases, including any payments derived by index or market based indices, is recognized on a straight line basis over the lease term when we have determined that the collectability of substantially all the lease payments is probable. Some of our leases have options to extend or terminate the lease exercisable at the option of our tenants, which are considered when determining the lease term. Certain of our leases contain non-lease components, such as property level operating expenses and capital expenditures reimbursed by our tenants as well as other required lease payments. We have determined that all our leases qualify for the practical expedient to not separate the lease and non-lease components because (i) the lease components are operating leases and (ii) the timing and pattern of recognition of the non-lease components are the same as those of the lease components. We apply ASC 842, Leases , to the combined component. Income derived by our leases is recorded in rental income in our consolidated statements of comprehensive income (loss). Certain tenants are obligated to pay directly their obligations under their leases for insurance, real estate taxes and certain other expenses. These obligations, which have been assumed by the tenants under the terms of their respective leases, are not reflected in our consolidated financial statements. To the extent any tenant responsible for any such obligations under the applicable lease defaults on such lease or if it is deemed probable that the tenant will fail to pay for such obligations, we would record a liability for such obligations.
Income Taxes	Income Taxes. We have elected to be taxed as a REIT under the United States Internal Revenue Code of 1986, as amended, and, accordingly, we generally are not, and will not be, subject to federal income taxes provided we distribute our taxable income and meet certain organization and operating requirements to qualify for taxation as a REIT. We are, however, subject to certain state and local taxes.
Use of Estimates	Use of Estimates. Preparation of these financial statements in conformity with U.S. generally accepted accounting principles, or GAAP, requires us to make estimates and assumptions that may affect the amounts reported in these consolidated financial statements and related notes.
Right of Use Asset and Lease Liability	Right of Use Asset and Lease Liability. In connection with our acquisition of MNR, we assumed the lease for MNR’s former corporate headquarters, which expires on December 31, 2029, or the MNR lease, and three of the properties we acquired as part of the MNR acquisition were subject to ground leases under which we are the lessee. For leases under which we are the lessee, we are required to record a right of use asset and lease liability for all leases with a term greater than 12 months. As of December 31, 2022, the values of the right of use asset and related liability representing our future obligations under the lease arrangements under which we are the lessee were $5,084 and $5,149, respectively. The right of use asset and related lease liability are included in other assets other liabilities Generally, payments of ground lease obligations are made by our tenants. However, if a tenant does not perform obligations under a ground lease or does not renew any ground lease, we may have to perform obligations under, or renew, the ground lease in order to protect our investment in the affected property.
Cumulative Other Comprehensive Income (Loss)	Cumulative Other Comprehensive Income (Loss). Cumulative other comprehensive income (loss) represents our share of the cumulative comprehensive income and losses of our equity method investees.
Net Income (Loss) Per Common Share	Net Income (Loss) Per Common Share. We calculate basic earnings per common share by dividing net income (loss) by the weighted average number of common shares outstanding during the period. We calculate diluted net income (loss) per share using the more dilutive of the two class method or the treasury stock method. Unvested share awards and other potentially dilutive common shares and the related impact on earnings are considered when calculating diluted earnings per share.
Noncontrolling Interests	Noncontrolling Interests. Noncontrolling interests represent the share of our consolidated joint venture owned by a third party. We recognize the noncontrolling holder’s share of the estimated fair value of the net assets at the date of formation or acquisition. Noncontrolling interests are subsequently adjusted for the noncontrolling holder’s share of additional contributions, distributions and their share of the net earnings or losses of our consolidated joint venture. We allocate net income (loss) to noncontrolling interests based on ownership interest during the period. The net income (loss) that is not attributable to us is reflected in the line item net loss attributable to noncontrolling interest. We do not recognize a gain or loss on transactions with the consolidated entity in which we do not own 100% of the equity and recognize the difference between the carrying amount of the noncontrolling interest and the consideration paid or received as additional paid-in-capital.
Segment Reporting	Segment Reporting. We operate in one business segment: ownership and leasing of properties that include industrial and logistics buildings and leased industrial lands.
Reclassifications	Reclassifications. Reclassifications have been made to the prior years’ consolidated financial statements to conform to the current year’s presentations.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Schedule of acquired real estate leases and assumed real estate lease obligations	As of December 31, 2022 and 2021, our acquired real estate leases and assumed real estate lease obligations were as follows: December 31, 2022 2021 Acquired real estate leases: Capitalized above market lease values $ 31,313 $ 20,725 Less: accumulated amortization (15,598) (13,225) Capitalized above market lease values, net 15,715 7,500 Lease origination value 384,496 122,945 Less: accumulated amortization (102,766) (67,004) Lease origination value, net 281,730 55,941 Acquired real estate leases, net $ 297,445 $ 63,441 Assumed real estate lease obligations: Capitalized below market lease values $ 42,600 $ 33,674 Less: accumulated amortization (20,077) (21,239) Assumed real estate lease obligations, net $ 22,523 $ 12,435

Real Estate Investments (Tables

Real Estate Investments (Tables)	12 Months Ended
	Dec. 31, 2022
Real Estate [Abstract]
Schedule of Purchase Price Allocation	The following table summarizes the purchase price allocation for the Merger: Land $ 430,818 Buildings 3,035,309 Acquired real estate leases (1) 294,576 Cash 8,814 Other assets, net 14,194 Securities available for sale (2) 146,550 Total assets 3,930,261 Mortgage notes payable, at fair value (323,432) Accounts payable and other liabilities (25,327) Assumed real estate lease obligations (17,829) Equity attributable to noncontrolling interest on the joint venture (3,827) Net assets acquired 3,559,846 Assumed working capital (144,230) Assumed mortgage notes payable, principal 323,432 Purchase price $ 3,739,048 (1) As of the date of acquisition, the weighted average amortization periods for the above market lease values, lease origination value and capitalized below market lease values were 11.1 years, 8.5 years and 7.8 years, respectively. We allocated the purchase price for this acquisition based on the estimated fair value of the acquired assets as follows: Purchase Buildings and Acquired Real Estate Price Land Improvements Leases $ 38,053 $ 3,818 $ 30,780 $ 3,455 Number Rentable Buildings Acquired Acquired of Square Purchase and Real Estate Real Estate Date Market Area Properties Feet Price Land Improvements Leases Lease Obligations May 2021 Dallas, TX 1 — $ 2,319 $ 2,319 $ — $ — $ — June 2021 Columbus, OH 1 357,504 31,762 1,491 27,407 2,864 — August 2021 Memphis, TN 3 1,287,004 100,649 5,922 87,600 7,192 (65) 5 1,644,508 $ 134,730 $ 9,732 $ 115,007 $ 10,056 $ (65) Number Rentable Buildings Acquired of Square Purchase and Real Estate Date Market Area Properties Feet Price Land Improvements Leases February 2020 Phoenix, AZ 1 820,384 $ 71,628 $ 11,214 $ 54,676 $ 5,738 December 2020 Kansas City, KS 1 645,462 44,185 5,740 32,701 5,744 2 1,465,846 $ 115,813 $ 16,954 $ 87,377 $ 11,482
Schedule of Property Dispositions	As a result, the results of operations of this property was included in continuing operations through the date of sale in our consolidated statements of comprehensive income (loss). Number of Square Gross Gain on Sale of Date of Sale Properties Location Feet Sale Price (1) Real Estate December 2020 1 Winchester, VA 308,217 $ 10,775 $ 581 (1) Gross sale price is the gross contract price, adjusted for purchase price adjustments, if any, and excluding closing costs.
Schedule of Joint Venture Activities	As of December 31, 2022, we had equity investments in our joint ventures that consist of the following: ILPT Carrying Value ILPT of Investment Number of Square Joint Venture Presentation Ownership at December 31, 2022 Properties Location Feet Mountain Industrial REIT LLC Consolidated 61% N/A 94 Various 20,980,664 The Industrial Fund REIT LLC Unconsolidated 22% $ 124,358 18 Various 11,726,137

Leases (Tables)

Leases (Tables)	12 Months Ended
	Dec. 31, 2022
Leases [Abstract]
Schedule of Operating Lease Maturities	The following operating lease maturity analysis presents the future contractual lease payments to be received by us through 2064 as of December 31, 2022: Year Amount 2023 $ 342,082 2024 329,996 2025 307,225 2026 287,847 2027 266,822 Thereafter 1,833,081 $ 3,367,053

Indebtedness (Tables)

Indebtedness (Tables)	12 Months Ended
	Dec. 31, 2022
Debt Disclosure [Abstract]
Schedule of outstanding indebtedness	As of December 31, 2022 and 2021, our outstanding indebtedness consisted of the following: Net Book Value Principal Balance as of of Collateral December 31, December 31, Interest At December 31, Entity Type Secured By: 2022 (1) 2021 (1) Rate Maturity 2022 ILPT Revolving credit facility (2) Unsecured $ — $ 182,000 N/A N/A $ — ILPT Floating Rate - Interest only (3) 104 Properties 1,235,000 — 6.18% 10/09/24 1,071,815 ILPT Fixed Rate - Interest only 186 Properties 650,000 650,000 4.31% 02/07/29 490,416 ILPT Fixed Rate - Interest only 17 Properties 700,000 — 4.42% 03/09/32 518,806 Mountain JV (4) Floating Rate - Interest only (5) 82 Properties 1,400,000 — 6.17% 03/09/24 1,909,185 Mountain JV (4) Fixed Rate - Amortizing One Property 13,556 — 3.76% 10/01/28 63,314 Mountain JV (4) Fixed Rate - Amortizing One Property 4,865 — 3.77% 04/01/30 39,724 Mountain JV (4) Fixed Rate - Amortizing One Property 5,145 — 3.85% 04/01/30 39,724 Mountain JV (4) Fixed Rate - Amortizing One Property 14,392 — 3.56% 09/01/30 50,825 Mountain JV (4) Fixed Rate - Amortizing One Property 12,691 — 3.67% 05/01/31 30,800 Mountain JV (4) Fixed Rate - Amortizing One Property 14,144 — 4.14% 07/01/32 44,777 Mountain JV (4) Fixed Rate - Amortizing One Property 30,949 — 4.02% 10/01/33 87,143 Mountain JV (4) Fixed Rate - Amortizing One Property 43,219 — 4.13% 11/01/33 131,539 Mountain JV (4) Fixed Rate - Amortizing One Property 26,175 — 3.10% 06/01/35 47,718 Mountain JV (4) Fixed Rate - Amortizing One Property 42,087 — 2.95% 01/01/36 101,896 Mountain JV (4) Fixed Rate - Amortizing One Property 46,109 — 4.27% 11/01/37 113,063 Mountain JV (4) Fixed Rate - Amortizing One Property 52,031 — 3.25% 01/01/38 116,607 Total indebtedness 4,290,363 832,000 $ 4,857,352 Unamortized debt issuance costs (45,862) (3,876) Total indebtedness, net $ 4,244,501 $ 828,124 (1) The principal balances are the amounts stated in contracts. In accordance with GAAP, our carrying values and recorded interest expense may be different because of market conditions at the time we assumed certain of these debts. (2) In February 2022, we repaid the outstanding principal balance under our $750,000 unsecured revolving credit facility and then terminated the agreement governing the facility in accordance with its terms and without penalty. (3) This loan matures in October 2024, subject to three, one year extension options, and requires that interest be paid at an annual rate of SOFR plus a weighted average premium of 3.93%. We also purchased an interest rate cap through October 2024 with a SOFR strike rate equal to 2.25%. (4) Mountain JV is Mountain Industrial REIT LLC, our consolidated joint venture, in which we own a 61% equity interest . For more information regarding this joint venture, see Notes 2, 3, 6, 9, 10 and 11. (5) This loan matures in March 2024, subject to three, one year extension options, and requires that interest be paid at an annual rate of SOFR plus a premium of 2.77%. We also purchased an interest rate cap through March 2024 with a SOFR strike rate equal to 3.40%. The following table provides a summary of the mortgage debts of the unconsolidated joint venture: Principal Balance Interest at December 31, Joint Venture (Unconsolidated) Rate Maturity Date 2022 (1) Mortgage notes payable (secured by one property in Florida) 3.60% (2) 10/1/2023 $ 56,980 Mortgage notes payable (secured by 11 other properties in eight states) 3.33% (2) 11/7/2029 350,000 Mortgage notes payable (secured by 5 properties in four states) 5.30% 10/1/2027 97,000 Weighted average/total 3.74% (2) $ 503,980 (1) Amounts are not adjusted for our minority interest; none of the debt is recourse to us. (2) Includes the effect of mark to market purchase accounting.
Schedule of the principal payments due under the outstanding debt	The required principal payments due during the next five years and thereafter under all our outstanding debt as of December 31, 2022 are as follows: Principal Year Payment 2023 $ 22,428 2024 2,658,268 2025 24,141 2026 25,047 2027 25,988 Thereafter 1,534,491 $ 4,290,363 (1) (1) Total debt outstanding as of December 31, 2022, including unamortized debt issuance costs of $45,862, was $4,244,501.

Fair Value of Assets and Liab_2

Fair Value of Assets and Liabilities (Tables)	12 Months Ended
	Dec. 31, 2022
Fair Value Disclosures [Abstract]
Schedule of carrying value and the estimated fair market value of mortgage notes payable	At December 31, 2022 and 2021, the fair value of our financial instruments approximated their carrying values in our consolidated financial statements, due to their short term nature or floating interest rates, except as follows: At December 31, 2022 At December 31, 2021 Carrying Estimated Carrying Estimated Value (1) Fair Value Value (1) Fair Value Fixed rate loan, 3.76% interest rate, due in 2028 $ 13,556 $ 12,784 $ — $ — Fixed rate loan, 4.31% interest rate, due in 2029 646,669 592,295 646,124 709,198 Fixed rate loan, 3.77% interest rate, due in 2030 4,865 4,553 — — Fixed rate loan, 3.85% interest rate, due in 2030 5,145 4,829 — — Fixed rate loan, 3.56% interest rate, due in 2030 14,392 13,315 — — Fixed rate loan, 3.67% interest rate, due in 2031 12,691 11,713 — — Fixed rate loan, 4.42% interest rate, due in 2032 694,704 623,133 — — Fixed rate loan, 4.14% interest rate, due in 2032 14,144 13,182 — — Fixed rate loan, 4.02% interest rate, due in 2033 30,949 28,195 — — Fixed rate loan, 4.13% interest rate, due in 2033 43,219 39,573 — — Fixed rate loan, 3.10% interest rate, due in 2035 26,175 22,373 — — Fixed rate loan, 2.95% interest rate, due in 2036 42,087 35,444 — — Fixed rate loan, 4.27% interest rate, due in 2037 46,109 41,880 — — Fixed rate loan, 3.25% interest rate, due in 2038 52,031 43,878 — — $ 1,646,736 $ 1,487,147 $ 646,124 $ 709,198 (1) Includes unamortized debt issuance costs, premiums and discounts of $8,627 and $3,876 as of December 31, 2022 and 2021, respectively.
Fair value measurements on a nonrecurring basis	The table below presents certain of our assets measured on a recurring and non-recurring basis at fair value at December 31, 2022 and 2021, categorized by the level of inputs as defined in the fair value hierarchy under GAAP, used in the valuation of each asset: Quoted Prices in Significant Other Significant Active Markets for Observable Unobservable Identical Assets Inputs Inputs Total (Level 1) (Level 2) (Level 3) At December 31, 2022 Recurring fair value measurements Investment in unconsolidated joint venture (1) $ 124,358 $ — $ — $ 124,358 Interest rate cap derivatives (2) $ 73,133 $ — $ 73,133 $ — Non-recurring fair value measurements Real estate properties (3) $ 555,123 $ — $ — $ 555,123 At December 31, 2021 Recurring fair value measurements Investment in unconsolidated joint venture (1) $ 143,021 $ — $ — $ 143,021 (1) We own a 22% equity interest in a joint venture that owns 18 properties and is included in investment in unconsolidated joint venture in our consolidated balance sheet, and is reported at fair value, which is based on significant unobservable inputs (Level 3 inputs). The significant unobservable inputs used in the fair value are discount rates of between 5.25% and 7.00%, exit capitalization rates of between 4.75% and 6.00%, direct capitalization rates of between 5.25% and 7.00%, holding periods of approximately 10 years and market rents. Our assumptions are based on the location, type and nature of each property, and current and anticipated market conditions, which are derived from appraisers, industry publications and our experience. See Notes 2, 3, 5, 9, 10 and 11 for more information regarding our joint ventures. (2) Our derivative assets are carried at fair value as required by GAAP. The estimated fair values of the derivative assets are based on current market prices in secondary markets for similar derivative contracts, (Level 2 inputs). See Notes 5 and 11 for more information regarding our derivatives and hedging activities. (3) We recorded a loss on impairment of real estate of $100,747 to reduce the carrying value of 25 properties in our consolidated balance sheet to their estimated fair value, based on third party offers (Level 3 inputs as defined in the fair value hierarchy under GAAP), due to a change in plans to sell and the reclassification of those properties from held for sale to held and used. See Notes 2 and 3 for more information regarding our investing and financing activities, including our acquisition of MNR.

Shareholders' Equity (Tables)

Shareholders' Equity (Tables)	12 Months Ended
	Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]
Summary of shares granted and vested	A summary of shares awarded, vested and forfeited under the terms of the 2018 Plan for the years ended December 31, 2022, 2021 and 2020 is as follows: Year Ended December 31, 2022 December 31, 2021 December 31, 2020 Weighted Weighted Weighted Average Average Average Number Grant Date Number Grant Date Number Grant Date of Shares Fair Value of Shares Fair Value of Shares Fair Value Unvested at beginning of year 192,380 $ 24.15 162,200 $ 22.37 108,200 $ 22.08 Granted 197,800 7.85 139,800 25.93 139,100 22.01 Vested (127,480) 17.44 (108,920) 23.78 (84,520) 21.41 Forfeited (1,900) 24.55 (700) 22.24 (580) 22.20 Unvested at end of year 260,800 $ 15.07 192,380 $ 24.15 162,200 $ 22.37
Summary of distributions paid on common shares	During the years ended December 31, 2022, 2021 and 2020, we paid distributions on our common shares as follows: Annual Per Characterization of Distribution Share Total Return of Ordinary Capital Year Distribution Distribution Capital Income Gain 2022 $ 0.68 $44,477 89.7 % 9.6 % 0.7 % 2021 $ 1.32 $86,236 — % 93.2 % 6.8 % 2020 $ 1.32 $86,089 — % 71.0 % 29.0 %

Per Common Shares Amounts (Tabl

Per Common Shares Amounts (Tables)	12 Months Ended
	Dec. 31, 2022
Weighted Average Number of Shares Outstanding Reconciliation [Abstract]
Schedule of weighted average common shares, basic and diluted	The calculation of basic and diluted earnings per share is as follows: Year Ended December 31, 2022 2021 2020 Numerators: Net (loss) income attributable to common shareholders $ (226,723) $ 119,682 $ 82,071 Loss attributable to unvested participating securities (131) (307) (154) Net (loss) income attributable to common shareholders used in calculating earnings per share $ (226,854) $ 119,375 $ 81,917 Denominators: Weighted average common shares for basic earnings per share 65,248 65,169 65,104 Effect of dilutive securities: unvested share awards — 42 10 Weighted average common shares for diluted earnings per share 65,248 65,211 65,114 Net (loss) income attributable to common shareholders per common share - basic and diluted $ (3.47) $ 1.83 $ 1.26

Derivatives and Hedging Activ_2

Derivatives and Hedging Activities (Tables)	12 Months Ended
	Dec. 31, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Summary of interest rate swap derivatives	The following table summarizes the terms of our outstanding interest rate cap agreements designated as cash flow hedges of interest rate risk as of December 31, 2022: Interest Rate Derivative Balance Sheet Line Item Underlying Instrument Number of Instruments Strike Rate Notional Amount Fair Value at December 31, 2022 Interest Rate Cap Other assets Floating Rate Loan (1) 1 3.40% $ 1,400,000 $ 23,337 Interest Rate Cap Other assets ILPT Floating Rate Loan 2 2.25% $ 1,235,000 $ 49,796 (1) The Floating Rate Loan was entered into by our consolidated joint venture.
Schedule of effects on consolidated statements of income and comprehensive income	Year Ended December 31, 2022 Amount of gain recognized in cumulative other comprehensive income (loss) $ 34,825 Amount reclassified from cumulative other comprehensive income (loss) into interest expense 2,330 Amount reclassified from cumulative other comprehensive income (loss) into loss on early extinguishment of debt (6,961) Unrealized gain on derivative instrument recognized in cumulative other comprehensive income $ 30,194

Organization (Details)

