are and during Clay morning. their us of times. listeners this I healthy and hope for safe families all you, thank our joining challenging Thank that and these all you staying
position additional taken strengthen start standard to our providing crisis. the like our to ongoing that we've outlining this update, steps further Before by in I'd
million an of year, team As mentioned done more are $XXX forward we in legal fortified at positioning we've the X.X tenant gross stood beginning navigate recurring for quarter our opportunities pandemic. accounting execute COVID equity, proceeds call, and throughout quarter's that company crisis. a consists the emerging forma equity At net relations. to response to created They've high-quality job through EBITDA. debt outstanding on balance this outstanding helping pro Since asset than this functional of our our that on the management, us cross last times raised end
billion as Our execute optionality we balance nearly on we're provides sheet numerous that unparalleled and opportunities liquidity with $X continue us to an the uncovering. in
than an have first pipeline. of Given $X.X our balance year, our acquisition a we incredibly record increased amass billion. liquidity, our pleased of million $XXX of and the to guidance quality to continued half more to and high we have range announce $X.X investment the during activity am robust fortress billion to sheet I
our focused in As payments portfolio representing agreements The we our quality rest maintain in our payments reflected are evidenced by received the quarter into portfolio continued to approximately best class activity X% July received will is and XX% year-to-date portfolio was In second underwriting April, total respectively. retail and XX% nature entered quarter May premier rents. that data of of assured, June limited carefully in rent our retailers on standards aggregate, of XX% lead to from of rent our the We the of deferral second the in sector. collections disciplined the approximately from our country. rent we constructed
pandemic. deferral entering into positive we've our this representing our limited been rents. sheet rental will activities July, month COVID continued of collection estate of tenants X% fundamentals strategy our to received portfolio, this count. with mainstay has continue discipline before and while sound from is and XX% What management an data have July confirmed we after trajectory. also our Tenant the have that a July drive agreements real additional balance on payments For and of Today during quality of and credit,
in on fortress we with accelerating positioned high-quality update. stronger ever, than myriad collections, class opportunities me in despite allow caused this report us emerge to disruption environment. a run by the execute a to that company balance for see through to With of momentum pleased sheet our quarter Our Agree very that I'm is a best represented quarter COVID-XX, Realty. that'll second and standard ongoing allow the to that record organizational
of quality properties volume XX properties high representing the these external a platform, across million. $XXX three $XXX During our acquisition in invested quarter leased of our million growth acquisition record we record were retail platforms. approximately XX net through originated
the rents, parts, XX of capital auto more of roughly I'm points. merchandise, second sectors. average best largest tenants operating XX weighted convenience including representing service, sectors, basis in and quarter in tire in The a properties cap record the deployed. quarter total from stores were distinct a our acquisition a derived investment during quarter to XX.X we these Most comprising times, during by of very lease of remains operators grade X.X% notably, had acquired demonstrated pleased and at tenant class at grocery and we as unprecedented properties of than Walmart X.X% were dollar that achieving weighted rate annualized in our volume years. stores approximately XXX While the store XX seven acquired off-price, acquired term Walmart year-over-year acquisition general The volume a retailers. leased being to one report disciplined during average base approach additional of remain increase extremely XX% auto
to continue with We largest a very productive and relationship strong enjoy the world's retailer.
