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activities, we In back had other we to as quality terms redevelopment and both net our assets as gas following projects our able add of move productive year, to high portfolio well were where commencement. auto-related right the convenience a and into investment portfolio, lease of
experience. Getty’s of consistent potential pipeline XXXX, During transaction years’ with prior remains
process. For the activities, review for for average XX return which year, highlights acquisition screening return we acquired for $X.X XX.X gas convenience than quarter $XX result which locations term was few and To fourth opportunities, exceeded a properties weighted of with million. and the an more met of The initial initial we underwrote the of average lease X.XX%, years. million approximately billion two of average the X our our was The of investment X.X%. weighted initial
the our For high expanding relationships We and we K, revenue Circle operations year, further quality quality. displayed three by our tenants, GPM credit Applegreen, and advanced of diversifying with goal our Investments. strong
national the market. all second expanded primarily Applegreen, presence transaction of also portfolio XX% transaction other had Southern Carolina Columbia plus net sites Washington the metropolitan our are with for one-third and opportunities, use is states, and MSA. now MSA, the the The in which underwriting rent gas company’s robust. where result for the based through in we we remains that of with U.S., are of comes located our the Overall, XX annualized of and these and top our convenience GPM, in DC, Dallas-Fort in are from pipeline represented We South automotive XX the Worth site sites
approximately X we redevelopment invested our year, sites, for and projects completed million in the progress. platform, to are Moving our both in which
quarter, fourth of lease projects this the the back rent-commenced and initiative. returned portfolio our in the to we X mentioned, to projects re-development total inception Chris As XXXX three in bringing for since X net
rent Specifically, leased location in care commenced rate November, ConvenientMD Massachusetts. in to urgent build-to-suit
this investment was to to we our total total in on return site and with New million million Our global and return our we In of and partners investment Island, X.X on a gas a expect project, our December, investment raised X.X%. we In was and of York. more funded, project XX%. we a generate $X.X investment generate expect convenience re-builded Long than on the
project food developer a and site Finally, million invested a where expect this on our we project, in generate we than to $X.X rent we ground a In to regional commenced on use. return a XX%. investment December more for service leased a of
are we the with not included currently are properties, redevelopment net ended X leases. redevelopment XX projects, net quarter on projects, and terms these on which of are our lease in signed lease our portfolio, Of included In properties, X portfolio. in
projects in several invested process, to All advance will X XXXX. total, to pipeline we projects next have we of through in and expect approximately completed all commencements the we million are at these over to In sites have the re-development projects continued rent these XX $X.X these X years. be re-development during expect our substantially
will investment company excess XX capital On funds spending acquisition to in the projects generate $X.X of of require the these today. side, the a markets estimate we we by returns where total and invest in these incremental million will can Getty that
pipeline, to For updating Page on our everyone please forward progress. presentation, our as of sites and remain information transforming We our portfolio refer in make more to selective detail the investor of which committed re-development to found XX website. is we look
their by were Turning to our realizing properties vacant for XX million. proceeds sold terms we XXXX of dispositions, sold approximately lease agreements. returned $X.X during of properties to The the tenants us or
We net these will financial expect be the impact dispositions minimal. of
not As the competitive and gas selectively does the we continue we properties potential. look have convenience properties have where determination made as ahead, re-development a that to dispose aren't location we
the properties. lease X our activity, a sites, As we active re-development year of ended vacant net X and of all with result XXX properties,
With Our Danion. active approximately over constant redevelopments our excluding weighted years that, XX call remains occupancy, average I is to overall turn at term and XX%. lease the