Organization (Details)	Dec. 31, 2022 ft² property state building	Feb. 25, 2022
Subsidiary, Sale of Stock [Line Items]
Number of properties owned | property	413
Rentable square feet (in sqft)	59,983,000
12 Mainland Properties
Subsidiary, Sale of Stock [Line Items]
Rentable square feet (in sqft)	11,726,000
Number of states where real estate is located | state	12
Ownership interest	22%
Number of properties contributed | property	18
Consolidated Entity, Excluding Consolidated VIE | Mountain Industrial REIT LLC
Subsidiary, Sale of Stock [Line Items]
Number of properties owned | property	94
Rentable square feet (in sqft)	20,980,664
Ownership interest	61%	61%
Hawaii
Subsidiary, Sale of Stock [Line Items]
Rentable square feet (in sqft)	16,729,000
Number of buildings, leasable lands and easements owned | building	226
Mainland Properties
Subsidiary, Sale of Stock [Line Items]
Number of properties owned | property	187
Rentable square feet (in sqft)	43,254,000
Number of states where real estate is located | state	38

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Basis of Presentation (Details) - property		1 Months Ended	12 Months Ended
	Feb. 25, 2022	Jul. 31, 2022	Dec. 31, 2022
Consolidated Entity, Excluding Consolidated VIE | Mountain Industrial REIT LLC
Variable Interest Entity [Line Items]
Ownership interest	61%		61%
Monmouth Real Estate Investment Corporation
Variable Interest Entity [Line Items]
Number of properties	95	1	94
Number of properties acquired but aren't yet completed	2	2

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Real Estate Properties (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Property, Plant and Equipment [Line Items]
2023	$ 52,698
2024	43,248
2025	34,950
2026	28,506
2027	25,962
Thereafter	89,558
Accrued environmental remediation cost	$ 6,940	$ 6,940
Minimum
Property, Plant and Equipment [Line Items]
Estimated useful lives (in years)	7 years
Maximum
Property, Plant and Equipment [Line Items]
Estimated useful lives (in years)	40 years
Increases in rental income	$ 4,544	781	$ 791
Amortization of the value of acquired in place leases	$ 53,113	$ 17,437	$ 25,364
Weighted Average
Property, Plant and Equipment [Line Items]
Amortization period of capitalized below market lease values (in years)	7 years 2 months 12 days
Above market lease | Weighted Average
Property, Plant and Equipment [Line Items]
Amortization periods for capitalized above market lease and lease origination values (in years)	9 years 4 months 24 days
Acquired Real Estate Leases | Weighted Average
Property, Plant and Equipment [Line Items]
Amortization periods for capitalized above market lease and lease origination values (in years)	7 years 9 months 18 days

Summary of Significant Accoun_6

Summary of Significant Accounting Policies - Summary of Acquired Real Estate Leases and Assumed Real Estate Lease Obligations (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Acquired real estate leases:
Acquired real estate leases, net	$ 297,445	$ 63,441
Assumed real estate lease obligations:
Capitalized below market lease values	42,600	33,674
Less: accumulated amortization	(20,077)	(21,239)
Assumed real estate lease obligations, net	22,523	12,435
Above market lease
Acquired real estate leases:
Acquired real estate leases, gross	31,313	20,725
Less: accumulated amortization	(15,598)	(13,225)
Acquired real estate leases, net	15,715	7,500
Acquired Real Estate Leases
Acquired real estate leases:
Acquired real estate leases, gross	384,496	122,945
Less: accumulated amortization	(102,766)	(67,004)
Acquired real estate leases, net	$ 281,730	$ 55,941

Summary of Significant Accoun_7

Summary of Significant Accounting Policies - Deferred Leasing Costs (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Accounting Policies [Abstract]
Deferred leasing costs	$ 22,371	$ 12,918
Accumulated amortization of deferred leasing costs	4,366	$ 4,035
Future amortization of deferred leasing costs to be recognized during the current terms of the existing leases
2023	2,199
2024	2,156
2025	1,926
2026	1,786
2027	1,723
Thereafter	$ 8,215

Summary of Significant Accoun_8

Summary of Significant Accounting Policies - Debt Issuance Costs and Other Narrative Items (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($) property segment	Feb. 25, 2022 property	Dec. 31, 2021 USD ($)
Debt Instrument [Line Items]
Debt issuance costs, line of credit			$ 6,711
Debt issuance costs, accumulated amortization			5,907
Future amortization expense of debt issuance costs, 2023	$ 27,233
Future amortization expense of debt issuance costs, 2024	12,245
Future amortization expense of debt issuance costs, 2025	1,122
Future amortization expense of debt issuance costs, 2026	1,122
Future amortization expense of debt issuance costs, 2027	1,122
Future amortization expense of debt issuance costs, Thereafter	3,019
Mortgage indebtedness	503,980
Right of use asset	5,084
Lease liability	$ 5,149
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Other assets, net
Operating Lease, Liability, Statement of Financial Position [Extensible Enumeration]	Accounts Payable and Accrued Liabilities
Number of business segments | segment	1
Monmouth Real Estate Investment Corporation
Debt Instrument [Line Items]
Rent expense, net of sublease revenue	$ 231
Monmouth Real Estate Investment Corporation
Debt Instrument [Line Items]
Properties subject to ground leases | property		3
12 Mainland Properties
Debt Instrument [Line Items]
Ownership interest	22%
Number of properties contributed | property	18
Mountain Industrial REIT LLC | Consolidated Entity, Excluding Consolidated VIE
Debt Instrument [Line Items]
Ownership interest	61%	61%
Loans Payable | Mortgage Loan 2019
Debt Instrument [Line Items]
Debt issuance cost, mortgage loan	$ 45,862		$ 3,876

Real Estate Investments - Narra

Real Estate Investments - Narrative (Details)		1 Months Ended			2 Months Ended	11 Months Ended	12 Months Ended
	Feb. 25, 2022 USD ($) ft² state property option $ / shares	Jul. 31, 2022 USD ($) ft² property	Mar. 31, 2022	Sep. 30, 2021 USD ($)	Feb. 25, 2022 USD ($) ft² property $ / shares	Nov. 30, 2020	Dec. 31, 2022 USD ($) ft² property state $ / shares	Dec. 31, 2021 USD ($) ft² property option state $ / shares	Dec. 31, 2020 USD ($) ft² property	Sep. 22, 2022 USD ($)	Oct. 31, 2020 property
Real Estate Properties
Number of properties owned | property							413
Rentable square feet (in sqft) | ft²							59,983,000
Capital expenditures incurred							$ 30,331,000	$ 10,211,000
Commitments related to tenant improvements and leasing costs							$ 20,334,000
Tenant improvements (in sqft) | ft²							7,580,000
Committed but unspent tenant related obligations							$ 25,547,000
Committed but unspent tenant related obligations expected to be spent in the next 12 months							$ 9,706,000
Common stock, par value per share (in usd per share) | $ / shares							$ 0.01	$ 0.01
Number of states where acquired properties are located | state	27
Debt outstanding							$ 4,244,501,000	$ 828,124,000
Acquisition and other transaction related costs							586,000	1,132,000	$ 19,580,000
Net loss attributable to noncontrolling interest							60,118,000	0	866,000
Equity in earnings of unconsolidated joint venture							7,078,000	40,918,000	529,000
Proceeds from noncontrolling interest, net							$ 589,411,000	$ 0	$ 107,942,000
Monmouth Real Estate Investment Corporation
Real Estate Properties
Noncontrolling interest, ownership percentage by noncontrolling owners							39%
Monmouth Real Estate Investment Corporation | Other Joint Venture Investor
Real Estate Properties
Cash distributions							$ 1,365,000
Joint venture, total assets							3,100,448,000
Joint venture, liabilities							$ 1,725,397,000
Mountain Industrial REIT LLC
Real Estate Properties
Noncontrolling interest, ownership percentage by noncontrolling owners	39%				39%
Mountain Industrial REIT LLC | Co-venturer
Real Estate Properties
Noncontrolling interest, ownership percentage by noncontrolling owners	39%				39%
Noncontrolling interest in joint ventures	$ 589,411,000				$ 589,411,000
Monmouth Real Estate Investment Corporation
Real Estate Properties
Assumed mortgage notes payable, principal	323,432,000
Repayments of debt	$ 885,269,000
Number of properties acquired but aren't yet completed | property	2	2			2
Purchase price of properties acquired but not yet completed	$ 78,843,000
Number of properties | property	95	1					94
Purchase price	$ 3,739,048,000
Net loss attributable to noncontrolling interest							$ 60,067,000
Monmouth Real Estate Investment Corporation | Common shares
Real Estate Properties
Right to receive cash (in dollars per share) | $ / shares	$ 21				$ 21
Monmouth Real Estate Investment Corporation | Series C Cumulative Redeemable Preferred Stock, 6.125%
Real Estate Properties
Preferred stock dividend rate	6.125%
Preferred stock par value per share (in dollars per share) | $ / shares	$ 0.01				0.01
Right to receive cash plus accumulated and unpaid dividends (in dollars per share) | $ / shares	$ 25				$ 25
Monmouth Real Estate Investment Corporation | Monmouth Real Estate Investment Corporation
Real Estate Properties
Rentable square feet (in sqft) | ft²	25,745,000,000				25,745,000,000
Number of real estate properties | property	124				124
Monmouth Real Estate Investment Corporation | Monmouth Real Estate Investment Corporation | Common shares
Real Estate Properties
Common stock, par value per share (in usd per share) | $ / shares	$ 0.01				$ 0.01
Revolving Credit Facility
Real Estate Properties
Number of options to extend maturity date | option								1
Extension period								6 months
Interest rate during period (as a percent)					1.41%			1.44%	2.36%
Maximum borrowing capacity of revolving credit facility	$ 750,000,000				$ 750,000,000			$ 750,000,000
Floating Rate Loan
Real Estate Properties
Number of properties used as collateral | property	82
Debt outstanding	$ 14,000				14,000
Number of options to extend maturity date | option	3
Extension period	1 year
Floating Rate Loan | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Real Estate Properties
Basis spread on variable rate (as a percent)	2.25%		3.40%
Floating Rate Loan | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate | Fixed Rate Loan, 5.62 % Due 2024
Real Estate Properties
Basis spread on variable rate (as a percent)	2.77%
Bridge Loan Facility
Real Estate Properties
Number of properties used as collateral | property	109
Debt outstanding	$ 1,385,158,000				1,385,158,000					$ 1,235,000,000
Interest rate during period (as a percent)							2.92%
Bridge Loan Facility | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Real Estate Properties
Basis spread on variable rate (as a percent)	1.75%
Fixed Rate Loan
Real Estate Properties
Number of properties used as collateral | property	17
Debt outstanding	$ 700,000,000				$ 700,000,000
Interest rate during period (as a percent)							4.42%
2021 Acquisitions
Real Estate Properties
Rentable square feet (in sqft) | ft²								1,644,508
Number of properties | property								5
Purchase price								$ 134,730,000
Real estate, acquisition costs								$ 1,030,000
2021 Acquisitions | Land
Real Estate Properties
Number of properties | property								1
2021 Acquisitions | Office and Industrial Properties
Real Estate Properties
Number of properties | property								4
2020 Acquisitions
Real Estate Properties
Number of properties | property									2
2020 Acquisitions | Office and Industrial Properties
Real Estate Properties
Rentable square feet (in sqft) | ft²									1,465,846
Number of properties | property									2
Purchase price									$ 115,813,000
Real estate, acquisition costs									$ 332,000
Affiliated Entity
Real Estate Properties
Assumed mortgage notes payable, principal	3,739,048,000
Affiliated Entity | Monmouth Real Estate Investment Corporation
Real Estate Properties
Assumed mortgage notes payable, principal	$ 323,432,000
Number of properties used as collateral | property	11
Rock Hill, SC | Land | Disposal Group, Disposed of by Sale, Not Discontinued Operations
Real Estate Properties
Gross sales price				$ 1,400,000
Gain on sale of real estate				$ 940,000
Augusta, Georgia | Monmouth Real Estate Investment Corporation
Real Estate Properties
Purchase price		$ 38,053,000
Augusta, Georgia | Consolidated Entity, Excluding Consolidated VIE | Monmouth Real Estate Investment Corporation
Real Estate Properties
Rentable square feet (in sqft) | ft²		226,000,000
Purchase price		$ 38,053,000
Acquisition and other transaction related costs		$ 53,000
Percent of property leased		100%
Remaining lease contractual term		14 years 10 months 24 days
Winchester, VA | Disposal Group, Disposed of by Sale, Not Discontinued Operations | 2020 Dispositions
Real Estate Properties
Rentable square feet (in sqft) | ft²									308,217
Gross sales price									$ 10,775,000
Gain on sale of real estate									$ 581,000
Number of properties | property									1
Somerset, New Jersey | Mountain Industrial REIT LLC
Real Estate Properties
Number of properties | property	1
Net loss attributable to noncontrolling interest							$ 51,000
Somerset, New Jersey | Mountain Industrial REIT LLC | Unrelated Third Party
Real Estate Properties
Noncontrolling interest, ownership percentage by noncontrolling owners	33%				33%
12 Mainland Properties
Real Estate Properties
Rentable square feet (in sqft) | ft²							11,726,000
Ownership interest							22%
Number of properties contributed | property							18
Number of states where real estate is located | state							12
Percentage leased							100%
Cash distributions									$ 14,049,000
Number of properties contributed | property							18				18
Ownership percentage sold						39%
Ownership interest						22%			61%
12 Mainland Properties | Variable Interest Entity, Primary Beneficiary
Real Estate Properties
Net loss attributable to noncontrolling interest									$ 866,000
Proceeds from noncontrolling interest, net									8,570,000
12 Mainland Properties | Variable Interest Entity, Primary Beneficiary | First Joint Investor
Real Estate Properties
Proceeds from noncontrolling interest, net									$ 5,479,000
Mountain Industrial REIT LLC | Consolidated Entity, Excluding Consolidated VIE
Real Estate Properties
Number of properties owned | property							94
Rentable square feet (in sqft) | ft²							20,980,664
Ownership interest	61%				61%		61%
Number of properties contributed | property							94
Mountain Industrial REIT LLC | Somerset, New Jersey
Real Estate Properties
Ownership interest	67%				67%
The Industrial Fund REIT LLC
Real Estate Properties
Ownership interest							22%	22%
Number of states where real estate is located | state							12	12
Cash distributions							$ 25,742,000	$ 2,640,000
Number of properties contributed | property							18	18

Real Estate Investments - Purch

Real Estate Investments - Purchase Price Allocation (Details) - USD ($) $ in Thousands		12 Months Ended
	Feb. 25, 2022	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Asset Acquisition [Line Items]
Proceeds from sale of marketable securities		$ 140,792	$ 0	$ 0
Loss on equity securities		5,758	$ 0	$ 0
Monmouth Real Estate Investment Corporation
Asset Acquisition [Line Items]
Land	$ 430,818
Buildings	3,035,309
Acquired real estate leases	294,576
Cash	8,814
Other assets, net	14,194
Securities available for sale	146,550
Total assets	3,930,261
Mortgage notes payable, at fair value	(323,432)
Accounts payable and other liabilities	(25,327)
Assumed real estate lease obligations	(17,829)
Equity attributable to noncontrolling interest on the joint venture	(3,827)
Net assets acquired	3,559,846
Assumed working capital	(144,230)
Assumed mortgage notes payable, principal	323,432
Purchase price	$ 3,739,048
Cost of marketable securities sold		146,550
Proceeds from sale of marketable securities		$ 140,792
Above market lease | Monmouth Real Estate Investment Corporation
Asset Acquisition [Line Items]
Weighted average useful life	11 years 1 month 6 days
Acquired Real Estate Leases | Monmouth Real Estate Investment Corporation
Asset Acquisition [Line Items]
Weighted average useful life	8 years 6 months
Capitalized Below Market Lease | Monmouth Real Estate Investment Corporation
Asset Acquisition [Line Items]
Weighted average useful life	7 years 9 months 18 days

Real Estate Investments - Prope

Real Estate Investments - Property Acquisitions (Details) $ in Thousands		1 Months Ended	12 Months Ended
	Feb. 25, 2022 property	Jul. 31, 2022 USD ($) property	Dec. 31, 2022 USD ($) ft² property	Dec. 31, 2021 USD ($) ft² property	Dec. 31, 2020 USD ($) ft² property
Real Estate [Line Items]
Land			$ 1,117,779	$ 699,037
Buildings and Improvements			4,058,329	1,049,796
Acquired Real Estate Leases			297,445	63,441
Acquired Real Estate Lease Obligations			$ (22,523)	(12,435)
Rentable square feet (in sqft) | ft²			59,983,000
Monmouth Real Estate Investment Corporation
Real Estate [Line Items]
Number of Properties | property	95	1	94
2021 Acquisitions
Real Estate [Line Items]
Purchase Price				134,730
Land				9,732
Buildings and Improvements				115,007
Acquired Real Estate Leases				10,056
Acquired Real Estate Lease Obligations				$ (65)
Number of Properties | property				5
Rentable square feet (in sqft) | ft²				1,644,508
2020 Acquisitions
Real Estate [Line Items]
Number of Properties | property					2
Office and Industrial Properties | 2021 Acquisitions
Real Estate [Line Items]
Number of Properties | property				4
Office and Industrial Properties | 2020 Acquisitions
Real Estate [Line Items]
Purchase Price					$ 115,813
Land					16,954
Buildings and Improvements					87,377
Acquired Real Estate Leases					$ 11,482
Number of Properties | property					2
Rentable square feet (in sqft) | ft²					1,465,846
Land | 2021 Acquisitions
Real Estate [Line Items]
Number of Properties | property				1
Augusta, Georgia | Monmouth Real Estate Investment Corporation
Real Estate [Line Items]
Purchase Price		$ 38,053
Land		3,818
Buildings and Improvements		30,780
Acquired Real Estate Leases		$ 3,455
Dallas, Texas | 2021 Acquisitions
Real Estate [Line Items]
Purchase Price				$ 2,319
Land				2,319
Buildings and Improvements				0
Acquired Real Estate Leases				0
Acquired Real Estate Lease Obligations				$ 0
Number of Properties | property				1
Rentable square feet (in sqft) | ft²				0
Columbus, Ohio | Office and Industrial Properties | 2021 Acquisitions
Real Estate [Line Items]
Purchase Price				$ 31,762
Land				1,491
Buildings and Improvements				27,407
Acquired Real Estate Leases				2,864
Acquired Real Estate Lease Obligations				$ 0
Number of Properties | property				1
Rentable square feet (in sqft) | ft²				357,504
Memphis, Tennessee | Office and Industrial Properties | 2021 Acquisitions
Real Estate [Line Items]
Purchase Price				$ 100,649
Land				5,922
Buildings and Improvements				87,600
Acquired Real Estate Leases				7,192
Acquired Real Estate Lease Obligations				$ (65)
Number of Properties | property				3
Rentable square feet (in sqft) | ft²				1,287,004
Phoenix, AZ | Office and Industrial Properties | 2020 Acquisitions
Real Estate [Line Items]
Purchase Price					$ 71,628
Land					11,214
Buildings and Improvements					54,676
Acquired Real Estate Leases					$ 5,738
Number of Properties | property					1
Rentable square feet (in sqft) | ft²					820,384
Kansas City, KS | Office and Industrial Properties | 2020 Acquisitions
Real Estate [Line Items]
Purchase Price					$ 44,185
Land					5,740
Buildings and Improvements					32,701
Acquired Real Estate Leases					$ 5,744
Number of Properties | property					1
Rentable square feet (in sqft) | ft²					645,462

Real Estate Investments - Pro_2

Real Estate Investments - Property Dispositions (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2020 USD ($) ft² property	Dec. 31, 2022 ft²
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Square feet (in sqft) | ft²		59,983,000
Disposal Group, Disposed of by Sale, Not Discontinued Operations | 2020 Dispositions | Winchester, VA
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of properties | property	1
Square feet (in sqft) | ft²	308,217
Gross sales price | $	$ 10,775
Gain on sale of real estate | $	$ 581

Real Estate Investments - Joint

Real Estate Investments - Joint Venture Activities (Details) $ in Thousands	Dec. 31, 2022 USD ($) ft² property	Feb. 25, 2022	Dec. 31, 2021 USD ($) property	Oct. 31, 2020 property
Schedule of Equity Method Investments [Line Items]
Investment in unconsolidated joint venture | $	$ 124,358		$ 143,021
Square feet (in sqft) | ft²	59,983,000
12 Mainland Properties
Schedule of Equity Method Investments [Line Items]
Ownership interest	22%
Number of properties contributed | property	18			18
Square feet (in sqft) | ft²	11,726,000
Mountain Industrial REIT LLC | Consolidated Entity, Excluding Consolidated VIE
Schedule of Equity Method Investments [Line Items]
Ownership interest	61%	61%
Number of properties contributed | property	94
Square feet (in sqft) | ft²	20,980,664
The Industrial Fund REIT LLC
Schedule of Equity Method Investments [Line Items]
Ownership interest	22%		22%
Number of properties contributed | property	18		18
The Industrial Fund REIT LLC | Partnership Interest
Schedule of Equity Method Investments [Line Items]
Ownership interest	22%
Investment in unconsolidated joint venture | $	$ 124,358
Number of properties contributed | property	18
Square feet (in sqft) | ft²	11,726,137