invested, our the the we've year, acquired that six leased $XXX million leased XXX acquisition investing third billion half capital X.X XXX spanning of year was net across months first in year operators. tenants million approximately operating the sectors. country. For annualized acquisition of stores. XX from into record grade the in to XX almost unparalleled half year the An was via of XX XXX first of The comes the one acquired the properties base the Of first into leading properties distinct retail states first were half invested deployed XX% XX platform. in invested a rent of Walmart Well, the the of in
As our increasing easily X.X previously robust company, are our today volume range volume acquired a million to million last of guidance represent previous to for from year. low the a record this billion acquisition our range of XXX XXXX acquisition million. and our mentioned, to $XXX range end pipeline, given record acquisition surpassing would of The we our $XXX $XXX
ground retailers X% base of adding rents. lease ground annualized portfolio. to properties leading We number a past Today, to spans XX continue total comprising year our opportunities source this lease of the assets during with XX portfolio
were to pipeline of and XXXX quarter-end lease has closing from operators, a remaining basis investment basis substantial our that exposure X% retailers ground leased At nearly current grade ground quarter. includes and Wawa. XX%, significant ground Walmart, we points. representing at several year-over-year quarter more is our exposure than stacked portfolios the portfolio end, improved Our Costco, increase lease unrated grade including anticipate XX% our investment a On Aldi, grade been by lease retailers. and points. is upcoming basis, of XXX stood Depot, Only rents the opportunities during two-year of At Battery leased to Lowe's, sub-investment Home nearly Tire investment derived XX% grade National the
its As poised our anticipate are omnichannel trajectory. continue an we to environment, investment thrive class I concentration in continue to focus that to on grade best upward operators in
of our represent under than Solution, projects six and $XX Moving more total year had or half we capital on to PCS development development during the committed either Partner that first Capital and completed the million. construction of
Dollar new the One completion, XX-year Grayling, performing to of quarter to Texas. net Rent in meeting of projects past our in vacant subject vacancies, in potential upon projects candidates retailers. Family immediately our is this this our in the during anticipated development to team's Freight project sandbox quarter, construction the efforts Rite is Michigan omnichannel Harlingen, identify of this quarter on with continued quarter anticipated in a year. those our Aid we one high to We first to TJ completed Construction recent that target. The in during to project lease a year. rent project backfill with fourth our the within first second utilizing These third of the Maxx result with commenced screen was of development acquired. are Texas, a during Tools on adjacent commence Weslaco, with Harbor quarter commence our software
continue with ADC, work retailers vacancies partners. a redevelop from as We basis at buildings to to and cost very evaluate retail our well as market both attractive
conjunction that I projects of announcing in next number anticipate a quarter's of earnings. with consists pipeline Our
during million reducing we our of we we sold basis franchise disposition at past million approximately total through X.X proceeds quarter, weighted seven While of recent notable again disposition of rate, a XXX the with of This during restaurants, mere activity approximately quarter X.X%. Dispositions assets for cap exposure points further than $XX eight active are totaled approximately months to of more restaurant the have our portfolio XX in cap first X.X%. investment the of $XX a a franchised as assets six the the XX for the proceeds the for including fortified activity, front year a just sale represents on average rate months. decrease quite
of XX end Given bottom our the full we're million our the to disposition this activities for disposition half year, guidance XXXX. first during the of raising year
maturities. also has addressing Our lease been team on asset management focused diligently upcoming
only in lease result our XXXX made efforts X.X% progress remaining announcements a As our their on XXXX expirations three next maturities our during represent significant lease rents. I with maturity additional annualized that just stands anticipate of call. quarterly of We've similarly base and upcoming
Canton, commencement Art of former quarter, XX,XXX Van or prior the lease Furniture have very Loves Van third executed the Michigan. second flagship new Loves space. extensions rent of net in XX-year during to During recovering quarter. anticipate we the the leases, feet new upon Art rent backfill of approximately options We're pleased We of the latter a store XXX% to half executed on square
leases, the year, or square extensions first feet six on of space. months leasable the gross XXX,XXX we approximately options new of executed During
in XXX states. our X,XXX-property XX, of across consisted As anticipate portfolio upcoming properties growing year. retail We June the surpassing XX of milestone this
more comprised annualized occupied leading as XX% remains primarily rents The operators operating base investment in are tenants. lease grade portfolio again a X.X and XX.X% average XX fully than retail of at tenants coming remaining of with weighted term of Our sectors, years. industry from
to results provides patience, Clay? like for to stakeholders questions call on our any thank our would happy for continued and difficult and I all handing you second quarter. for Before over to after sheet the loyal financial these Clay times. Thank their reviews update the our support drying an of during answer Clay, your balance
