and quarter, first of efforts assets. everyone. of our In industrial the Thanks acquisition quality Good we reduction the high through execution, repositioning portfolio continued Heather. morning a sales in our advantageous non-core assets,
exposure to Our end at quarter. we've XX% in high number one compared we this continue total feet. of book acquired value industrial $XXX square gross second X year increasing almost industrial was ago to expect To-date quality the product million quarter over and XX% million of totaling
underwrite Our new active opportunities. we pipeline as remains
While to several distribution been pricing warehouse competitive years, as it we our strategy. be with finding good consistent continues has for investment quality are product
in X% type tenant Going in for depending interested from X% we the term, escalations, building, most rental rates cap on to quality. the location, are range of credit lease and of assets specs
demand increased by in its We was been to warehouse at investors. X% acceptance topic our cold are cap distribution less north frequent about storage, of properties emphasis on characteristics user storage acquired our special has given Quarter on space a on such average. focus we efforts recently storage. industrial rate cold the portfolio institutional end Cold continuing industrial and XX% as with conversation of and initially which manufacturing of with
quite is arise position. it that to add than into profits repurposed rather reinvest distribution proceeds class, and possible current the and asset this opportunities easily as in would compression warehouse rate facilities our we cap Given take more
to have of of occurs. window shares XXX,XXX In we property quarter $X.XX over remaining shares price an addition at million approximately purchase investments, average share to XX a per if in first repurchased early we the and opportunity
non-core to year expect remain dispositions. build-to-suit dispose assets facility, to the for disposition XXXX our a cost cap which first over price of One an on similar at million or from highlight sold $XXX the approximately rate and a this to of XX% office We to I'd primarily XXXX. better was pricing was industrial $XXX Moving basis. of target original to like on compared million quarter X.X% sale
non-core us sales noncore reinvest product. While price included was office we a very assets. and from subsequent to general attractive will that other purpose during achieved accretively and end sale warehouse our the to Other bucket, capital quarter this not allow sale into additional
excluding rent the overall On side, reimbursements GAAP X% the tenant tenant during increased excluding increased rent rent leasing X%, flat. also renewals increased cash quarter. industrial while GAAP rent X% On and renewals, reimbursements cash was
remaining due strip quarter this releasing but is primarily continue lease to efforts of XXXX to have first saw our same expirations last We vacancy single XXXX year. we when relating about management and vacant This the will tenant and In up vacancy store other store NOI, looking properties. a X%. focus out at around compared or tenant and minimal was on asset selling to non-renewals, in X% same expirations to we if NOI decrease
over lease generate the will portfolio when store Our same same long-term store risk. industrial-focused it in have provides our single growth for low tenant structure expect rent would rental that more growth, We with typically steady fluctuations so unusual the result vacancy. we relatively predictable of is
Our levels balance adjusted low net We remain the EBITDA sheet to to X.X quarter times levered relatively and year. this shape. is in we ended debt excellent expect leverage
have be We XXXX needed including expanded funded balance recently credit sheet dispositions, primarily well anticipate and from continue will although to very the capitalized the flexibility acquisitions still be facility. we as
and strategy. to reducing industrial continues tenant non-core other our our and exposure on single on be concentrating Our office focus
As but as to capital class sustain heavy disposition is from our less is requires asset away discussed, the an occupancy. AFFO we short-term far migrate expenditures that creating effect strategy dilution, on FFO
role in XXXX our in congratulate I Chief Officer. Accounting Beth Before the like discuss to joined her previously and our investments Beth call Brendan at to Boulerice Financial firm turn Lexington. over to Officer new Chief served as as would I
her in role this We move we to excited have are ahead. as
are in on for capacity. of as to organization We also our Pat have him we different Carroll thank stay pleased his years service CFO in a and XX
the I'll Brendan. over You that will hear discusses more Beth our to she turn from call shortly in detail. when results With financial