Leases - Narrative (Details)

Leases - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Lessor, Lease, Description [Line Items]
Straight line rental income	$ 11,538	$ 7,263	$ 9,041
Variable lease income	63,168	38,732	45,858
Rental income	388,151	219,874	254,575
Subsidiaries Of FedEx Corp
Lessor, Lease, Description [Line Items]
Rental income	108,704	10,894	10,752
Two Subsidiaries Of Amazon, Inc.
Lessor, Lease, Description [Line Items]
Rental income	$ 27,382	$ 21,440	$ 38,241
Sales Revenue, Net | Customer Concentration Risk | Subsidiaries Of FedEx Corp
Lessor, Lease, Description [Line Items]
Percentage of revenues	28%
Sales Revenue, Net | Customer Concentration Risk | Two Subsidiaries Of Amazon, Inc.
Lessor, Lease, Description [Line Items]
Percentage of revenues	7.10%
Sales Revenue, Net | Geographic Concentration Risk | Hawaii
Lessor, Lease, Description [Line Items]
Percentage of revenues	29.70%	50.60%	42.20%

Leases - Schedule of Operating

Leases - Schedule of Operating Lease Maturities (Details) $ in Thousands	Dec. 31, 2022 USD ($)
Leases [Abstract]
2023	$ 342,082
2024	329,996
2025	307,225
2026	287,847
2027	266,822
Thereafter	1,833,081
Total	$ 3,367,053

Indebtedness - Schedule of Outs

Indebtedness - Schedule of Outstanding Indebtedness (Details) $ in Thousands			1 Months Ended		12 Months Ended
	Sep. 22, 2022 USD ($) property option	Feb. 25, 2022 USD ($) property option	Mar. 31, 2022	Feb. 28, 2022 USD ($)	Dec. 31, 2022 USD ($) property	Dec. 31, 2021 USD ($) option
Debt Instrument [Line Items]
Total indebtedness					$ 4,290,363	$ 832,000
Unamortized debt issuance costs					(45,862)	(3,876)
Total indebtedness, net					4,244,501	828,124
Net book value of collateral					$ 4,857,352
Mountain Industrial REIT LLC
Debt Instrument [Line Items]
Percentage of interest in subsidiaries					61%
Fixed rate loan, 3.76% interest rate, due in 2028
Debt Instrument [Line Items]
Interest rate (as a percent)					3.76%
Fixed rate loan, 3.77% interest rate, due in 2030
Debt Instrument [Line Items]
Interest rate (as a percent)					3.77%
Fixed rate loan, 3.85% interest rate, due in 2030
Debt Instrument [Line Items]
Interest rate (as a percent)					3.85%
Fixed rate loan, 3.56% interest rate, due in 2030
Debt Instrument [Line Items]
Interest rate (as a percent)					3.56%
Fixed rate loan, 3.67% interest rate, due in 2031
Debt Instrument [Line Items]
Interest rate (as a percent)					3.67%
Fixed rate loan, 4.02% interest rate, due in 2033
Debt Instrument [Line Items]
Interest rate (as a percent)					4.02%
Fixed rate loan, 4.13% interest rate, due in 2033
Debt Instrument [Line Items]
Interest rate (as a percent)					4.13%
Fixed rate loan, 3.10% interest rate, due in 2035
Debt Instrument [Line Items]
Interest rate (as a percent)					3.10%
Fixed rate loan, 2.95% interest rate, due in 2036
Debt Instrument [Line Items]
Interest rate (as a percent)					2.95%
Fixed rate loan, 4.27% interest rate, due in 2037
Debt Instrument [Line Items]
Interest rate (as a percent)					4.27%
Fixed rate loan, 3.25% interest rate, due in 2038
Debt Instrument [Line Items]
Interest rate (as a percent)					3.25%
Mortgage Note Payable
Debt Instrument [Line Items]
Total indebtedness					$ 503,980
Total indebtedness, net	$ 1,100,000
Weighted average interest rate (as a percent)					3.74%
Mortgage Note Payable | Floating Rate Loan, 6.18%, due in 2024
Debt Instrument [Line Items]
Number of properties used as collateral | property					104
Mortgage Note Payable | Fixed Rate Loan, 4.31%, due in 2029
Debt Instrument [Line Items]
Number of properties used as collateral | property					186
Mortgage Note Payable | Fixed Rate Loan, 4.42%, due in 2032
Debt Instrument [Line Items]
Number of properties used as collateral | property					17
Mortgage Note Payable | Floating Rate Loan, 6.17%, due in 2024
Debt Instrument [Line Items]
Number of properties used as collateral | property					82
Mortgage Note Payable | Fixed rate loan, 3.76% interest rate, due in 2028
Debt Instrument [Line Items]
Number of properties used as collateral | property					1
Mortgage Note Payable | Fixed rate loan, 3.77% interest rate, due in 2030
Debt Instrument [Line Items]
Number of properties used as collateral | property					1
Mortgage Note Payable | Fixed rate loan, 3.85% interest rate, due in 2030
Debt Instrument [Line Items]
Number of properties used as collateral | property					1
Mortgage Note Payable | Fixed rate loan, 3.56% interest rate, due in 2030
Debt Instrument [Line Items]
Number of properties used as collateral | property					1
Mortgage Note Payable | Fixed rate loan, 3.67% interest rate, due in 2031
Debt Instrument [Line Items]
Number of properties used as collateral | property					1
Mortgage Note Payable | Fixed rate loan, 4.14% interest rate, due in 2032
Debt Instrument [Line Items]
Number of properties used as collateral | property					1
Mortgage Note Payable | Fixed rate loan, 4.02% interest rate, due in 2033
Debt Instrument [Line Items]
Number of properties used as collateral | property					1
Mortgage Note Payable | Fixed rate loan, 4.13% interest rate, due in 2033
Debt Instrument [Line Items]
Number of properties used as collateral | property					1
Mortgage Note Payable | Fixed rate loan, 3.10% interest rate, due in 2035
Debt Instrument [Line Items]
Number of properties used as collateral | property					1
Mortgage Note Payable | Fixed rate loan, 2.95% interest rate, due in 2036
Debt Instrument [Line Items]
Number of properties used as collateral | property					1
Mortgage Note Payable | Fixed rate loan, 4.27% interest rate, due in 2037
Debt Instrument [Line Items]
Number of properties used as collateral | property					1
Mortgage Note Payable | Fixed rate loan, 3.25% interest rate, due in 2038
Debt Instrument [Line Items]
Number of properties used as collateral | property					1
Mortgage Note Payable | Mortgage notes payable, 3.60% interest rate, due in 2023
Debt Instrument [Line Items]
Number of properties used as collateral | property					1
Total indebtedness					$ 56,980
Interest rate (as a percent)					360%
Mortgage Note Payable | Mortgage notes payable, 3.33% interest rate, due in 2029
Debt Instrument [Line Items]
Number of properties used as collateral | property					11
Total indebtedness					$ 350,000
Interest rate (as a percent)					333%
Mortgage Note Payable | Mortgage notes payable, 5.30% interest rate, due in 2027
Debt Instrument [Line Items]
Number of properties used as collateral | property					5
Total indebtedness					$ 97,000
Interest rate (as a percent)					5.30%
Revolving Credit Facility
Debt Instrument [Line Items]
Total indebtedness					$ 0	$ 182,000
Net book value of collateral					0
Repayments of lines of credit				$ 750,000
Number of options to extend maturity date | option						1
Extension period						6 months
Floating Rate Loan
Debt Instrument [Line Items]
Number of properties used as collateral | property		82
Total indebtedness, net		$ 14
Number of options to extend maturity date | option		3
Extension period		1 year
Floating Rate Loan | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)		2.25%	3.40%
Floating Rate Loan | Floating Rate Loan, 6.18%, due in 2024
Debt Instrument [Line Items]
Total indebtedness					$ 1,235,000	$ 0
Weighted average interest rate (as a percent)					6.18%
Net book value of collateral					$ 1,071,815
Floating Rate Loan | Floating Rate Loan, 6.17%, due in 2024
Debt Instrument [Line Items]
Total indebtedness					$ 1,400,000	0
Interest rate (as a percent)					6.17%
Net book value of collateral					$ 1,909,185
Number of options to extend maturity date | option		3
Extension period		1 year
Floating Rate Loan | Floating Rate Loan, 6.17%, due in 2024 | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)		2.77%
Fixed Rate Loan
Debt Instrument [Line Items]
Number of properties used as collateral | property		17
Total indebtedness, net		$ 700,000
Interest rate (as a percent)		4.42%
Fixed Rate Loan | Fixed Rate Loan, 4.31%, due in 2029
Debt Instrument [Line Items]
Total indebtedness					$ 650,000	650,000
Interest rate (as a percent)					4.31%
Net book value of collateral					$ 490,416
Fixed Rate Loan | Fixed Rate Loan, 4.42%, due in 2032
Debt Instrument [Line Items]
Total indebtedness					$ 700,000	0
Interest rate (as a percent)					4.42%
Net book value of collateral					$ 518,806
Fixed Rate Loan | Fixed rate loan, 3.76% interest rate, due in 2028
Debt Instrument [Line Items]
Total indebtedness					$ 13,556	0
Interest rate (as a percent)					3.76%
Net book value of collateral					$ 63,314
Fixed Rate Loan | Fixed rate loan, 3.77% interest rate, due in 2030
Debt Instrument [Line Items]
Total indebtedness					$ 4,865	0
Interest rate (as a percent)					3.77%
Net book value of collateral					$ 39,724
Fixed Rate Loan | Fixed rate loan, 3.85% interest rate, due in 2030
Debt Instrument [Line Items]
Total indebtedness					$ 5,145	0
Interest rate (as a percent)					3.85%
Net book value of collateral					$ 39,724
Fixed Rate Loan | Fixed rate loan, 3.56% interest rate, due in 2030
Debt Instrument [Line Items]
Total indebtedness					$ 14,392	0
Interest rate (as a percent)					3.56%
Net book value of collateral					$ 50,825
Fixed Rate Loan | Fixed rate loan, 3.67% interest rate, due in 2031
Debt Instrument [Line Items]
Total indebtedness					$ 12,691	0
Interest rate (as a percent)					3.67%
Net book value of collateral					$ 30,800
Fixed Rate Loan | Fixed rate loan, 4.14% interest rate, due in 2032
Debt Instrument [Line Items]
Total indebtedness					$ 14,144	0
Interest rate (as a percent)					4.14%
Net book value of collateral					$ 44,777
Fixed Rate Loan | Fixed rate loan, 4.02% interest rate, due in 2033
Debt Instrument [Line Items]
Total indebtedness					$ 30,949	0
Interest rate (as a percent)					4.02%
Net book value of collateral					$ 87,143
Fixed Rate Loan | Fixed rate loan, 4.13% interest rate, due in 2033
Debt Instrument [Line Items]
Total indebtedness					$ 43,219	0
Interest rate (as a percent)					4.13%
Net book value of collateral					$ 131,539
Fixed Rate Loan | Fixed rate loan, 3.10% interest rate, due in 2035
Debt Instrument [Line Items]
Total indebtedness					$ 26,175	0
Interest rate (as a percent)					3.10%
Net book value of collateral					$ 47,718
Fixed Rate Loan | Fixed rate loan, 2.95% interest rate, due in 2036
Debt Instrument [Line Items]
Total indebtedness					$ 42,087	0
Interest rate (as a percent)					2.95%
Net book value of collateral					$ 101,896
Fixed Rate Loan | Fixed rate loan, 4.27% interest rate, due in 2037
Debt Instrument [Line Items]
Total indebtedness					$ 46,109	0
Interest rate (as a percent)					4.27%
Net book value of collateral					$ 113,063
Fixed Rate Loan | Fixed rate loan, 3.25% interest rate, due in 2038
Debt Instrument [Line Items]
Total indebtedness					$ 52,031	$ 0
Interest rate (as a percent)					3.25%
Net book value of collateral					$ 116,607
ILPT Floating Rate Loan
Debt Instrument [Line Items]
Number of properties used as collateral | property	104
Weighted average interest rate (as a percent)					6.18%
Number of options to extend maturity date | option	3
Extension period	1 year
ILPT Floating Rate Loan | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)	2.25%	2.25%
ILPT Floating Rate Loan | Floating Rate Loan, 6.18%, due in 2024
Debt Instrument [Line Items]
Number of options to extend maturity date | option		3
Extension period		1 year
ILPT Floating Rate Loan | Floating Rate Loan, 6.18%, due in 2024 | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)		3.93%

Indebtedness - Narrative (Detai

Indebtedness - Narrative (Details)			1 Months Ended		2 Months Ended	12 Months Ended
	Sep. 22, 2022 USD ($) property option	Feb. 25, 2022 USD ($) property option	Mar. 31, 2022	May 31, 2020 USD ($) property	Feb. 25, 2022 USD ($)	Dec. 31, 2022 USD ($) property	Dec. 31, 2021 USD ($) option	Dec. 31, 2020 USD ($)	Feb. 09, 2023	Sep. 30, 2022
Debt Instrument [Line Items]
Gain (loss) on early extinguishment of debt						$ (22,198,000)	$ 0	$ 120,000
Long-term debt						4,244,501,000	828,124,000
Principal balance						4,290,363,000	832,000,000
Bridge Loan Facility | Interest Rate Swap | Cash Flow Hedging | Designated as Hedging Instrument
Debt Instrument [Line Items]
Strike rate (as a percent)		2.70%	3.40%		2.70%					2.70%
Revolving Credit Facility
Debt Instrument [Line Items]
Maximum borrowing capacity of revolving credit facility		$ 750,000,000			$ 750,000,000		$ 750,000,000
Number of options to extend maturity date | option							1
Extension period							6 months
Interest rate at period end (as a percent)							1.41%
Interest rate during period (as a percent)					1.41%		1.44%	2.36%
Gain (loss) on early extinguishment of debt						(828,000)
Principal balance						$ 0	$ 182,000,000
Floating Rate Loan
Debt Instrument [Line Items]
Number of options to extend maturity date | option		3
Extension period		1 year
Long-term debt		$ 14,000			$ 14,000
Prepayment terms without premium amount		$ 280,000,000			280,000,000
Number of properties used as collateral | property		82
Floating Rate Loan | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)		2.25%	3.40%
Option to increase in premium (in basis points)			0.515%
Floating Rate Loan | Floating Rate Loan, 6.17%, due in 2024
Debt Instrument [Line Items]
Number of options to extend maturity date | option		3
Extension period		1 year
Interest rate (as a percent)						6.17%
Principal balance						$ 1,400,000,000	0
Floating Rate Loan | Floating Rate Loan, 6.17%, due in 2024 | February 25, 2022 - December 31, 2022
Debt Instrument [Line Items]
Interest rate during period (as a percent)						6.10%
Floating Rate Loan | Floating Rate Loan, 6.17%, due in 2024 | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)		2.77%
Floating Rate Loan | Floating Rate Loan, 6.18%, due in 2024
Debt Instrument [Line Items]
Weighted average interest rate (as a percent)						6.18%
Principal balance						$ 1,235,000,000	$ 0
Bridge Loan Facility
Debt Instrument [Line Items]
Interest rate during period (as a percent)						2.92%
Gain (loss) on early extinguishment of debt						$ (21,370,000)
Long-term debt	$ 1,235,000,000	$ 1,385,158,000			$ 1,385,158,000
Number of properties used as collateral | property		109
Bridge Loan Facility | February 25, 2022 - December 31, 2022
Debt Instrument [Line Items]
Interest rate during period (as a percent)						4.24%
Bridge Loan Facility | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)		1.75%
Mezzanine agreement premium (as a percent)		8%			8%
Fixed Rate Loan
Debt Instrument [Line Items]
Interest rate during period (as a percent)						4.42%
Interest rate (as a percent)		4.42%			4.42%
Long-term debt		$ 700,000,000			$ 700,000,000
Number of properties used as collateral | property		17
ILPT Floating Rate Loan
Debt Instrument [Line Items]
Number of options to extend maturity date | option	3
Extension period	1 year
Interest rate during period (as a percent)	3.93%
Prepayment terms without premium amount		$ 247,000,000			$ 247,000,000
Number of properties used as collateral | property	104
Weighted average interest rate (as a percent)						6.18%
ILPT Floating Rate Loan | Subsequent Event
Debt Instrument [Line Items]
Weighted average interest rate (as a percent)									6.18%
ILPT Floating Rate Loan | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)	2.25%	2.25%
ILPT Floating Rate Loan | Floating Rate Loan, 6.18%, due in 2024
Debt Instrument [Line Items]
Number of options to extend maturity date | option		3
Extension period		1 year
ILPT Floating Rate Loan | Floating Rate Loan, 6.18%, due in 2024 | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Debt Instrument [Line Items]
Basis spread on variable rate (as a percent)		3.93%
Mortgages
Debt Instrument [Line Items]
Long-term debt	$ 1,100,000,000
Weighted average interest rate (as a percent)						3.74%
Principal balance						$ 503,980,000
Mortgages | Floating Rate Loan, 6.17%, due in 2024
Debt Instrument [Line Items]
Number of properties used as collateral | property						82
Mortgages | Floating Rate Loan, 6.18%, due in 2024
Debt Instrument [Line Items]
Number of properties used as collateral | property						104
Mortgages | Mortgage note payable (secured by one property in Virginia)
Debt Instrument [Line Items]
Interest rate (as a percent)				3.48%
Number of properties used as collateral | property				1
Principal balance				$ 48,750,000
Mezzanine Loan
Debt Instrument [Line Items]
Long-term debt	$ 135,000,000

Indebtedness - Summary of Futur

Indebtedness - Summary of Future Indebtedness Maturity (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Debt Disclosure [Abstract]
2023	$ 22,428
2024	2,658,268
2025	24,141
2026	25,047
2027	25,988
Thereafter	1,534,491
Total principal balance	4,290,363	$ 832,000
Unamortized debt issuance costs	45,862
Long-term debt	$ 4,244,501	$ 828,124

Fair Value of Assets and Liab_3

Fair Value of Assets and Liabilities - Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Fair Value of Financial Instruments
Fixed rate loan	$ 4,244,501	$ 646,124
Fixed rate loan, 3.76% interest rate, due in 2028
Fair Value of Financial Instruments
Interest rate (as a percent)	3.76%
Fixed rate loan, 4.31% interest rate, due in 2029
Fair Value of Financial Instruments
Interest rate (as a percent)	4.31%
Fixed rate loan, 3.77% interest rate, due in 2030
Fair Value of Financial Instruments
Interest rate (as a percent)	3.77%
Fixed rate loan, 3.85% interest rate, due in 2030
Fair Value of Financial Instruments
Interest rate (as a percent)	3.85%
Fixed rate loan, 3.56% interest rate, due in 2030
Fair Value of Financial Instruments
Interest rate (as a percent)	3.56%
Fixed rate loan, 3.67% interest rate, due in 2031
Fair Value of Financial Instruments
Interest rate (as a percent)	3.67%
Fixed rate loan, 4.42% interest rate, due in 2032
Fair Value of Financial Instruments
Interest rate (as a percent)	4.42%
Fixed rate loan, 4.14% interest rate, due in 2032
Fair Value of Financial Instruments
Interest rate (as a percent)	4.14%
Fixed rate loan, 4.02% interest rate, due in 2033
Fair Value of Financial Instruments
Interest rate (as a percent)	4.02%
Fixed rate loan, 4.13% interest rate, due in 2033
Fair Value of Financial Instruments
Interest rate (as a percent)	4.13%
Fixed rate loan, 3.10% interest rate, due in 2035
Fair Value of Financial Instruments
Interest rate (as a percent)	3.10%
Fixed rate loan, 2.95% interest rate, due in 2036
Fair Value of Financial Instruments
Interest rate (as a percent)	2.95%
Fixed rate loan, 4.27% interest rate, due in 2037
Fair Value of Financial Instruments
Interest rate (as a percent)	4.27%
Fixed rate loan, 3.25% interest rate, due in 2038
Fair Value of Financial Instruments
Interest rate (as a percent)	3.25%
Carrying Amount
Fair Value of Financial Instruments
Long-term debt	$ 1,646,736	646,124
Unamortized premiums	8,627	3,876
Carrying Amount | Fixed rate loan, 3.76% interest rate, due in 2028
Fair Value of Financial Instruments
Fixed rate loan	13,556	0
Carrying Amount | Fixed rate loan, 4.31% interest rate, due in 2029
Fair Value of Financial Instruments
Fixed rate loan	646,669	646,124
Carrying Amount | Fixed rate loan, 3.77% interest rate, due in 2030
Fair Value of Financial Instruments
Fixed rate loan	4,865	0
Carrying Amount | Fixed rate loan, 3.85% interest rate, due in 2030
Fair Value of Financial Instruments
Fixed rate loan	5,145	0
Carrying Amount | Fixed rate loan, 3.56% interest rate, due in 2030
Fair Value of Financial Instruments
Fixed rate loan	14,392	0
Carrying Amount | Fixed rate loan, 3.67% interest rate, due in 2031
Fair Value of Financial Instruments
Fixed rate loan	12,691	0
Carrying Amount | Fixed rate loan, 4.42% interest rate, due in 2032
Fair Value of Financial Instruments
Fixed rate loan	694,704	0
Carrying Amount | Fixed rate loan, 4.14% interest rate, due in 2032
Fair Value of Financial Instruments
Fixed rate loan	14,144	0
Carrying Amount | Fixed rate loan, 4.02% interest rate, due in 2033
Fair Value of Financial Instruments
Fixed rate loan	30,949	0
Carrying Amount | Fixed rate loan, 4.13% interest rate, due in 2033
Fair Value of Financial Instruments
Fixed rate loan	43,219	0
Carrying Amount | Fixed rate loan, 3.10% interest rate, due in 2035
Fair Value of Financial Instruments
Fixed rate loan	26,175	0
Carrying Amount | Fixed rate loan, 2.95% interest rate, due in 2036
Fair Value of Financial Instruments
Fixed rate loan	42,087	0
Carrying Amount | Fixed rate loan, 4.27% interest rate, due in 2037
Fair Value of Financial Instruments
Fixed rate loan	46,109	0
Carrying Amount | Fixed rate loan, 3.25% interest rate, due in 2038
Fair Value of Financial Instruments
Fixed rate loan	52,031	0
Estimated Fair Value
Fair Value of Financial Instruments
Long-term debt	1,487,147	709,198
Estimated Fair Value | Fixed rate loan, 3.76% interest rate, due in 2028
Fair Value of Financial Instruments
Fixed rate loan	12,784	0
Estimated Fair Value | Fixed rate loan, 4.31% interest rate, due in 2029
Fair Value of Financial Instruments
Fixed rate loan	592,295	709,198
Estimated Fair Value | Fixed rate loan, 3.77% interest rate, due in 2030
Fair Value of Financial Instruments
Fixed rate loan	4,553	0
Estimated Fair Value | Fixed rate loan, 3.85% interest rate, due in 2030
Fair Value of Financial Instruments
Fixed rate loan	4,829	0
Estimated Fair Value | Fixed rate loan, 3.56% interest rate, due in 2030
Fair Value of Financial Instruments
Fixed rate loan	13,315	0
Estimated Fair Value | Fixed rate loan, 3.67% interest rate, due in 2031
Fair Value of Financial Instruments
Fixed rate loan	11,713	0
Estimated Fair Value | Fixed rate loan, 4.42% interest rate, due in 2032
Fair Value of Financial Instruments
Fixed rate loan	623,133	0
Estimated Fair Value | Fixed rate loan, 4.14% interest rate, due in 2032
Fair Value of Financial Instruments
Fixed rate loan	13,182	0
Estimated Fair Value | Fixed rate loan, 4.02% interest rate, due in 2033
Fair Value of Financial Instruments
Fixed rate loan	28,195	0
Estimated Fair Value | Fixed rate loan, 4.13% interest rate, due in 2033
Fair Value of Financial Instruments
Fixed rate loan	39,573	0
Estimated Fair Value | Fixed rate loan, 3.10% interest rate, due in 2035
Fair Value of Financial Instruments
Fixed rate loan	22,373	0
Estimated Fair Value | Fixed rate loan, 2.95% interest rate, due in 2036
Fair Value of Financial Instruments
Fixed rate loan	35,444	0
Estimated Fair Value | Fixed rate loan, 4.27% interest rate, due in 2037
Fair Value of Financial Instruments
Fixed rate loan	41,880	0
Estimated Fair Value | Fixed rate loan, 3.25% interest rate, due in 2038
Fair Value of Financial Instruments
Fixed rate loan	$ 43,878	$ 0

Fair Value of Assets and Liab_4

Fair Value of Assets and Liabilities - Assets Measured on Recurring Basis (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($) property	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)
Fair Value of Financial Instruments
Real estate properties	$ 4,902,641	$ 1,581,343
Loss on impairment of real estate	$ 100,747	0	$ 0
12 Mainland Properties
Fair Value of Financial Instruments
Ownership interest	22%
Number of properties contributed | property	18
Fair Value, Inputs, Level 3
Fair Value of Financial Instruments
Holding period	10 years
Fair Value, Inputs, Level 3 | Minimum | Measurement Input, Discount Rate
Fair Value of Financial Instruments
Unconsolidated joint venture measurement input	0.0525
Fair Value, Inputs, Level 3 | Minimum | Measurement Input, Exit Capitalization Rate
Fair Value of Financial Instruments
Unconsolidated joint venture measurement input	0.0475
Fair Value, Inputs, Level 3 | Minimum | Measurement Input, Direct Capitalization Rate
Fair Value of Financial Instruments
Unconsolidated joint venture measurement input	0.0525
Fair Value, Inputs, Level 3 | Maximum | Measurement Input, Discount Rate
Fair Value of Financial Instruments
Unconsolidated joint venture measurement input	0.0700
Fair Value, Inputs, Level 3 | Maximum | Measurement Input, Exit Capitalization Rate
Fair Value of Financial Instruments
Unconsolidated joint venture measurement input	0.0600
Fair Value, Inputs, Level 3 | Maximum | Measurement Input, Direct Capitalization Rate
Fair Value of Financial Instruments
Unconsolidated joint venture measurement input	0.0700
Fair Value, Recurring
Fair Value of Financial Instruments
Investments in unconsolidated joint venture	$ 124,358	143,021
Interest rate cap derivatives	73,133
Fair Value, Recurring | Fair Value, Inputs, Level 1
Fair Value of Financial Instruments
Investments in unconsolidated joint venture	0	0
Interest rate cap derivatives	0
Fair Value, Recurring | Fair Value, Inputs, Level 2
Fair Value of Financial Instruments
Investments in unconsolidated joint venture	0	0
Interest rate cap derivatives	73,133
Fair Value, Recurring | Fair Value, Inputs, Level 3
Fair Value of Financial Instruments
Investments in unconsolidated joint venture	124,358	$ 143,021
Interest rate cap derivatives	0
Fair Value, Nonrecurring
Fair Value of Financial Instruments
Real estate properties	555,123
Fair Value, Nonrecurring | Fair Value, Inputs, Level 1
Fair Value of Financial Instruments
Real estate properties	0
Fair Value, Nonrecurring | Fair Value, Inputs, Level 2
Fair Value of Financial Instruments
Real estate properties	0
Fair Value, Nonrecurring | Fair Value, Inputs, Level 3
Fair Value of Financial Instruments
Real estate properties	555,123
Fair Value, Nonrecurring | Fair Value, Inputs, Level 3 | Monmouth Real Estate Investment Corporation
Fair Value of Financial Instruments
Loss on impairment of real estate	$ 100,747
Number of properties impaired | property	25

Shareholders' Equity - Share Aw

Shareholders' Equity - Share Awards (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($) shares	Dec. 31, 2021 USD ($) shares	Dec. 31, 2020 USD ($) installment property shares	Dec. 31, 2019 shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unvested shares (in shares)	260,800	192,380	162,200	108,200
2023 (in shares)	93,780
2024 (in shares)	75,240
2025 (in shares)	57,120
2026 (in shares)	34,660
Estimated future compensation expense for the unvested shares | $	$ 3,400
Weighted average period of which compensation expense will be recognized	23 months
Compensation expense | $	$ 2,221	$ 2,329	$ 2,331
Shares available for issuance under the award plan	3,431,855,000
Trustees
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of officers elected | property			2
Trustees | Common shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common shares granted (in shares)	3,500,000	3,500,000	3,500,000
Common shares granted | $	$ 369	$ 538	$ 460
Common shares granted per Trustee | $	$ 53	$ 90	$ 66
Trustees | Common shares | Common Stock As Part of Annual Compensation
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common shares granted (in shares)			3,000,000
Common shares granted | $			$ 141
Common shares granted per Trustee | $			$ 71
RMR LLC
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common shares granted (in shares)	173,300,000	118,800,000	108,600,000
Common shares granted | $	$ 1,184	$ 3,086	$ 2,460
RMR LLC | Officers And Employees
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of equal annual installments | installment			5

Shareholders' Equity - Summary

Shareholders' Equity - Summary of Unvested Shares Activity (Details) - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Unvested shares at the beginning of the period (in shares)	192,380	162,200	108,200
Granted (in shares)	197,800	139,800	139,100
Vested (in shares)	(127,480)	(108,920)	(84,520)
Forfeited (in shares)	(1,900)	(700)	(580)
Unvested shares at the end of the period (in shares)	260,800	192,380	162,200
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Unvested shares at the beginning of the period (in dollars per share)	$ 24.15	$ 22.37	$ 22.08
Granted (in dollars per share)	7.85	25.93	22.01
Vested (in dollars per share)	17.44	23.78	21.41
Forfeited (in dollars per share)	24.55	22.24	22.20
Unvested shares at the end of the period (in dollars per share)	$ 15.07	$ 24.15	$ 22.37

Shareholders' Equity - Common S

Shareholders' Equity - Common Share Purchases (Details) - Common shares - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share repurchases to pay for tax withholding (in shares)	32,347	35,596	18,060
Share price (in dollars per share)	$ 7.50	$ 25.91	$ 21.16

Shareholders' Equity - Distribu

Shareholders' Equity - Distributions (Details) - USD ($) $ / shares in Units, $ in Thousands		12 Months Ended
	Jan. 12, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Dividends Payable [Line Items]
Distribution per share (in dollars per share)		$ 0.68	$ 1.32	$ 1.32
Total Distributions		$ 44,477	$ 86,236	$ 86,089
Distributions per share paid (in dollars per share)		89.70%	0%	0%
Distribution characterization percentage, ordinary income		9.60%	93.20%	71%
Distribution characterization percentage, capital gain		0.70%	6.80%	29%
Subsequent Event
Dividends Payable [Line Items]
Common distributions declared (in dollars per share)	$ 0.01
Dividends payable	$ 656

Per Common Shares Amounts (Deta

Per Common Shares Amounts (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Numerators:
Net (loss) income attributable to common shareholders	$ (226,723)	$ 119,682	$ 82,071
Loss attributable to unvested participating securities	(131)	(307)	(154)
Net (loss) income attributable to common shareholders used in calculating earnings per share	$ (226,854)	$ 119,375	$ 81,917
Denominators:
Weighted average common shares for basic earnings per share (in shares)	65,248	65,169	65,104
Effect of dilutive securities: unvested share awards (in shares)	0	42	10
Weighted average common shares for diluted earnings per share (in shares)	65,248	65,211	65,114
Net (loss) income attributable to common shareholders, basic (in usd per share)	$ (3.47)	$ 1.83	$ 1.26
Net (loss) income attributable to common shareholders, diluted (in usd per share)	$ (3.47)	$ 1.83	$ 1.26

Business and Property Managem_2

Business and Property Management Agreements with RMR (Details)		1 Months Ended	12 Months Ended
	Feb. 25, 2022 USD ($) investor property	Jul. 31, 2022 property	Dec. 31, 2022 USD ($) employee agreement property investor $ / shares	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)	Oct. 31, 2020 property
Related Party Transaction [Line Items]
Number of employees | employee			0
Equity market capitalization			$ 1,560,000,000
Unadjusted initial share price (usd per share) | $ / shares			$ 24
Business management fees			$ 23,701,000	$ 10,562,000	$ 12,983,000
Incentive management fee			0	0	0
Due to related persons			$ 4,824,000	2,185,000
Term remaining prior to termination used in calculation of termination fee			10 years
Number of joint venture agreements | agreement			2
Monmouth Real Estate Investment Corporation
Related Party Transaction [Line Items]
Number of Investors | investor	1
Number of properties | property	95	1	94
12 Mainland Properties
Related Party Transaction [Line Items]
Number of Investors | investor			2
Number of properties contributed | property			18			18
Ownership interest			22%
Monmouth Real Estate Investment Corporation
Related Party Transaction [Line Items]
Ownership interest	61%
Mountain Industrial REIT LLC
Related Party Transaction [Line Items]
Noncontrolling interest, ownership percentage by noncontrolling owners	39%
Reit Management And Research L L C
Related Party Transaction [Line Items]
Number of management service agreements | agreement			2
Percentage applied on average historical cost of real estate investment properties acquired to calculate base management fee			0.50%
Base management fee payable as percentage of average historical cost of real estate investments excluding transferred assets for investments up to specified amount			0.70%
Base management fee payable threshold amount of other real estate investments			$ 250,000,000
Annual business management fee as percentage of aggregate cost of properties acquired in excess of specified amount			0.50%
Base management fee payable as percentage of average closing stock price on stock exchange			0.70%
Base management fee payable as percentage of average market capitalization exceeding specified amount			0.50%
Percentage for limitation and adjustments of incentive management fee payable			12%
Period of consecutive trading days			10 days
Period of trading days of measurement period used in calculation			30 days
Incentive management fee payable			$ 0
Incentive management fee measurement period			3 years
Required return per share to adjust the return per share benchmark			12%
Adjusted benchmark return qualification for management fee reduction minimum			2%
Adjusted benchmark return qualification for management fee reduction maximum			5%
Incentive management fee, percentage of common shares outstanding used in calculation			1.50%
Property management fees as percentage of gross collected rents			3%
Construction supervision fees as percentage of construction costs			5%
Construction supervision fees			$ 11,916,000	6,606,000	7,472,000
Number of business days prior written notice for termination of property management agreement			60 days
Window following a change of control			12 months
Period of transition services after termination agreement			120 days
Amended and Restated Asset Management Agreement | The Industrial Fund REIT Inc. | 12 Mainland Properties
Related Party Transaction [Line Items]
Ownership interest			22%
Minimum | Reit Management And Research L L C
Related Party Transaction [Line Items]
Termination fee term			19 years
Maximum | Reit Management And Research L L C
Related Party Transaction [Line Items]
Termination fee term			20 years
Reit Management And Research L L C
Related Party Transaction [Line Items]
Number of management service agreements | agreement			2
Business management fees					1,005,000
Reimbursement expense			$ 6,785,000	4,786,000	4,948,000
Reit Management And Research L L C | Property Management and Construction Supervision Fees | Other Operating Expenses
Related Party Transaction [Line Items]
Expenses from transactions			11,058,000	6,395,000	7,267,000
Reit Management And Research L L C | Capitalized Costs | Investment Building and Building Improvements
Related Party Transaction [Line Items]
Due to related persons			$ 858,000	$ 211,000	$ 205,000
Co-venturer | Mountain Industrial REIT LLC
Related Party Transaction [Line Items]
Noncontrolling interest, ownership percentage by noncontrolling owners	39%
Noncontrolling interest in joint ventures	$ 589,411,000

Related Person Transactions (De

Related Person Transactions (Details) $ in Thousands	1 Months Ended			12 Months Ended
	Dec. 31, 2021 USD ($)	May 31, 2021 USD ($)	Jun. 30, 2020 USD ($)	Dec. 31, 2022 USD ($) agreement	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)
Related Party Transaction [Line Items]
Number of joint venture agreements | agreement				2
Distributions in excess of earnings from Affiliates Insurance Company				$ 0	$ 0	$ 287
Dallas, TX
Related Party Transaction [Line Items]
Payments to acquire real estate		$ 2,319
Acquisition related cost		$ 119
RMR LLC
Related Party Transaction [Line Items]
Number of management service agreements | agreement				2
RMR LLC | Vesting on Grant Date
Related Party Transaction [Line Items]
Award vesting rights				20%
RMR LLC | Vesting on each of the next four anniversaries
Related Party Transaction [Line Items]
Award vesting rights				20%
AIC
Related Party Transaction [Line Items]
Distributions in excess of earnings from Affiliates Insurance Company	$ 12		$ 287
Rents Collected For Joint Venture | Industrial Fund
Related Party Transaction [Line Items]
Due from related parties	$ 225			$ 616	$ 225
Post-Closing Adjustment | Industrial Fund
Related Party Transaction [Line Items]
Due from related parties						$ 2,665

Derivatives and Hedging Activ_3

Derivatives and Hedging Activities - Schedule of Interest Rate Cap Agreements (Details) - Interest Rate Swap - Cash Flow Hedging - Designated as Hedging Instrument $ in Thousands	Dec. 31, 2022 USD ($) derivative_instrument
Floating Rate Loan
Derivative Instruments, Gain (Loss) [Line Items]
Number of Instruments | derivative_instrument	1
Strike Rate	3.40%
Notional Amount	$ 1,400,000
Fair Value at December 31, 2022	$ 23,337
ILPT floating rate loan, 6.18% weighted average interest rate, due in 2024
Derivative Instruments, Gain (Loss) [Line Items]
Number of Instruments | derivative_instrument	2
Strike Rate	2.25%
Notional Amount	$ 1,235,000
Fair Value at December 31, 2022	$ 49,796

Derivatives and Hedging Activ_4

Derivatives and Hedging Activities - Narrative (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($)	Sep. 30, 2022 USD ($) derivative_instrument	Mar. 31, 2022	Feb. 25, 2022
Derivative Instruments, Gain (Loss) [Line Items]
Accumulated other comprehensive income to interest expense	$ 25,810
Attributable to noncontrolling interest	$ 6,845
Bridge Loan Facility | Interest Rate Swap | Cash Flow Hedging | Designated as Hedging Instrument
Derivative Instruments, Gain (Loss) [Line Items]
Number of Instruments | derivative_instrument		2
Notional Amount		$ 1,385,158
Strike Rate		2.70%	3.40%	2.70%
Derivative instruments in hedges, at fair value, net		$ 7,740

Derivatives and Hedging Activ_5

Derivatives and Hedging Activities - Schedule of Activity (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain recognized in cumulative other comprehensive income (loss)	$ 34,825
Unrealized gain on derivative instrument recognized in cumulative other comprehensive income	30,194	$ 0	$ 0
Interest Expense
Derivative Instruments, Gain (Loss) [Line Items]
Amount reclassified from cumulative other comprehensive income (loss) into interest expense	2,330
Loss On Early Extinguishment Of Debt
Derivative Instruments, Gain (Loss) [Line Items]
Amount reclassified from cumulative other comprehensive income (loss) into loss on early extinguishment of debt	$ (6,961)

SCHEDULE III - REAL ESTATE AN_2

SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION - Real Estate Properties (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($) property mortgage	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)	Dec. 31, 2019 USD ($)
Initial Cost to Company
Land	$ 1,132,989
Buildings and Equipment	4,064,666
Costs Capitalized Subsequent to Acquisition	71,482
Impairment/ Writedowns	(93,029)
Gross Amount Carried at Close of Period
Land	1,117,779
Buildings and Equipment	4,058,329
Total	5,176,108	$ 1,748,833	$ 1,809,070	$ 2,335,964
Accumulated Depreciation	(273,467)	$ (167,490)	$ (141,406)	$ (131,468)
Unamortized debt issuance costs	45,862
U.S. federal income tax basis	$ 5,720,412
Building and Building Improvements
Gross Amount Carried at Close of Period
Life used for depreciation	40 years
Equipment
Gross Amount Carried at Close of Period
Life used for depreciation	7 years
Mortgages
Gross Amount Carried at Close of Period
Encumbrances	$ 4,244,501
Undepreciated cost	$ 5,091,811
Mortgages | 186 properties encumbered by one mortgage loan
Gross Amount Carried at Close of Period
Number of properties used as collateral | property	186
Number of debt instruments | mortgage	1
Encumbrances	$ 646,669
Undepreciated cost	$ 506,264
Mortgages | 104 properties encumbered by one mortgage loan
Gross Amount Carried at Close of Period
Number of properties used as collateral | property	104
Encumbrances	$ 1,216,078
Undepreciated cost	$ 1,170,474
Mortgages | 82 properties encumbered by one mortgage loan
Gross Amount Carried at Close of Period
Number of properties used as collateral | property	82
Encumbrances	$ 1,381,687
Undepreciated cost	$ 1,956,835
Mortgages | 17 properties encumbered by one mortgage loan
Gross Amount Carried at Close of Period
Number of properties used as collateral | property	17
Encumbrances	$ 694,704
Undepreciated cost	$ 613,138
Mortgages | 11 properties encumbered by one mortgage loan
Gross Amount Carried at Close of Period
Number of properties used as collateral | property	11
Encumbrances	$ 305,363
Undepreciated cost	845,100
510 Production Avenue
Initial Cost to Company
Land	1,200
Buildings and Equipment	9,967
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	(2,118)
Gross Amount Carried at Close of Period
Land	973
Buildings and Equipment	8,076
Total	9,049
Accumulated Depreciation	(136)
6735 Trippel Road
Initial Cost to Company
Land	1,500
Buildings and Equipment	44,354
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,500
Buildings and Equipment	44,354
Total	45,854
Accumulated Depreciation	(1,077)
11224 Will Walker Road
Initial Cost to Company
Land	3,901
Buildings and Equipment	40,857
Costs Capitalized Subsequent to Acquisition	550
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	3,901
Buildings and Equipment	41,407
Total	45,308
Accumulated Depreciation	(1,800)
3200 Rodeo Court
Initial Cost to Company
Land	3,201
Buildings and Equipment	23,462
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	3,201
Buildings and Equipment	23,462
Total	26,663
Accumulated Depreciation	(570)
4501 Industrial Drive
Initial Cost to Company
Land	900
Buildings and Equipment	3,485
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	901
Buildings and Equipment	3,484
Total	4,385
Accumulated Depreciation	(690)
9860 West Buckeye Road
Initial Cost to Company
Land	4,801
Buildings and Equipment	26,716
Costs Capitalized Subsequent to Acquisition	1
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	4,802
Buildings and Equipment	26,716
Total	31,518
Accumulated Depreciation	(1,132)
3870 Ronald Reagan Boulevard
Initial Cost to Company
Land	2,780
Buildings and Equipment	9,722
Costs Capitalized Subsequent to Acquisition	1
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	2,779
Buildings and Equipment	9,724
Total	12,503
Accumulated Depreciation	(1,207)
125 North Troy Hill Road
Initial Cost to Company
Land	5,402
Buildings and Equipment	32,981
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	(10,790)
Gross Amount Carried at Close of Period
Land	3,883
Buildings and Equipment	23,710
Total	27,593
Accumulated Depreciation	(342)
14257 E. Easter Avenue
Initial Cost to Company
Land	1,801
Buildings and Equipment	10,563
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	(2,607)
Gross Amount Carried at Close of Period
Land	1,421
Buildings and Equipment	8,336
Total	9,757
Accumulated Depreciation	(169)
955 Aeroplaza Drive
Initial Cost to Company
Land	800
Buildings and Equipment	7,412
Costs Capitalized Subsequent to Acquisition	39
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	800
Buildings and Equipment	7,451
Total	8,251
Accumulated Depreciation	(1,481)
13400 East 39th Avenue and 3800 Wheeling Street
Initial Cost to Company
Land	3,100
Buildings and Equipment	12,955
Costs Capitalized Subsequent to Acquisition	5
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	3,100
Buildings and Equipment	12,960
Total	16,060
Accumulated Depreciation	(2,568)
150 Greenhorn Drive
Initial Cost to Company
Land	200
Buildings and Equipment	4,177
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	200
Buildings and Equipment	4,177
Total	4,377
Accumulated Depreciation	(827)
2 Tower Drive
Initial Cost to Company
Land	1,471
Buildings and Equipment	2,165
Costs Capitalized Subsequent to Acquisition	888
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,471
Buildings and Equipment	3,053
Total	4,524
Accumulated Depreciation	(1,129)
50 Hollow Tree Lane
Initial Cost to Company
Land	600
Buildings and Equipment	4,793
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	600
Buildings and Equipment	4,793
Total	5,393
Accumulated Depreciation	(136)
235 Great Pond Road
Initial Cost to Company
Land	2,400
Buildings and Equipment	9,469
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	2,400
Buildings and Equipment	9,469
Total	11,869
Accumulated Depreciation	(2,467)
2100 NW 82nd Avenue
Initial Cost to Company
Land	144
Buildings and Equipment	1,297
Costs Capitalized Subsequent to Acquisition	454
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	144
Buildings and Equipment	1,751
Total	1,895
Accumulated Depreciation	(939)
10450 Doral Boulevard
Initial Cost to Company
Land	15,225
Buildings and Equipment	28,102
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	15,225
Buildings and Equipment	28,102
Total	43,327
Accumulated Depreciation	(4,216)
13509 Waterworks Street
Initial Cost to Company
Land	3,701
Buildings and Equipment	37,720
Costs Capitalized Subsequent to Acquisition	(1)
Impairment/ Writedowns	(9,345)
Gross Amount Carried at Close of Period
Land	2,866
Buildings and Equipment	29,209
Total	32,075
Accumulated Depreciation	(421)
27200 SW 127th Avenue
Initial Cost to Company
Land	24,808
Buildings and Equipment	22,762
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	(8,376)
Gross Amount Carried at Close of Period
Land	20,440
Buildings and Equipment	18,754
Total	39,194
Accumulated Depreciation	(271)
3155 Grissom Parkway
Initial Cost to Company
Land	3,101
Buildings and Equipment	20,542
Costs Capitalized Subsequent to Acquisition	27
Impairment/ Writedowns	(4,620)
Gross Amount Carried at Close of Period
Land	2,494
Buildings and Equipment	16,556
Total	19,050
Accumulated Depreciation	(279)
950 Bennett Road
Initial Cost to Company
Land	2,701
Buildings and Equipment	12,334
Costs Capitalized Subsequent to Acquisition	215
Impairment/ Writedowns	(737)
Gross Amount Carried at Close of Period
Land	2,568
Buildings and Equipment	11,945
Total	14,513
Accumulated Depreciation	(200)
3736 Salisbury Road
Initial Cost to Company
Land	1,600
Buildings and Equipment	12,071
Costs Capitalized Subsequent to Acquisition	158
Impairment/ Writedowns	(2,998)
Gross Amount Carried at Close of Period
Land	1,250
Buildings and Equipment	9,581
Total	10,831
Accumulated Depreciation	(240)
1341 N. Clyde Morris Boulevard
Initial Cost to Company
Land	3,001
Buildings and Equipment	38,858
Costs Capitalized Subsequent to Acquisition	486
Impairment/ Writedowns	(1,762)
Gross Amount Carried at Close of Period
Land	2,875
Buildings and Equipment	37,708
Total	40,583
Accumulated Depreciation	(537)
5000 North Ridge Trail
Initial Cost to Company
Land	4,001
Buildings and Equipment	52,290
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	4,001
Buildings and Equipment	52,290
Total	56,291
Accumulated Depreciation	(1,270)
14001 Jetport Loop
Initial Cost to Company
Land	5,902
Buildings and Equipment	25,616
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	5,902
Buildings and Equipment	25,616
Total	31,518
Accumulated Depreciation	(622)
8411 Florida Mining Boulevard
Initial Cost to Company
Land	7,602
Buildings and Equipment	29,985
Costs Capitalized Subsequent to Acquisition	19
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	7,602
Buildings and Equipment	30,004
Total	37,606
Accumulated Depreciation	(851)
5101 West Waters Avenue
Initial Cost to Company
Land	3,101
Buildings and Equipment	12,134
Costs Capitalized Subsequent to Acquisition	157
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	3,101
Buildings and Equipment	12,291
Total	15,392
Accumulated Depreciation	(413)
3404 Cragmont Drive
Initial Cost to Company
Land	1,600
Buildings and Equipment	6,557
Costs Capitalized Subsequent to Acquisition	160
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,600
Buildings and Equipment	6,717
Total	8,317
Accumulated Depreciation	(223)
7569 Golf Course Boulevard
Initial Cost to Company
Land	0
Buildings and Equipment	6,042
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	0
Buildings and Equipment	6,042
Total	6,042
Accumulated Depreciation	(147)
1900 Interstate Boulevard
Initial Cost to Company
Land	500
Buildings and Equipment	3,405
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	500
Buildings and Equipment	3,405
Total	3,905
Accumulated Depreciation	(96)
2902 Gun Club Road
Initial Cost to Company
Land	1,200
Buildings and Equipment	9,861
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	(6,995)
Gross Amount Carried at Close of Period
Land	441
Buildings and Equipment	3,625
Total	4,066
Accumulated Depreciation	(53)
1078 Bertram Road
Initial Cost to Company
Land	900
Buildings and Equipment	1,867
Costs Capitalized Subsequent to Acquisition	64
Impairment/ Writedowns	(1,374)
Gross Amount Carried at Close of Period
Land	453
Buildings and Equipment	1,004
Total	1,457
Accumulated Depreciation	(24)
590 Northport Parkway
Initial Cost to Company
Land	16,905
Buildings and Equipment	66,945
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	16,905
Buildings and Equipment	66,945
Total	83,850
Accumulated Depreciation	(1,626)
3150 Highway 42
Initial Cost to Company
Land	9,803
Buildings and Equipment	109,420
Costs Capitalized Subsequent to Acquisition	41
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	9,803
Buildings and Equipment	109,461
Total	119,264
Accumulated Depreciation	(2,657)
650 Braselton Parkway
Initial Cost to Company
Land	6,902
Buildings and Equipment	82,238
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	6,902
Buildings and Equipment	82,238
Total	89,140
Accumulated Depreciation	(1,997)
700 Hudson Road
Initial Cost to Company
Land	900
Buildings and Equipment	20,442
Costs Capitalized Subsequent to Acquisition	45
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	900
Buildings and Equipment	20,487
Total	21,387
Accumulated Depreciation	(695)
505 Morgan Lakes Industrial Blvd.
Initial Cost to Company
Land	8,203
Buildings and Equipment	31,714
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	8,203
Buildings and Equipment	31,714
Total	39,917
Accumulated Depreciation	(770)
2002 International Boulevard
Initial Cost to Company
Land	3,818
Buildings and Equipment	30,780
Costs Capitalized Subsequent to Acquisition	2
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	3,819
Buildings and Equipment	30,781
Total	34,600
Accumulated Depreciation	(408)
2815 Kaihikapu Street
Initial Cost to Company
Land	1,818
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	6
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,818
Buildings and Equipment	6
Total	1,824
Accumulated Depreciation	(2)
609 Ahua Street
Initial Cost to Company
Land	616
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	616
Buildings and Equipment	0
Total	616
Accumulated Depreciation	0
2849 Kaihikapu Street
Initial Cost to Company
Land	860
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	860
Buildings and Equipment	0
Total	860
Accumulated Depreciation	0
709 Ahua Street
Initial Cost to Company
Land	1,801
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,801
Buildings and Equipment	0
Total	1,801
Accumulated Depreciation	0
2839 Kilihau Street
Initial Cost to Company
Land	627
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	627
Buildings and Equipment	0
Total	627
Accumulated Depreciation	0
2906 Kaihikapu Street
Initial Cost to Company
Land	1,814
Buildings and Equipment	2
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,814
Buildings and Equipment	2
Total	1,816
Accumulated Depreciation	(1)
733 Mapunapuna Street
Initial Cost to Company
Land	3,403
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	3,403
Buildings and Equipment	0
Total	3,403
Accumulated Depreciation	0
2864 Awaawaloa Street
Initial Cost to Company
Land	1,836
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	7
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,836
Buildings and Equipment	7
Total	1,843
Accumulated Depreciation	(6)
2850 Awaawaloa Street
Initial Cost to Company
Land	287
Buildings and Equipment	172
Costs Capitalized Subsequent to Acquisition	(1)
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	286
Buildings and Equipment	172
Total	458
Accumulated Depreciation	(82)
2806 Kaihikapu Street
Initial Cost to Company
Land	1,801
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,801
Buildings and Equipment	0
Total	1,801
Accumulated Depreciation	0
2838 Kilihau Street
Initial Cost to Company
Land	4,262
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	4,262
Buildings and Equipment	0
Total	4,262
Accumulated Depreciation	0
852 Mapunapuna Street
Initial Cost to Company
Land	1,801
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,801
Buildings and Equipment	0
Total	1,801
Accumulated Depreciation	0
812 Mapunapuna Street
Initial Cost to Company
Land	1,960
Buildings and Equipment	25
Costs Capitalized Subsequent to Acquisition	628
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	2,613
Buildings and Equipment	0
Total	2,613
Accumulated Depreciation	0
2969 Mapunapuna Street
Initial Cost to Company
Land	4,038
Buildings and Equipment	15
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	4,038
Buildings and Equipment	15
Total	4,053
Accumulated Depreciation	(10)
855 Ahua Street
Initial Cost to Company
Land	1,834
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,834
Buildings and Equipment	0
Total	1,834
Accumulated Depreciation	0
2855 Kaihikapu Street
Initial Cost to Company
Land	1,807
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,807
Buildings and Equipment	0
Total	1,807
Accumulated Depreciation	0
865 Ahua Street
Initial Cost to Company
Land	1,846
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,846
Buildings and Equipment	0
Total	1,846
Accumulated Depreciation	0
719 Ahua Street
Initial Cost to Company
Land	1,960
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,960
Buildings and Equipment	0
Total	1,960
Accumulated Depreciation	0
759 Puuloa Road
Initial Cost to Company
Land	1,766
Buildings and Equipment	3
Costs Capitalized Subsequent to Acquisition	(3)
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,766
Buildings and Equipment	0
Total	1,766
Accumulated Depreciation	0
770 Mapunapuna Street
Initial Cost to Company
Land	1,801
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,801
Buildings and Equipment	0
Total	1,801
Accumulated Depreciation	0
2915 Kaihikapu Street
Initial Cost to Company
Land	2,579
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	2,579
Buildings and Equipment	0
Total	2,579
Accumulated Depreciation	0
704 Mapunapuna Street
Initial Cost to Company
Land	2,390
Buildings and Equipment	685
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	2,390
Buildings and Equipment	685
Total	3,075
Accumulated Depreciation	(326)
822 Mapunapuna Street
Initial Cost to Company
Land	1,795
Buildings and Equipment	15
Costs Capitalized Subsequent to Acquisition	(15)
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,795
Buildings and Equipment	0
Total	1,795
Accumulated Depreciation	0
842 Mapunapuna Street
Initial Cost to Company
Land	1,795
Buildings and Equipment	14
Costs Capitalized Subsequent to Acquisition	(14)
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,795
Buildings and Equipment	0
Total	1,795
Accumulated Depreciation	0
2839 Mokumoa Street
Initial Cost to Company
Land	1,942
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,942
Buildings and Equipment	0
Total	1,942
Accumulated Depreciation	0
2861 Mokumoa Street
Initial Cost to Company
Land	3,867
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	3,867
Buildings and Equipment	0
Total	3,867
Accumulated Depreciation	0
619 Mapunapuna Street
Initial Cost to Company
Land	1,401
Buildings and Equipment	2
Costs Capitalized Subsequent to Acquisition	12
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,401
Buildings and Equipment	14
Total	1,415
Accumulated Depreciation	(3)
2847 Awaawaloa Street
Initial Cost to Company
Land	582
Buildings and Equipment	303
Costs Capitalized Subsequent to Acquisition	184
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	582
Buildings and Equipment	487
Total	1,069
Accumulated Depreciation	(167)
2928 Kaihikapu Street - A
Initial Cost to Company
Land	1,801
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,801
Buildings and Equipment	0
Total	1,801
Accumulated Depreciation	0
2928 Kaihikapu Street - B
Initial Cost to Company
Land	1,948
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,948
Buildings and Equipment	0
Total	1,948
Accumulated Depreciation	0
850 Ahua Street
Initial Cost to Company
Land	2,682
Buildings and Equipment	2
Costs Capitalized Subsequent to Acquisition	(2)
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	2,682
Buildings and Equipment	0
Total	2,682
Accumulated Depreciation	0
659 Ahua Street
Initial Cost to Company
Land	860
Buildings and Equipment	20
Costs Capitalized Subsequent to Acquisition	(20)
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	860
Buildings and Equipment	0
Total	860
Accumulated Depreciation	0
2831 Awaawaloa Street
Initial Cost to Company
Land	860
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	860
Buildings and Equipment	0
Total	860
Accumulated Depreciation	0
2760 Kam Highway
Initial Cost to Company
Land	703
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	191
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	703
Buildings and Equipment	191
Total	894
Accumulated Depreciation	(29)
2965 Mokumoa Street
Initial Cost to Company
Land	2,140
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	2,140
Buildings and Equipment	0
Total	2,140
Accumulated Depreciation	0
2814 Kilihau Street
Initial Cost to Company
Land	1,925
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,925
Buildings and Equipment	0
Total	1,925
Accumulated Depreciation	0
2804 Kilihau Street
Initial Cost to Company
Land	1,775
Buildings and Equipment	2
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,775
Buildings and Equipment	2
Total	1,777
Accumulated Depreciation	0
2833 Kilihau Street
Initial Cost to Company
Land	601
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	601
Buildings and Equipment	0
Total	601
Accumulated Depreciation	0
692 Mapunapuna Street
Initial Cost to Company
Land	1,796
Buildings and Equipment	2
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,796
Buildings and Equipment	2
Total	1,798
Accumulated Depreciation	0
669 Ahua Street
Initial Cost to Company
Land	1,801
Buildings and Equipment	14
Costs Capitalized Subsequent to Acquisition	62
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,801
Buildings and Equipment	76
Total	1,877
Accumulated Depreciation	(33)
761 Ahua Street
Initial Cost to Company
Land	3,757
Buildings and Equipment	2
Costs Capitalized Subsequent to Acquisition	339
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	3,757
Buildings and Equipment	341
Total	4,098
Accumulated Depreciation	(35)
702 Ahua Street
Initial Cost to Company
Land	1,784
Buildings and Equipment	3
Costs Capitalized Subsequent to Acquisition	(4)
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,783
Buildings and Equipment	0
Total	1,783
Accumulated Depreciation	0
645 Ahua Street
Initial Cost to Company
Land	882
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	882
Buildings and Equipment	0
Total	882
Accumulated Depreciation	0
675 Mapunapuna Street
Initial Cost to Company
Land	1,081
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,081
Buildings and Equipment	0
Total	1,081
Accumulated Depreciation	0
2858 Kaihikapu Street
Initial Cost to Company
Land	1,801
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,801
Buildings and Equipment	0
Total	1,801
Accumulated Depreciation	0
2857 Awaawaloa Street
Initial Cost to Company
Land	983
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	983
Buildings and Equipment	0
Total	983
Accumulated Depreciation	0
2812 Awaawaloa Street
Initial Cost to Company
Land	1,801
Buildings and Equipment	3
Costs Capitalized Subsequent to Acquisition	(2)
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,801
Buildings and Equipment	1
Total	1,802
Accumulated Depreciation	0
2809 Kaihikapu Street
Initial Cost to Company
Land	1,837
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,837
Buildings and Equipment	0
Total	1,837
Accumulated Depreciation	0
803 Ahua Street
Initial Cost to Company
Land	3,804
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	3,804
Buildings and Equipment	0
Total	3,804
Accumulated Depreciation	0
2889 Mokumoa Street
Initial Cost to Company
Land	1,783
Buildings and Equipment	5
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,783
Buildings and Equipment	5
Total	1,788
Accumulated Depreciation	0
819 Ahua Street
Initial Cost to Company
Land	4,821
Buildings and Equipment	583
Costs Capitalized Subsequent to Acquisition	9
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	4,821
Buildings and Equipment	592
Total	5,413
Accumulated Depreciation	(287)
830 Mapunapuna Street
Initial Cost to Company
Land	1,801
Buildings and Equipment	25
Costs Capitalized Subsequent to Acquisition	(25)
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,801
Buildings and Equipment	0
Total	1,801
Accumulated Depreciation	0
2831 Kaihikapu Street
Initial Cost to Company
Land	1,272
Buildings and Equipment	529
Costs Capitalized Subsequent to Acquisition	55
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,272
Buildings and Equipment	584
Total	1,856
Accumulated Depreciation	(277)
2846-A Awaawaloa Street
Initial Cost to Company
Land	2,181
Buildings and Equipment	954
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	2,181
Buildings and Equipment	954
Total	3,135
Accumulated Depreciation	(454)
2816 Awaawaloa Street
Initial Cost to Company
Land	1,009
Buildings and Equipment	27
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,009
Buildings and Equipment	27
Total	1,036
Accumulated Depreciation	(13)
673 Ahua Street
Initial Cost to Company
Land	1,801
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,801
Buildings and Equipment	0
Total	1,801
Accumulated Depreciation	0
697 Ahua Street
Initial Cost to Company
Land	994
Buildings and Equipment	811
Costs Capitalized Subsequent to Acquisition	(4)
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	994
Buildings and Equipment	807
Total	1,801
Accumulated Depreciation	(384)
808 Ahua Street
Initial Cost to Company
Land	3,279
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	(1)
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	3,278
Buildings and Equipment	0
Total	3,278
Accumulated Depreciation	(7)
659 Puuloa Road
Initial Cost to Company
Land	1,807
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,807
Buildings and Equipment	0
Total	1,807
Accumulated Depreciation	0
666 Mapunapuna Street
Initial Cost to Company
Land	860
Buildings and Equipment	2
Costs Capitalized Subsequent to Acquisition	(2)
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	860
Buildings and Equipment	0
Total	860
Accumulated Depreciation	0
679 Puuloa Road
Initial Cost to Company
Land	1,807
Buildings and Equipment	3
Costs Capitalized Subsequent to Acquisition	(3)
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,807
Buildings and Equipment	0
Total	1,807
Accumulated Depreciation	0
673 Mapunapuna Street
Initial Cost to Company
Land	1,801
Buildings and Equipment	20
Costs Capitalized Subsequent to Acquisition	(20)
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,801
Buildings and Equipment	0
Total	1,801
Accumulated Depreciation	0
2827 Kaihikapu Street
Initial Cost to Company
Land	1,801
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,801
Buildings and Equipment	0
Total	1,801
Accumulated Depreciation	0
2826 Kaihikapu Street
Initial Cost to Company
Land	3,921
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	3,921
Buildings and Equipment	0
Total	3,921
Accumulated Depreciation	0
685 Ahua Street
Initial Cost to Company
Land	1,801
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,801
Buildings and Equipment	0
Total	1,801
Accumulated Depreciation	0
2844 Kaihikapu Street
Initial Cost to Company
Land	1,960
Buildings and Equipment	14
Costs Capitalized Subsequent to Acquisition	(14)
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,960
Buildings and Equipment	0
Total	1,960
Accumulated Depreciation	0
789 Mapunapuna Street
Initial Cost to Company
Land	2,608
Buildings and Equipment	3
Costs Capitalized Subsequent to Acquisition	(3)
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	2,608
Buildings and Equipment	0
Total	2,608
Accumulated Depreciation	0
2808 Kam Highway
Initial Cost to Company
Land	310
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	310
Buildings and Equipment	0
Total	310
Accumulated Depreciation	0
2815 Kilihau Street
Initial Cost to Company
Land	287
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	287
Buildings and Equipment	0
Total	287
Accumulated Depreciation	0
2821 Kilihau Street
Initial Cost to Company
Land	287
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	287
Buildings and Equipment	0
Total	287
Accumulated Depreciation	0
2829 Kilihau Street
Initial Cost to Company
Land	287
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	287
Buildings and Equipment	0
Total	287
Accumulated Depreciation	0
2819 Mokumoa Street - A
Initial Cost to Company
Land	1,821
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,821
Buildings and Equipment	0
Total	1,821
Accumulated Depreciation	0
2819 Mokumoa Street - B
Initial Cost to Company
Land	1,816
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,816
Buildings and Equipment	0
Total	1,816
Accumulated Depreciation	0
2879 Mokumoa Street
Initial Cost to Company
Land	1,789
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,789
Buildings and Equipment	0
Total	1,789
Accumulated Depreciation	0
2927 Mokumoa Street
Initial Cost to Company
Land	1,778
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,778
Buildings and Equipment	0
Total	1,778
Accumulated Depreciation	0
2833 Paa Street #2
Initial Cost to Company
Land	1,675
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,675
Buildings and Equipment	0
Total	1,675
Accumulated Depreciation	0
855 Mapunapuna Street
Initial Cost to Company
Land	3,265
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	3,265
Buildings and Equipment	0
Total	3,265
Accumulated Depreciation	0
2829 Awaawaloa Street
Initial Cost to Company
Land	1,720
Buildings and Equipment	2
Costs Capitalized Subsequent to Acquisition	(2)
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,720
Buildings and Equipment	0
Total	1,720
Accumulated Depreciation	0
766 Mapunapuna Street
Initial Cost to Company
Land	1,801
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,801
Buildings and Equipment	0
Total	1,801
Accumulated Depreciation	0
2908 Kaihikapu Street
Initial Cost to Company
Land	1,798
Buildings and Equipment	23
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,798
Buildings and Equipment	23
Total	1,821
Accumulated Depreciation	(3)
729 Ahua Street
Initial Cost to Company
Land	1,801
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,801
Buildings and Equipment	0
Total	1,801
Accumulated Depreciation	0
739 Ahua Street
Initial Cost to Company
Land	1,801
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,801
Buildings and Equipment	0
Total	1,801
Accumulated Depreciation	0
2868 Kaihikapu Street
Initial Cost to Company
Land	1,801
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,801
Buildings and Equipment	0
Total	1,801
Accumulated Depreciation	0
660 Ahua Street
Initial Cost to Company
Land	1,783
Buildings and Equipment	4
Costs Capitalized Subsequent to Acquisition	(4)
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,783
Buildings and Equipment	0
Total	1,783
Accumulated Depreciation	0
2869 Mokumoa Street
Initial Cost to Company
Land	1,794
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,794
Buildings and Equipment	0
Total	1,794
Accumulated Depreciation	0
2836 Awaawaloa Street
Initial Cost to Company
Land	1,353
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,353
Buildings and Equipment	0
Total	1,353
Accumulated Depreciation	0
113 Puuhale Road
Initial Cost to Company
Land	3,729
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	3,729
Buildings and Equipment	0
Total	3,729
Accumulated Depreciation	0
2140 Kaliawa Street
Initial Cost to Company
Land	931
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	931
Buildings and Equipment	0
Total	931
Accumulated Depreciation	0
165 Sand Island Access Road
Initial Cost to Company
Land	758
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	758
Buildings and Equipment	0
Total	758
Accumulated Depreciation	0
2106 Kaliawa Street
Initial Cost to Company
Land	1,568
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	228
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,568
Buildings and Equipment	228
Total	1,796
Accumulated Depreciation	(124)
140 Puuhale Road
Initial Cost to Company
Land	1,100
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	41
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,100
Buildings and Equipment	41
Total	1,141
Accumulated Depreciation	(9)
2020 Auiki Street
Initial Cost to Company
Land	2,385
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	2,385
Buildings and Equipment	0
Total	2,385
Accumulated Depreciation	0
2103 Kaliawa Street
Initial Cost to Company
Land	3,212
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	3,212
Buildings and Equipment	0
Total	3,212
Accumulated Depreciation	0
1926 Auiki Street
Initial Cost to Company
Land	2,872
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	1,722
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	2,872
Buildings and Equipment	1,722
Total	4,594
Accumulated Depreciation	(709)
1931 Kahai Street
Initial Cost to Company
Land	3,779
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	3,779
Buildings and Equipment	0
Total	3,779
Accumulated Depreciation	0
215 Puuhale Road
Initial Cost to Company
Land	2,117
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	2,117
Buildings and Equipment	0
Total	2,117
Accumulated Depreciation	0
207 Puuhale Road
Initial Cost to Company
Land	2,024
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	2,024
Buildings and Equipment	0
Total	2,024
Accumulated Depreciation	0
125 Puuhale Road
Initial Cost to Company
Land	1,630
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,630
Buildings and Equipment	0
Total	1,630
Accumulated Depreciation	0
125B Puuhale Road
Initial Cost to Company
Land	2,815
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	2,815
Buildings and Equipment	0
Total	2,815
Accumulated Depreciation	0
2001 Kahai Street
Initial Cost to Company
Land	1,091
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,091
Buildings and Equipment	0
Total	1,091
Accumulated Depreciation	0
2110 Auiki Street
Initial Cost to Company
Land	837
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	837
Buildings and Equipment	0
Total	837
Accumulated Depreciation	0
142 Mokauea Street
Initial Cost to Company
Land	2,182
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	1,576
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	2,182
Buildings and Equipment	1,576
Total	3,758
Accumulated Depreciation	(541)
2139 Kaliawa Street
Initial Cost to Company
Land	885
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	885
Buildings and Equipment	0
Total	885
Accumulated Depreciation	0
2122 Kaliawa Street
Initial Cost to Company
Land	1,365
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,365
Buildings and Equipment	0
Total	1,365
Accumulated Depreciation	0
148 Mokauea Street
Initial Cost to Company
Land	3,476
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	3,476
Buildings and Equipment	0
Total	3,476
Accumulated Depreciation	0
151 Puuhale Road
Initial Cost to Company
Land	1,956
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	48
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,956
Buildings and Equipment	48
Total	2,004
Accumulated Depreciation	(2)
2127 Auiki Street
Initial Cost to Company
Land	2,906
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	67
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	2,906
Buildings and Equipment	67
Total	2,973
Accumulated Depreciation	(38)
2144 Auiki Street
Initial Cost to Company
Land	2,640
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	7,594
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	2,640
Buildings and Equipment	7,594
Total	10,234
Accumulated Depreciation	(2,925)
179 Sand Island Access Road
Initial Cost to Company
Land	2,480
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	2,480
Buildings and Equipment	0
Total	2,480
Accumulated Depreciation	0
106 Puuhale Road
Initial Cost to Company
Land	1,113
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	274
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,113
Buildings and Equipment	274
Total	1,387
Accumulated Depreciation	(112)
120 Mokauea Street
Initial Cost to Company
Land	1,953
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	1,091
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,953
Buildings and Equipment	1,091
Total	3,044
Accumulated Depreciation	(228)
120B Mokauea Street
Initial Cost to Company
Land	1,953
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,953
Buildings and Equipment	0
Total	1,953
Accumulated Depreciation	0
231 Sand Island Access Road
Initial Cost to Company
Land	752
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	752
Buildings and Equipment	0
Total	752
Accumulated Depreciation	0
231B Sand Island Access Road
Initial Cost to Company
Land	1,539
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,539
Buildings and Equipment	0
Total	1,539
Accumulated Depreciation	0
220 Puuhale Road
Initial Cost to Company
Land	2,619
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	2,619
Buildings and Equipment	0
Total	2,619
Accumulated Depreciation	0
150 Puuhale Road
Initial Cost to Company
Land	4,887
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	4,887
Buildings and Equipment	0
Total	4,887
Accumulated Depreciation	0
197 Sand Island Access Road
Initial Cost to Company
Land	1,238
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,238
Buildings and Equipment	0
Total	1,238
Accumulated Depreciation	0
2019 Kahai Street
Initial Cost to Company
Land	1,377
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,377
Buildings and Equipment	0
Total	1,377
Accumulated Depreciation	0
2344 Pahounui Drive
Initial Cost to Company
Land	6,709
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	6,709
Buildings and Equipment	0
Total	6,709
Accumulated Depreciation	0
238 Sand Island Access Road
Initial Cost to Company
Land	2,273
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	2,273
Buildings and Equipment	0
Total	2,273
Accumulated Depreciation	0
2308 Pahounui Drive
Initial Cost to Company
Land	3,314
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	3,314
Buildings and Equipment	0
Total	3,314
Accumulated Depreciation	0
2135 Auiki Street
Initial Cost to Company
Land	825
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	825
Buildings and Equipment	0
Total	825
Accumulated Depreciation	0
218 Mohonua Place
Initial Cost to Company
Land	1,741
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,741
Buildings and Equipment	0
Total	1,741
Accumulated Depreciation	0
180 Sand Island Access Road
Initial Cost to Company
Land	1,655
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,655
Buildings and Equipment	0
Total	1,655
Accumulated Depreciation	0
2250 Pahounui Drive
Initial Cost to Company
Land	3,862
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	3,862
Buildings and Equipment	0
Total	3,862
Accumulated Depreciation	0
158 Sand Island Access Road
Initial Cost to Company
Land	2,488
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	2,488
Buildings and Equipment	0
Total	2,488
Accumulated Depreciation	0
2264 Pahounui Drive
Initial Cost to Company
Land	1,632
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,632
Buildings and Equipment	0
Total	1,632
Accumulated Depreciation	0
2276 Pahounui Drive
Initial Cost to Company
Land	1,619
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,619
Buildings and Equipment	0
Total	1,619
Accumulated Depreciation	0
204 Sand Island Access Road
Initial Cost to Company
Land	1,689
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,689
Buildings and Equipment	0
Total	1,689
Accumulated Depreciation	0
228 Mohonua Place
Initial Cost to Company
Land	1,865
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,865
Buildings and Equipment	0
Total	1,865
Accumulated Depreciation	0
212 Mohonua Place
Initial Cost to Company
Land	1,067
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,067
Buildings and Equipment	0
Total	1,067
Accumulated Depreciation	0
214 Sand Island Access Road
Initial Cost to Company
Land	1,864
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	593
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,864
Buildings and Equipment	593
Total	2,457
Accumulated Depreciation	(161)
2879 Paa Street
Initial Cost to Company
Land	1,691
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	44
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,691
Buildings and Equipment	44
Total	1,735
Accumulated Depreciation	(16)
2833 Paa Street
Initial Cost to Company
Land	1,701
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,701
Buildings and Equipment	0
Total	1,701
Accumulated Depreciation	0
1055 Ahua Street
Initial Cost to Company
Land	1,216
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,216
Buildings and Equipment	0
Total	1,216
Accumulated Depreciation	0
2875 Paa Street
Initial Cost to Company
Land	1,330
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,330
Buildings and Equipment	0
Total	1,330
Accumulated Depreciation	0
1000 Mapunapuna Street
Initial Cost to Company
Land	2,252
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	2,252
Buildings and Equipment	0
Total	2,252
Accumulated Depreciation	0
2850 Paa Street
Initial Cost to Company
Land	22,827
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	22,827
Buildings and Equipment	0
Total	22,827
Accumulated Depreciation	0
2828 Paa Street
Initial Cost to Company
Land	12,448
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	12,448
Buildings and Equipment	0
Total	12,448
Accumulated Depreciation	0
1045 Mapunapuna Street
Initial Cost to Company
Land	819
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	819
Buildings and Equipment	0
Total	819
Accumulated Depreciation	0
1122 Mapunapuna Street
Initial Cost to Company
Land	5,781
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	5,781
Buildings and Equipment	0
Total	5,781
Accumulated Depreciation	0
2810 Paa Street
Initial Cost to Company
Land	3,340
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	3,340
Buildings and Equipment	0
Total	3,340
Accumulated Depreciation	0
2886 Paa Street
Initial Cost to Company
Land	2,205
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	2,205
Buildings and Equipment	0
Total	2,205
Accumulated Depreciation	0
2810 Pukoloa Street
Initial Cost to Company
Land	27,699
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	27,699
Buildings and Equipment	0
Total	27,699
Accumulated Depreciation	0
1052 Ahua Street
Initial Cost to Company
Land	1,703
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	240
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,703
Buildings and Equipment	240
Total	1,943
Accumulated Depreciation	(104)
1024 Mapunapuna Street
Initial Cost to Company
Land	1,385
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,385
Buildings and Equipment	0
Total	1,385
Accumulated Depreciation	0
1030 Mapunapuna Street
Initial Cost to Company
Land	5,655
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	5,655
Buildings and Equipment	0
Total	5,655
Accumulated Depreciation	0
1001 Ahua Street
Initial Cost to Company
Land	15,155
Buildings and Equipment	3,312
Costs Capitalized Subsequent to Acquisition	92
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	15,155
Buildings and Equipment	3,404
Total	18,559
Accumulated Depreciation	(1,609)
944 Ahua Street
Initial Cost to Company
Land	1,219
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,219
Buildings and Equipment	0
Total	1,219
Accumulated Depreciation	0
918 Ahua Street
Initial Cost to Company
Land	3,820
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	3,820
Buildings and Equipment	0
Total	3,820
Accumulated Depreciation	0
2864 Mokumoa Street
Initial Cost to Company
Land	2,092
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	2,092
Buildings and Equipment	0
Total	2,092
Accumulated Depreciation	0
1050 Kikowaena Place
Initial Cost to Company
Land	1,404
Buildings and Equipment	873
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,404
Buildings and Equipment	873
Total	2,277
Accumulated Depreciation	(416)
949 Mapunapuna Street
Initial Cost to Company
Land	11,568
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	11,568
Buildings and Equipment	0
Total	11,568
Accumulated Depreciation	0
2855 Pukoloa Street
Initial Cost to Company
Land	1,934
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,934
Buildings and Equipment	0
Total	1,934
Accumulated Depreciation	0
2865 Pukoloa Street
Initial Cost to Company
Land	1,934
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,934
Buildings and Equipment	0
Total	1,934
Accumulated Depreciation	0
2850 Mokumoa Street
Initial Cost to Company
Land	2,143
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	2,143
Buildings and Equipment	0
Total	2,143
Accumulated Depreciation	0
905 Ahua Street
Initial Cost to Company
Land	1,148
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,148
Buildings and Equipment	0
Total	1,148
Accumulated Depreciation	0
1150 Kikowaena Street
Initial Cost to Company
Land	2,445
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	2,445
Buildings and Equipment	0
Total	2,445
Accumulated Depreciation	0
960 Ahua Street
Initial Cost to Company
Land	614
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	614
Buildings and Equipment	0
Total	614
Accumulated Depreciation	0
1062 Kikowaena Place
Initial Cost to Company
Land	1,049
Buildings and Equipment	598
Costs Capitalized Subsequent to Acquisition	125
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,049
Buildings and Equipment	723
Total	1,772
Accumulated Depreciation	(294)
2829 Pukoloa Street
Initial Cost to Company
Land	2,088
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	2,088
Buildings and Equipment	0
Total	2,088
Accumulated Depreciation	0
2841 Pukoloa Street
Initial Cost to Company
Land	2,088
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	2,088
Buildings and Equipment	0
Total	2,088
Accumulated Depreciation	0
2819 Pukoloa Street
Initial Cost to Company
Land	2,090
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	34
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	2,090
Buildings and Equipment	34
Total	2,124
Accumulated Depreciation	(12)
950 Mapunapuna Street
Initial Cost to Company
Land	1,724
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,724
Buildings and Equipment	0
Total	1,724
Accumulated Depreciation	0
960 Mapunapuna Street
Initial Cost to Company
Land	1,933
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,933
Buildings and Equipment	0
Total	1,933
Accumulated Depreciation	0
930 Mapunapuna Street
Initial Cost to Company
Land	3,654
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	3,654
Buildings and Equipment	0
Total	3,654
Accumulated Depreciation	0
1038 Kikowaena Place
Initial Cost to Company
Land	2,576
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	2,576
Buildings and Equipment	0
Total	2,576
Accumulated Depreciation	0
1024 Kikowaena Place
Initial Cost to Company
Land	1,818
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,818
Buildings and Equipment	0
Total	1,818
Accumulated Depreciation	0
2970 Mokumoa Street
Initial Cost to Company
Land	1,722
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,722
Buildings and Equipment	0
Total	1,722
Accumulated Depreciation	0
970 Ahua Street
Initial Cost to Company
Land	817
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	817
Buildings and Equipment	0
Total	817
Accumulated Depreciation	0
2840 Mokumoa Street
Initial Cost to Company
Land	2,149
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	2,149
Buildings and Equipment	0
Total	2,149
Accumulated Depreciation	0
2830 Mokumoa Street
Initial Cost to Company
Land	2,146
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	2,146
Buildings and Equipment	0
Total	2,146
Accumulated Depreciation	0
1027 Kikowaena Place
Initial Cost to Company
Land	5,444
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	5,444
Buildings and Equipment	0
Total	5,444
Accumulated Depreciation	0
2960 Mokumoa Street
Initial Cost to Company
Land	1,977
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,977
Buildings and Equipment	0
Total	1,977
Accumulated Depreciation	0
80 Sand Island Access Road
Initial Cost to Company
Land	7,972
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	7,972
Buildings and Equipment	0
Total	7,972
Accumulated Depreciation	0
94-240 Pupuole Street
Initial Cost to Company
Land	717
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	717
Buildings and Equipment	0
Total	717
Accumulated Depreciation	0
525 N. King Street
Initial Cost to Company
Land	1,342
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,342
Buildings and Equipment	0
Total	1,342
Accumulated Depreciation	0
1360 Pali Highway
Initial Cost to Company
Land	9,170
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	161
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	9,170
Buildings and Equipment	161
Total	9,331
Accumulated Depreciation	(146)
1330 Pali Highway
Initial Cost to Company
Land	1,423
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,423
Buildings and Equipment	0
Total	1,423
Accumulated Depreciation	0
33 S. Vineyard Boulevard
Initial Cost to Company
Land	844
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	844
Buildings and Equipment	0
Total	844
Accumulated Depreciation	0
848 Ala Lilikoi Street
Initial Cost to Company
Land	9,426
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	9,426
Buildings and Equipment	0
Total	9,426
Accumulated Depreciation	0
846 Ala Lilikoi Street
Initial Cost to Company
Land	234
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	234
Buildings and Equipment	0
Total	234
Accumulated Depreciation	0
2635 Waiwai Loop A
Initial Cost to Company
Land	934
Buildings and Equipment	350
Costs Capitalized Subsequent to Acquisition	683
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	934
Buildings and Equipment	1,033
Total	1,967
Accumulated Depreciation	(355)
2635 Waiwai Loop B
Initial Cost to Company
Land	1,177
Buildings and Equipment	105
Costs Capitalized Subsequent to Acquisition	682
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,177
Buildings and Equipment	787
Total	1,964
Accumulated Depreciation	(238)
120 Sand Island Access Road
Initial Cost to Company
Land	1,132
Buildings and Equipment	11,307
Costs Capitalized Subsequent to Acquisition	1,452
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,132
Buildings and Equipment	12,759
Total	13,891
Accumulated Depreciation	(5,624)
91-222 Olai
Initial Cost to Company
Land	2,035
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	77
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	2,035
Buildings and Equipment	77
Total	2,112
Accumulated Depreciation	(3)
91-265 Hanua
Initial Cost to Company
Land	1,569
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,569
Buildings and Equipment	0
Total	1,569
Accumulated Depreciation	0
91-255 Hanua
Initial Cost to Company
Land	1,230
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	35
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,230
Buildings and Equipment	35
Total	1,265
Accumulated Depreciation	(8)
91-241 Kalaeloa
Initial Cost to Company
Land	426
Buildings and Equipment	3,983
Costs Capitalized Subsequent to Acquisition	883
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	426
Buildings and Equipment	4,866
Total	5,292
Accumulated Depreciation	(2,002)
91-141 Kalaeloa
Initial Cost to Company
Land	11,624
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	11,624
Buildings and Equipment	0
Total	11,624
Accumulated Depreciation	0
91-250 Komohana
Initial Cost to Company
Land	1,506
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,506
Buildings and Equipment	0
Total	1,506
Accumulated Depreciation	0
91-202 Kalaeloa
Initial Cost to Company
Land	1,722
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	326
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,722
Buildings and Equipment	326
Total	2,048
Accumulated Depreciation	(77)
91-080 Hanua
Initial Cost to Company
Land	2,187
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	2,187
Buildings and Equipment	0
Total	2,187
Accumulated Depreciation	0
91-027 Kaomi Loop
Initial Cost to Company
Land	2,667
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	2,667
Buildings and Equipment	0
Total	2,667
Accumulated Depreciation	0
91-185 Kalaeloa
Initial Cost to Company
Land	1,761
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	81
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,761
Buildings and Equipment	81
Total	1,842
Accumulated Depreciation	(2)
91-329 Kauhi
Initial Cost to Company
Land	294
Buildings and Equipment	2,297
Costs Capitalized Subsequent to Acquisition	2,783
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	294
Buildings and Equipment	5,080
Total	5,374
Accumulated Depreciation	(2,165)
91-399 Kauhi
Initial Cost to Company
Land	27,405
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	27,405
Buildings and Equipment	0
Total	27,405
Accumulated Depreciation	0
91-086 Kaomi Loop
Initial Cost to Company
Land	13,884
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	13,884
Buildings and Equipment	0
Total	13,884
Accumulated Depreciation	0
91-349 Kauhi
Initial Cost to Company
Land	649
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	649
Buildings and Equipment	0
Total	649
Accumulated Depreciation	0
91-400 Komohana
Initial Cost to Company
Land	1,494
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,494
Buildings and Equipment	0
Total	1,494
Accumulated Depreciation	0
91-174 Olai
Initial Cost to Company
Land	962
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	47
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	962
Buildings and Equipment	47
Total	1,009
Accumulated Depreciation	(28)
91-218 Olai
Initial Cost to Company
Land	1,622
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	62
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,622
Buildings and Equipment	62
Total	1,684
Accumulated Depreciation	(34)
91-175 Olai
Initial Cost to Company
Land	1,243
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	87
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,243
Buildings and Equipment	87
Total	1,330
Accumulated Depreciation	(32)
91-210 Olai
Initial Cost to Company
Land	706
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	706
Buildings and Equipment	0
Total	706
Accumulated Depreciation	0
91-087 Hanua
Initial Cost to Company
Land	381
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	381
Buildings and Equipment	0
Total	381
Accumulated Depreciation	0
91-083 Hanua
Initial Cost to Company
Land	716
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	716
Buildings and Equipment	0
Total	716
Accumulated Depreciation	0
91-091 Hanua
Initial Cost to Company
Land	552
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	552
Buildings and Equipment	0
Total	552
Accumulated Depreciation	0
91-220 Kalaeloa
Initial Cost to Company
Land	242
Buildings and Equipment	1,457
Costs Capitalized Subsequent to Acquisition	155
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	242
Buildings and Equipment	1,612
Total	1,854
Accumulated Depreciation	(677)
91-252 Kauhi
Initial Cost to Company
Land	536
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	536
Buildings and Equipment	0
Total	536
Accumulated Depreciation	0
91-259 Olai
Initial Cost to Company
Land	2,944
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	2,944
Buildings and Equipment	0
Total	2,944
Accumulated Depreciation	0
91-238 Kauhi
Initial Cost to Company
Land	1,390
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	9,495
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,390
Buildings and Equipment	9,495
Total	10,885
Accumulated Depreciation	(3,594)
91-416 Komohana
Initial Cost to Company
Land	713
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	11
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	713
Buildings and Equipment	11
Total	724
Accumulated Depreciation	(5)
91-410 Komohana
Initial Cost to Company
Land	418
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	12
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	418
Buildings and Equipment	12
Total	430
Accumulated Depreciation	(6)
91-300 Hanua
Initial Cost to Company
Land	1,381
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	18
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,381
Buildings and Equipment	18
Total	1,399
Accumulated Depreciation	(2)
91-171 Olai
Initial Cost to Company
Land	218
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	13
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	218
Buildings and Equipment	13
Total	231
Accumulated Depreciation	(7)
91-210 Kauhi
Initial Cost to Company
Land	567
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	663
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	567
Buildings and Equipment	663
Total	1,230
Accumulated Depreciation	(43)
91-110 Kaomi Loop
Initial Cost to Company
Land	1,293
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,293
Buildings and Equipment	0
Total	1,293
Accumulated Depreciation	0
91-102 Kaomi Loop
Initial Cost to Company
Land	1,599
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,599
Buildings and Equipment	0
Total	1,599
Accumulated Depreciation	0
91-064 Kaomi Loop
Initial Cost to Company
Land	1,826
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,826
Buildings and Equipment	0
Total	1,826
Accumulated Depreciation	0
91-119 Olai
Initial Cost to Company
Land	1,981
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,981
Buildings and Equipment	0
Total	1,981
Accumulated Depreciation	0
91-150 Kaomi Loop
Initial Cost to Company
Land	3,159
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	3,159
Buildings and Equipment	0
Total	3,159
Accumulated Depreciation	0
Texaco Easement
Initial Cost to Company
Land	2,657
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	2,657
Buildings and Equipment	0
Total	2,657
Accumulated Depreciation	0
Tesaro 967 Easement
Initial Cost to Company
Land	6,593
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	6,593
Buildings and Equipment	0
Total	6,593
Accumulated Depreciation	0
AES HI Easement
Initial Cost to Company
Land	1,250
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,250
Buildings and Equipment	0
Total	1,250
Accumulated Depreciation	0
Other Easements & Lots
Initial Cost to Company
Land	358
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	1,437
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	358
Buildings and Equipment	1,437
Total	1,795
Accumulated Depreciation	(682)
889 Ahua Street
Initial Cost to Company
Land	5,888
Buildings and Equipment	315
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	5,888
Buildings and Equipment	315
Total	6,203
Accumulated Depreciation	(80)
951 Trails Road
Initial Cost to Company
Land	470
Buildings and Equipment	7,480
Costs Capitalized Subsequent to Acquisition	2,278
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	470
Buildings and Equipment	9,758
Total	10,228
Accumulated Depreciation	(3,450)
2300 North 33rd Avenue East
Initial Cost to Company
Land	500
Buildings and Equipment	13,236
Costs Capitalized Subsequent to Acquisition	117
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	500
Buildings and Equipment	13,353
Total	13,853
Accumulated Depreciation	(4,802)
3425 Maple Drive
Initial Cost to Company
Land	100
Buildings and Equipment	2,000
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	100
Buildings and Equipment	2,000
Total	2,100
Accumulated Depreciation	(213)
4401 112th Street
Initial Cost to Company
Land	800
Buildings and Equipment	3,117
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	800
Buildings and Equipment	3,117
Total	3,917
Accumulated Depreciation	(132)
7121 South Fifth Avenue
Initial Cost to Company
Land	400
Buildings and Equipment	4,201
Costs Capitalized Subsequent to Acquisition	581
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	400
Buildings and Equipment	4,782
Total	5,182
Accumulated Depreciation	(896)
2580 Technology Drive
Initial Cost to Company
Land	1,500
Buildings and Equipment	9,068
Costs Capitalized Subsequent to Acquisition	16
Impairment/ Writedowns	(3,053)
Gross Amount Carried at Close of Period
Land	1,067
Buildings and Equipment	6,464
Total	7,531
Accumulated Depreciation	(164)
5795 Logistics Parkway
Initial Cost to Company
Land	400
Buildings and Equipment	3,368
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	(688)
Gross Amount Carried at Close of Period
Land	327
Buildings and Equipment	2,753
Total	3,080
Accumulated Depreciation	(46)
1602 Vincent Drive
Initial Cost to Company
Land	1,400
Buildings and Equipment	27,028
Costs Capitalized Subsequent to Acquisition	444
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,400
Buildings and Equipment	27,472
Total	28,872
Accumulated Depreciation	(676)
6 Konzen Court
Initial Cost to Company
Land	900
Buildings and Equipment	20,268
Costs Capitalized Subsequent to Acquisition	15
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	900
Buildings and Equipment	20,283
Total	21,183
Accumulated Depreciation	(861)
1000 Knell Road
Initial Cost to Company
Land	2,101
Buildings and Equipment	19,258
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	2,101
Buildings and Equipment	19,258
Total	21,359
Accumulated Depreciation	(655)
1430 South Wolf Road
Initial Cost to Company
Land	4,702
Buildings and Equipment	19,641
Costs Capitalized Subsequent to Acquisition	(1)
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	4,701
Buildings and Equipment	19,641
Total	24,342
Accumulated Depreciation	(477)
1270 North Wilkening
Initial Cost to Company
Land	2,801
Buildings and Equipment	7,733
Costs Capitalized Subsequent to Acquisition	23
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	2,801
Buildings and Equipment	7,756
Total	10,557
Accumulated Depreciation	(329)
4472 Technology Drive
Initial Cost to Company
Land	400
Buildings and Equipment	5,912
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	400
Buildings and Equipment	5,912
Total	6,312
Accumulated Depreciation	(168)
7019 High Grove Boulevard
Initial Cost to Company
Land	800
Buildings and Equipment	1,090
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	800
Buildings and Equipment	1,090
Total	1,890
Accumulated Depreciation	(31)
1230 West 171st Street
Initial Cost to Company
Land	800
Buildings and Equipment	1,673
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	800
Buildings and Equipment	1,673
Total	2,473
Accumulated Depreciation	(332)
5156 American Road
Initial Cost to Company
Land	400
Buildings and Equipment	1,529
Costs Capitalized Subsequent to Acquisition	348
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	400
Buildings and Equipment	1,877
Total	2,277
Accumulated Depreciation	(396)
9215-9347 E Pendleton Pike
Initial Cost to Company
Land	3,763
Buildings and Equipment	34,877
Costs Capitalized Subsequent to Acquisition	1
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	3,763
Buildings and Equipment	34,878
Total	38,641
Accumulated Depreciation	(3,867)
6825 West County Road 400 North
Initial Cost to Company
Land	918
Buildings and Equipment	14,300
Costs Capitalized Subsequent to Acquisition	924
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	918
Buildings and Equipment	15,224
Total	16,142
Accumulated Depreciation	(1,747)
900 Commerce Parkway West Drive
Initial Cost to Company
Land	1,483
Buildings and Equipment	16,253
Costs Capitalized Subsequent to Acquisition	9
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,483
Buildings and Equipment	16,262
Total	17,745
Accumulated Depreciation	(1,802)
2482 Century Drive
Initial Cost to Company
Land	840
Buildings and Equipment	9,061
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	840
Buildings and Equipment	9,061
Total	9,901
Accumulated Depreciation	(965)
3201 Bearing Drive
Initial Cost to Company
Land	1,100
Buildings and Equipment	15,403
Costs Capitalized Subsequent to Acquisition	(2)
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,100
Buildings and Equipment	15,401
Total	16,501
Accumulated Depreciation	(1,914)
482 Chaney Avenue
Initial Cost to Company
Land	2,401
Buildings and Equipment	55,810
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	2,401
Buildings and Equipment	55,810
Total	58,211
Accumulated Depreciation	(1,581)
1151 South Graham Road
Initial Cost to Company
Land	7,002
Buildings and Equipment	108,700
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	7,002
Buildings and Equipment	108,700
Total	115,702
Accumulated Depreciation	(2,640)
5440 Haggerty Lane
Initial Cost to Company
Land	3,601
Buildings and Equipment	31,058
Costs Capitalized Subsequent to Acquisition	22
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	3,601
Buildings and Equipment	31,080
Total	34,681
Accumulated Depreciation	(754)
8951 Mirabel Road
Initial Cost to Company
Land	3,001
Buildings and Equipment	36,978
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	3,001
Buildings and Equipment	36,978
Total	39,979
Accumulated Depreciation	(898)
17001 West Mercury Street
Initial Cost to Company
Land	5,741
Buildings and Equipment	32,701
Costs Capitalized Subsequent to Acquisition	401
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	5,741
Buildings and Equipment	33,102
Total	38,843
Accumulated Depreciation	(1,648)
435 SE 70th Steet
Initial Cost to Company
Land	0
Buildings and Equipment	3,563
Costs Capitalized Subsequent to Acquisition	120
Impairment/ Writedowns	(594)
Gross Amount Carried at Close of Period
Land	0
Buildings and Equipment	3,089
Total	3,089
Accumulated Depreciation	(53)
22525 West 167th Street
Initial Cost to Company
Land	4,301
Buildings and Equipment	52,183
Costs Capitalized Subsequent to Acquisition	(1)
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	4,301
Buildings and Equipment	52,182
Total	56,483
Accumulated Depreciation	(1,267)
2552 South 98th Street
Initial Cost to Company
Land	3,601
Buildings and Equipment	20,988
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	3,601
Buildings and Equipment	20,988
Total	24,589
Accumulated Depreciation	(595)
2701 South 98th Street
Initial Cost to Company
Land	2,701
Buildings and Equipment	10,998
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	2,701
Buildings and Equipment	10,998
Total	13,699
Accumulated Depreciation	(374)
1985 International Way
Initial Cost to Company
Land	1,453
Buildings and Equipment	8,546
Costs Capitalized Subsequent to Acquisition	1,625
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,454
Buildings and Equipment	10,170
Total	11,624
Accumulated Depreciation	(1,314)
2311 South Park Road
Initial Cost to Company
Land	1,600
Buildings and Equipment	13,119
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,600
Buildings and Equipment	13,119
Total	14,719
Accumulated Depreciation	(316)
1509 Leestown Road
Initial Cost to Company
Land	4,801
Buildings and Equipment	38,708
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	4,801
Buildings and Equipment	38,708
Total	43,509
Accumulated Depreciation	(1,097)
4555 West Highway 146
Initial Cost to Company
Land	3,201
Buildings and Equipment	39,977
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	3,201
Buildings and Equipment	39,977
Total	43,178
Accumulated Depreciation	(1,133)
450 Northpointe Court
Initial Cost to Company
Land	1,300
Buildings and Equipment	26,883
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,300
Buildings and Equipment	26,883
Total	28,183
Accumulated Depreciation	(653)
209 South Bud Street
Initial Cost to Company
Land	700
Buildings and Equipment	4,549
Costs Capitalized Subsequent to Acquisition	41
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	700
Buildings and Equipment	4,590
Total	5,290
Accumulated Depreciation	(908)
17200 Manchac Park Lane
Initial Cost to Company
Land	1,700
Buildings and Equipment	8,860
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,700
Buildings and Equipment	8,860
Total	10,560
Accumulated Depreciation	(1,754)
11900 Trolley Lane
Initial Cost to Company
Land	8,203
Buildings and Equipment	23,095
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	(1,243)
Gross Amount Carried at Close of Period
Land	7,877
Buildings and Equipment	22,178
Total	30,055
Accumulated Depreciation	(374)
4000 Principio Parkway
Initial Cost to Company
Land	4,200
Buildings and Equipment	71,518
Costs Capitalized Subsequent to Acquisition	803
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	4,200
Buildings and Equipment	72,321
Total	76,521
Accumulated Depreciation	(14,290)
3466 Shippers Drive
Initial Cost to Company
Land	4,902
Buildings and Equipment	29,780
Costs Capitalized Subsequent to Acquisition	13
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	4,902
Buildings and Equipment	29,793
Total	34,695
Accumulated Depreciation	(723)
1601 Brown Road
Initial Cost to Company
Land	4,700
Buildings and Equipment	57,812
Costs Capitalized Subsequent to Acquisition	721
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	4,700
Buildings and Equipment	58,533
Total	63,233
Accumulated Depreciation	(1,447)
38401 Amrhein Road
Initial Cost to Company
Land	1,400
Buildings and Equipment	14,778
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,400
Buildings and Equipment	14,778
Total	16,178
Accumulated Depreciation	(419)
28000 Five M Center Drive
Initial Cost to Company
Land	300
Buildings and Equipment	8,530
Costs Capitalized Subsequent to Acquisition	(5)
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	300
Buildings and Equipment	8,525
Total	8,825
Accumulated Depreciation	(242)
3800 Midlink Drive
Initial Cost to Company
Land	2,630
Buildings and Equipment	40,599
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	2,630
Buildings and Equipment	40,599
Total	43,229
Accumulated Depreciation	(8,036)
10100 89th Avenue N
Initial Cost to Company
Land	3,469
Buildings and Equipment	21,284
Costs Capitalized Subsequent to Acquisition	725
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	3,469
Buildings and Equipment	22,009
Total	25,478
Accumulated Depreciation	(2,581)
2427 Henry Road NW
Initial Cost to Company
Land	1,300
Buildings and Equipment	3,145
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,300
Buildings and Equipment	3,145
Total	4,445
Accumulated Depreciation	(89)
2401 Cram Avenue SE
Initial Cost to Company
Land	100
Buildings and Equipment	2,137
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	100
Buildings and Equipment	2,137
Total	2,237
Accumulated Depreciation	(423)
5501 Providence Hill Drive
Initial Cost to Company
Land	400
Buildings and Equipment	3,500
Costs Capitalized Subsequent to Acquisition	26
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	402
Buildings and Equipment	3,524
Total	3,926
Accumulated Depreciation	(383)
3502 Enterprise Avenue
Initial Cost to Company
Land	1,380
Buildings and Equipment	12,121
Costs Capitalized Subsequent to Acquisition	34
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,380
Buildings and Equipment	12,155
Total	13,535
Accumulated Depreciation	(1,292)
5703 Mitchell Avenue
Initial Cost to Company
Land	1,600
Buildings and Equipment	19,085
Costs Capitalized Subsequent to Acquisition	65
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,600
Buildings and Equipment	19,150
Total	20,750
Accumulated Depreciation	(812)
10551 N Congress Avenue
Initial Cost to Company
Land	600
Buildings and Equipment	13,538
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	600
Buildings and Equipment	13,538
Total	14,138
Accumulated Depreciation	(329)
831 Lone Star Drive
Initial Cost to Company
Land	1,200
Buildings and Equipment	7,304
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,200
Buildings and Equipment	7,304
Total	8,504
Accumulated Depreciation	(248)
2901 E Heartland Drive
Initial Cost to Company
Land	1,100
Buildings and Equipment	6,886
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,100
Buildings and Equipment	6,886
Total	7,986
Accumulated Depreciation	(234)
110 Stanbury Industrial Drive
Initial Cost to Company
Land	200
Buildings and Equipment	1,859
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	200
Buildings and Equipment	1,859
Total	2,059
Accumulated Depreciation	(368)
12385 Crossroad Drive
Initial Cost to Company
Land	3,301
Buildings and Equipment	61,763
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	3,301
Buildings and Equipment	61,763
Total	65,064
Accumulated Depreciation	(1,750)
8644 Polk Lane
Initial Cost to Company
Land	900
Buildings and Equipment	20,171
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	900
Buildings and Equipment	20,171
Total	21,071
Accumulated Depreciation	(490)
440 US Highway 49 South
Initial Cost to Company
Land	200
Buildings and Equipment	2,329
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	200
Buildings and Equipment	2,329
Total	2,529
Accumulated Depreciation	(99)
105 Business Park Drive
Initial Cost to Company
Land	500
Buildings and Equipment	1,949
Costs Capitalized Subsequent to Acquisition	8
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	500
Buildings and Equipment	1,957
Total	2,457
Accumulated Depreciation	(83)
590 Assembly Court
Initial Cost to Company
Land	700
Buildings and Equipment	9,410
Costs Capitalized Subsequent to Acquisition	1
Impairment/ Writedowns	(2,328)
Gross Amount Carried at Close of Period
Land	540
Buildings and Equipment	7,243
Total	7,783
Accumulated Depreciation	(147)
4350 Fortune Ave NW
Initial Cost to Company
Land	4,401
Buildings and Equipment	53,085
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	4,401
Buildings and Equipment	53,085
Total	57,486
Accumulated Depreciation	(1,290)
4690 Global Avenue NW
Initial Cost to Company
Land	4,601
Buildings and Equipment	45,793
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	4,601
Buildings and Equipment	45,793
Total	50,394
Accumulated Depreciation	(1,112)
6538 & 6526 Judge Adams Road
Initial Cost to Company
Land	2,501
Buildings and Equipment	46,343
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	2,501
Buildings and Equipment	46,343
Total	48,844
Accumulated Depreciation	(1,125)
4040 Business Park Court
Initial Cost to Company
Land	800
Buildings and Equipment	8,411
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	800
Buildings and Equipment	8,411
Total	9,211
Accumulated Depreciation	(238)
628 Patton Avenue
Initial Cost to Company
Land	500
Buildings and Equipment	1,514
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	500
Buildings and Equipment	1,514
Total	2,014
Accumulated Depreciation	(300)
3900 NE 6th Street
Initial Cost to Company
Land	700
Buildings and Equipment	3,223
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	700
Buildings and Equipment	3,223
Total	3,923
Accumulated Depreciation	(638)
7130 Q Street
Initial Cost to Company
Land	1,600
Buildings and Equipment	7,390
Costs Capitalized Subsequent to Acquisition	1
Impairment/ Writedowns	(2,138)
Gross Amount Carried at Close of Period
Land	1,220
Buildings and Equipment	5,633
Total	6,853
Accumulated Depreciation	(114)
1415 West Commerce Way
Initial Cost to Company
Land	2,200
Buildings and Equipment	8,518
Costs Capitalized Subsequent to Acquisition	388
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	2,200
Buildings and Equipment	8,906
Total	11,106
Accumulated Depreciation	(1,784)
52 Pettengill Road
Initial Cost to Company
Land	5,871
Buildings and Equipment	43,335
Costs Capitalized Subsequent to Acquisition	7
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	5,871
Buildings and Equipment	43,342
Total	49,213
Accumulated Depreciation	(4,618)
1135 Easton Avenue
Initial Cost to Company
Land	3,601
Buildings and Equipment	5,564
Costs Capitalized Subsequent to Acquisition	5
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	3,601
Buildings and Equipment	5,569
Total	9,170
Accumulated Depreciation	(236)
584 US Highway 130
Initial Cost to Company
Land	70,422
Buildings and Equipment	62,639
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	70,422
Buildings and Equipment	62,639
Total	133,061
Accumulated Depreciation	(1,521)
725 Darlington Avenue
Initial Cost to Company
Land	8,492
Buildings and Equipment	9,451
Costs Capitalized Subsequent to Acquisition	1,796
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	8,492
Buildings and Equipment	11,247
Total	19,739
Accumulated Depreciation	(2,515)
309 Dulty's Lane
Initial Cost to Company
Land	1,600
Buildings and Equipment	51,400
Costs Capitalized Subsequent to Acquisition	(1)
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,600
Buildings and Equipment	51,399
Total	52,999
Accumulated Depreciation	(10,174)
7000 West Post Road
Initial Cost to Company
Land	4,230
Buildings and Equipment	13,472
Costs Capitalized Subsequent to Acquisition	246
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	4,230
Buildings and Equipment	13,718
Total	17,948
Accumulated Depreciation	(1,738)
2375 East Newlands Road
Initial Cost to Company
Land	1,100
Buildings and Equipment	17,314
Costs Capitalized Subsequent to Acquisition	286
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,100
Buildings and Equipment	17,600
Total	18,700
Accumulated Depreciation	(3,523)
158 West Yard Road
Initial Cost to Company
Land	1,870
Buildings and Equipment	7,931
Costs Capitalized Subsequent to Acquisition	73
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,870
Buildings and Equipment	8,004
Total	9,874
Accumulated Depreciation	(1,482)
3779 Lake Shore Road
Initial Cost to Company
Land	2,701
Buildings and Equipment	38,186
Costs Capitalized Subsequent to Acquisition	18
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	2,701
Buildings and Equipment	38,204
Total	40,905
Accumulated Depreciation	(927)
1289 Walden Avenue
Initial Cost to Company
Land	600
Buildings and Equipment	6,314
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	600
Buildings and Equipment	6,314
Total	6,914
Accumulated Depreciation	(268)
4 Liebich Lane
Initial Cost to Company
Land	400
Buildings and Equipment	8,521
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	400
Buildings and Equipment	8,521
Total	8,921
Accumulated Depreciation	(207)
55 Commerce Avenue
Initial Cost to Company
Land	1,000
Buildings and Equipment	10,105
Costs Capitalized Subsequent to Acquisition	180
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,000
Buildings and Equipment	10,285
Total	11,285
Accumulated Depreciation	(2,059)
32150 Just Imagine Drive
Initial Cost to Company
Land	2,200
Buildings and Equipment	23,280
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	2,200
Buildings and Equipment	23,280
Total	25,480
Accumulated Depreciation	(7,906)
1580, 1590 & 1600 Williams Road
Initial Cost to Company
Land	2,060
Buildings and Equipment	29,143
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	2,060
Buildings and Equipment	29,143
Total	31,203
Accumulated Depreciation	(3,621)
7303 Rickenbacker Parkway West
Initial Cost to Company
Land	1,491
Buildings and Equipment	27,407
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,491
Buildings and Equipment	27,407
Total	28,898
Accumulated Depreciation	(1,196)
3245 Henry Road and 3185 Columbia Road
Initial Cost to Company
Land	2,499
Buildings and Equipment	21,640
Costs Capitalized Subsequent to Acquisition	19
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	2,501
Buildings and Equipment	21,657
Total	24,158
Accumulated Depreciation	(611)
8341 Industrial Parkway
Initial Cost to Company
Land	6,702
Buildings and Equipment	97,563
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	6,702
Buildings and Equipment	97,563
Total	104,265
Accumulated Depreciation	(2,369)
201 Exploration Drive
Initial Cost to Company
Land	1,801
Buildings and Equipment	38,868
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,801
Buildings and Equipment	38,868
Total	40,669
Accumulated Depreciation	(944)
9780 Mopar Drive
Initial Cost to Company
Land	2,701
Buildings and Equipment	26,021
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	2,701
Buildings and Equipment	26,021
Total	28,722
Accumulated Depreciation	(737)
2465 Fontaine Street
Initial Cost to Company
Land	1,000
Buildings and Equipment	19,323
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,000
Buildings and Equipment	19,323
Total	20,323
Accumulated Depreciation	(469)
4651 Prosper Drive
Initial Cost to Company
Land	1,400
Buildings and Equipment	30,772
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,400
Buildings and Equipment	30,772
Total	32,172
Accumulated Depreciation	(747)
747 Mill Park Drive
Initial Cost to Company
Land	1,400
Buildings and Equipment	17,609
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,400
Buildings and Equipment	17,609
Total	19,009
Accumulated Depreciation	(428)
9667 Inter-Ocean Drive
Initial Cost to Company
Land	1,300
Buildings and Equipment	10,880
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,300
Buildings and Equipment	10,880
Total	12,180
Accumulated Depreciation	(370)
5313 Majestic Parkway
Initial Cost to Company
Land	1,100
Buildings and Equipment	8,107
Costs Capitalized Subsequent to Acquisition	15
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,100
Buildings and Equipment	8,122
Total	9,222
Accumulated Depreciation	(345)
1115 Regina Graeter Way
Initial Cost to Company
Land	700
Buildings and Equipment	7,908
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	700
Buildings and Equipment	7,908
Total	8,608
Accumulated Depreciation	(192)
4170 Columbia Road
Initial Cost to Company
Land	400
Buildings and Equipment	9,841
Costs Capitalized Subsequent to Acquisition	3
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	403
Buildings and Equipment	9,841
Total	10,244
Accumulated Depreciation	(239)
1415 Industrial Drive
Initial Cost to Company
Land	1,200
Buildings and Equipment	3,265
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,200
Buildings and Equipment	3,265
Total	4,465
Accumulated Depreciation	(646)
200 Orange Point Drive
Initial Cost to Company
Land	1,300
Buildings and Equipment	8,613
Costs Capitalized Subsequent to Acquisition	162
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,301
Buildings and Equipment	8,774
Total	10,075
Accumulated Depreciation	(1,776)
301 Commerce Drive
Initial Cost to Company
Land	600
Buildings and Equipment	4,530
Costs Capitalized Subsequent to Acquisition	(1)
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	601
Buildings and Equipment	4,528
Total	5,129
Accumulated Depreciation	(898)
5300 Centerpoint Parkway
Initial Cost to Company
Land	2,700
Buildings and Equipment	29,863
Costs Capitalized Subsequent to Acquisition	68
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	2,700
Buildings and Equipment	29,931
Total	32,631
Accumulated Depreciation	(5,926)
2701 S.W. 18TH Street
Initial Cost to Company
Land	2,401
Buildings and Equipment	18,865
Costs Capitalized Subsequent to Acquisition	(1)
Impairment/ Writedowns	(5,675)
Gross Amount Carried at Close of Period
Land	1,760
Buildings and Equipment	13,830
Total	15,590
Accumulated Depreciation	(200)
8000 Mid America Blvd.
Initial Cost to Company
Land	900
Buildings and Equipment	12,813
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	(1,814)
Gross Amount Carried at Close of Period
Land	781
Buildings and Equipment	11,118
Total	11,899
Accumulated Depreciation	(187)
1414 South Council Road
Initial Cost to Company
Land	5,002
Buildings and Equipment	39,952
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	5,002
Buildings and Equipment	39,952
Total	44,954
Accumulated Depreciation	(970)
6101 SW 44th Street
Initial Cost to Company
Land	2,401
Buildings and Equipment	13,868
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	2,401
Buildings and Equipment	13,868
Total	16,269
Accumulated Depreciation	(337)
2759 North Garnett Road
Initial Cost to Company
Land	800
Buildings and Equipment	4,879
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	800
Buildings and Equipment	4,879
Total	5,679
Accumulated Depreciation	(118)
2820 State Highway 31
Initial Cost to Company
Land	581
Buildings and Equipment	2,237
Costs Capitalized Subsequent to Acquisition	4,582
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	581
Buildings and Equipment	6,819
Total	7,400
Accumulated Depreciation	(1,050)
1729 Pennsylvania Avenue
Initial Cost to Company
Land	1,200
Buildings and Equipment	13,257
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	(2,173)
Gross Amount Carried at Close of Period
Land	1,020
Buildings and Equipment	11,264
Total	12,284
Accumulated Depreciation	(384)
101 North Campus Drive
Initial Cost to Company
Land	3,801
Buildings and Equipment	26,700
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	3,801
Buildings and Equipment	26,700
Total	30,501
Accumulated Depreciation	(649)
231 Theater Drive
Initial Cost to Company
Land	1,400
Buildings and Equipment	9,864
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,400
Buildings and Equipment	9,864
Total	11,264
Accumulated Depreciation	(279)
700 Marine Drive
Initial Cost to Company
Land	820
Buildings and Equipment	8,381
Costs Capitalized Subsequent to Acquisition	798
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	820
Buildings and Equipment	9,179
Total	9,999
Accumulated Depreciation	(1,144)
1990 Hood Road
Initial Cost to Company
Land	400
Buildings and Equipment	10,702
Costs Capitalized Subsequent to Acquisition	(1)
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	400
Buildings and Equipment	10,701
Total	11,101
Accumulated Depreciation	(1,140)
7410 Magi Drive
Initial Cost to Company
Land	2,401
Buildings and Equipment	31,029
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	2,401
Buildings and Equipment	31,029
Total	33,430
Accumulated Depreciation	(1,052)
6850 Weber Boulevard
Initial Cost to Company
Land	11,604
Buildings and Equipment	44,602
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	(12,228)
Gross Amount Carried at Close of Period
Land	9,079
Buildings and Equipment	34,899
Total	43,978
Accumulated Depreciation	(503)
1892 Anfield Road
Initial Cost to Company
Land	4,001
Buildings and Equipment	21,179
Costs Capitalized Subsequent to Acquisition	1
Impairment/ Writedowns	(3,822)
Gross Amount Carried at Close of Period
Land	3,394
Buildings and Equipment	17,965
Total	21,359
Accumulated Depreciation	(259)
7409 Magi Drive
Initial Cost to Company
Land	1,801
Buildings and Equipment	13,651
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	(1,389)
Gross Amount Carried at Close of Period
Land	1,639
Buildings and Equipment	12,424
Total	14,063
Accumulated Depreciation	(209)
1103 Powderhouse Road SE
Initial Cost to Company
Land	1,200
Buildings and Equipment	36,140
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,200
Buildings and Equipment	36,140
Total	37,340
Accumulated Depreciation	(878)
3058 Lakemont Blvd
Initial Cost to Company
Land	2,901
Buildings and Equipment	33,304
Costs Capitalized Subsequent to Acquisition	20
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	2,901
Buildings and Equipment	33,324
Total	36,225
Accumulated Depreciation	(809)
510 John Dodd Road
Initial Cost to Company
Land	3,300
Buildings and Equipment	57,998
Costs Capitalized Subsequent to Acquisition	419
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	3,301
Buildings and Equipment	58,416
Total	61,717
Accumulated Depreciation	(11,548)
996 Paragon Way
Initial Cost to Company
Land	2,334
Buildings and Equipment	35,920
Costs Capitalized Subsequent to Acquisition	(2)
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	2,334
Buildings and Equipment	35,918
Total	38,252
Accumulated Depreciation	(7,109)
5001 West Del(B) Street
Initial Cost to Company
Land	2,570
Buildings and Equipment	14,832
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	2,570
Buildings and Equipment	14,832
Total	17,402
Accumulated Depreciation	(1,580)
5025 Tuggle Road
Initial Cost to Company
Land	1,400
Buildings and Equipment	31,520
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,400
Buildings and Equipment	31,520
Total	32,920
Accumulated Depreciation	(893)
900 Hutchinson Place
Initial Cost to Company
Land	2,601
Buildings and Equipment	31,582
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	2,601
Buildings and Equipment	31,582
Total	34,183
Accumulated Depreciation	(1,342)
6023 Century Oaks Drive
Initial Cost to Company
Land	500
Buildings and Equipment	5,759
Costs Capitalized Subsequent to Acquisition	15
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	500
Buildings and Equipment	5,774
Total	6,274
Accumulated Depreciation	(245)
3774 Snyder Road
Initial Cost to Company
Land	3,201
Buildings and Equipment	30,564
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	3,201
Buildings and Equipment	30,564
Total	33,765
Accumulated Depreciation	(742)
4836 Hickory Hill Road
Initial Cost to Company
Land	1,402
Buildings and Equipment	10,769
Costs Capitalized Subsequent to Acquisition	1,625
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,403
Buildings and Equipment	12,393
Total	13,796
Accumulated Depreciation	(2,494)
2020 Joe B. Jackson Parkway
Initial Cost to Company
Land	7,500
Buildings and Equipment	55,259
Costs Capitalized Subsequent to Acquisition	299
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	7,500
Buildings and Equipment	55,558
Total	63,058
Accumulated Depreciation	(10,987)
2500, 2526 and 2614 Big Town Boulevard
Initial Cost to Company
Land	2,319
Buildings and Equipment	0
Costs Capitalized Subsequent to Acquisition	10,015
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	2,319
Buildings and Equipment	10,015
Total	12,334
Accumulated Depreciation	0
11501 Wilkinson Drive
Initial Cost to Company
Land	2,401
Buildings and Equipment	19,665
Costs Capitalized Subsequent to Acquisition	(1)
Impairment/ Writedowns	(2,259)
Gross Amount Carried at Close of Period
Land	2,155
Buildings and Equipment	17,651
Total	19,806
Accumulated Depreciation	(358)
5005 Samuell Blvd.
Initial Cost to Company
Land	6,366
Buildings and Equipment	62,879
Costs Capitalized Subsequent to Acquisition	2,458
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	6,366
Buildings and Equipment	65,337
Total	71,703
Accumulated Depreciation	(1,672)
2701 Texas Longhorn Way
Initial Cost to Company
Land	9,303
Buildings and Equipment	42,504
Costs Capitalized Subsequent to Acquisition	78
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	9,303
Buildings and Equipment	42,582
Total	51,885
Accumulated Depreciation	(1,032)
2000 Luna Road
Initial Cost to Company
Land	1,801
Buildings and Equipment	25,816
Costs Capitalized Subsequent to Acquisition	31
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,801
Buildings and Equipment	25,847
Total	27,648
Accumulated Depreciation	(732)
21200 Spring Plaza Drive
Initial Cost to Company
Land	2,701
Buildings and Equipment	29,832
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	2,701
Buildings and Equipment	29,832
Total	32,533
Accumulated Depreciation	(845)
502 West Independence Drive
Initial Cost to Company
Land	800
Buildings and Equipment	19,673
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	800
Buildings and Equipment	19,673
Total	20,473
Accumulated Depreciation	(478)
800 Lindale Industrial Parkway
Initial Cost to Company
Land	800
Buildings and Equipment	18,947
Costs Capitalized Subsequent to Acquisition	692
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	800
Buildings and Equipment	19,639
Total	20,439
Accumulated Depreciation	(509)
685 Alliance Parkway
Initial Cost to Company
Land	800
Buildings and Equipment	23,207
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	800
Buildings and Equipment	23,207
Total	24,007
Accumulated Depreciation	(658)
16211 Air Center Boulevard
Initial Cost to Company
Land	1,600
Buildings and Equipment	13,529
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,600
Buildings and Equipment	13,529
Total	15,129
Accumulated Depreciation	(329)
246 Glasson Drive
Initial Cost to Company
Land	0
Buildings and Equipment	9,596
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	0
Buildings and Equipment	9,596
Total	9,596
Accumulated Depreciation	(233)
985 Kershaw Street
Initial Cost to Company
Land	2,301
Buildings and Equipment	13,994
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	(1,903)
Gross Amount Carried at Close of Period
Land	2,032
Buildings and Equipment	12,360
Total	14,392
Accumulated Depreciation	(178)
1095 South 4800 West
Initial Cost to Company
Land	1,500
Buildings and Equipment	6,913
Costs Capitalized Subsequent to Acquisition	20
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,500
Buildings and Equipment	6,933
Total	8,433
Accumulated Depreciation	(1,376)
8800 Studley Road
Initial Cost to Company
Land	1,100
Buildings and Equipment	10,813
Costs Capitalized Subsequent to Acquisition	16
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,100
Buildings and Equipment	10,829
Total	11,929
Accumulated Depreciation	(460)
1935 Blue Hills Drive
Initial Cost to Company
Land	1,300
Buildings and Equipment	13,908
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,300
Buildings and Equipment	13,908
Total	15,208
Accumulated Depreciation	(394)
3736 Tom Andrews Road
Initial Cost to Company
Land	600
Buildings and Equipment	9,273
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	600
Buildings and Equipment	9,273
Total	9,873
Accumulated Depreciation	(263)
2300 Westmoreland Street
Initial Cost to Company
Land	600
Buildings and Equipment	6,109
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	600
Buildings and Equipment	6,109
Total	6,709
Accumulated Depreciation	(208)
1122 Stony Ridge Road
Initial Cost to Company
Land	2,101
Buildings and Equipment	6,051
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	2,101
Buildings and Equipment	6,051
Total	8,152
Accumulated Depreciation	(147)
1901 Meadowville Technology Parkway
Initial Cost to Company
Land	4,000
Buildings and Equipment	67,511
Costs Capitalized Subsequent to Acquisition	170
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	4,000
Buildings and Equipment	67,681
Total	71,681
Accumulated Depreciation	(13,383)
635 Community Drive
Initial Cost to Company
Land	10,003
Buildings and Equipment	38,560
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	10,003
Buildings and Equipment	38,560
Total	48,563
Accumulated Depreciation	(936)
2000 South Walnut Street
Initial Cost to Company
Land	8,603
Buildings and Equipment	22,749
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	8,602
Buildings and Equipment	22,750
Total	31,352
Accumulated Depreciation	(552)
5300 International Drive
Initial Cost to Company
Land	1,801
Buildings and Equipment	17,367
Costs Capitalized Subsequent to Acquisition	38
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	1,801
Buildings and Equipment	17,405
Total	19,206
Accumulated Depreciation	(422)
3383 Spirit Way
Initial Cost to Company
Land	601
Buildings and Equipment	9,346
Costs Capitalized Subsequent to Acquisition	0
Impairment/ Writedowns	0
Gross Amount Carried at Close of Period
Land	601
Buildings and Equipment	9,346
Total	9,947
Accumulated Depreciation	$ (227)

SCHEDULE III - REAL ESTATE AN_3

SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION - Analysis of Carrying Amount And Accumulated Depreciation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Real Estate Properties
Balance at the beginning of the period	$ 1,748,833	$ 1,809,070	$ 2,335,964
Additions	3,520,563	129,724	109,020
Disposals	(259)	(189,961)	(635,914)
Impairments	(93,029)
Balance at the end of the period	5,176,108	1,748,833	1,809,070
Accumulated Depreciation
Balance at the beginning of the period	(167,490)	(141,406)	(131,468)
Additions	(106,236)	(32,389)	(43,821)
Disposals	259	6,305	33,883
Impairments	0
Balance at the end of the period	$ (273,467)	$ (167,490)	$ (141,406)