$X XXX including record our maintaining to of not walmarts, achieved notable properties but another growing to for billion am of terrific our milestones XXXX. The report billion surpassing rent. was setting inaugural equity annualized in tenant over while paid most investment led joining XXXX our record, X.X% billion and months preferred And dividends. attractive us top several all value. surpassing activity equity The proprietary, database portfolio growing had at our completion six the information to We this addition the pleased XX approaching in including enterprise past as team offering Thanks cap robust $X of investments with our in Reuben, in and technology of year company. for ARC base REIT volume $X.XX walmart infrastructure pricing non-PSA tremendous by I extremely thank our our a that you total morning. our importantly, limited
again at While our record once investment volumes were levels.
from continued was of nearly operators. grade best-in-class focus base investment retailers by reinforced XX% being acquired annualized on derived Our rents
further including assets ground XX executed increasing and second Stores, annualized nearly walmart leased Parsippany, during notable Clubs, by is disciplined Wegmans representing centers. were past nearly leases portfolio. lease that our exposure to to in and ground total grocery anchored the Wawa Convenience Jersey, power in New Several our a three portfolio year, XX.X% and in lease XX% ground ground dominant acquired of Ohio, Lowe's approach the opportunities this our nine Outlots the to Sam's we base rents year. of demonstrated added Our on We during XX acquired long-term
leased XX% retailers credit grade acquired platforms. derived a during including to from in XX% the weighted XX rate dollar with XX and We tire a years. and acquired of retailers. stores, ground investment off-price at and an farm weighted base fourth annualized company's rents average parts, during improvement, retail, the X.X% XX acquired with stores. rating, Over term of investing quarter XX.X million a closed quarter properties auto ground As home out derives derived comprised growth were acquired were year average of lease largely lease strong and our a sectors merchandise, of is operating convenience of supply investment assets. $XXX base distinct and leased reminder, of across and over the from tenants XX% preeminent portfolio cap fourth the grade while annualized The rural grocery, three from service, XX external rents quarter general properties our properties were auto tenants rents had are The
We largest XXXX the the with company. history the pipeline have entered in of
anticipated As comprised portfolio has more company portfolio purchase disclosed our the $XXX of million. than December for prospectus in two over This including portfolio our are XX in pursued. is the supplement pipeline included ever properties transactions largest an price
The quarter first closed nearly and tranche rent second of lease has has tranche anticipated investment approximately from during this of derives a grade of year. retailers. portfolio weighted and the average years XX% The annualized of first the is term close the base transaction to XX
In are three walmart on a under store. home supercenters high-performing portfolio a and addition, we contract currently depot of
While transactions, granular our more that the are these portfolios to capability demonstrate activity on larger volume. characteristic execute to scale incremental of our acquisition they traditional is
our $X.X in confident ability aggregate to retailers. we quality billion, omni-channel of comprised billion leading indicated are As guidance high our $X.X by team's of opportunities to initial extremely
XX%, basis As stood stacked investment grade representing points. mentioned, at end portfolio's increase two-year of at our more a exposure year than XXX
will on believe we curve do not retailers focus risk the continue it's a retail in move up dynamic as environment. Our prudent best-in-class to
seeing our to incremental partner these as an we of year outsized and anticipate We capabilities platforms relationships. both Moving all have on and by on produce platforms, real to value pipelines. opportunities, estate this activity solutions expanding are and leveraging our increased capital sizable focus of both development platforms driving
platforms early in still would -- during While our in the $XXX $XX I year commencing earlier the year, anticipate between quite development and million XXXX. through in PCS million
Dispositions or quarter seven committed completed of completed Richey, total representing this was capital with during in $XX approximately had those projects first XX properties proceeds project were construction the total sold year we we gross years The Michigan, total restaurants continued during completed to dispositions at $XX X.X%. past company's of represented our projects annualized that million. were with These company's the weighted Construction million. volume million. six second of for X% either less Saginaw, reducing during rate Georgia. development prior X-Elelven and rents. remain than of in as in Gerber sold investment consistent Pooler, third exposure during during company's Gerber franchise year Collision we project Newport $XX Florida. cap restaurant the the a on PCS XXXX base Four of comparison, under development average For of franchise in fourth Notably, XXXX
lease Our our focused asset management maturities. addressing remains on team diligently upcoming
maturities these of year-over-year stand our year result decrease XXXX annualized just of basis a As rents, at representing points. lease base at of X,X% approximately XX efforts, end a
new gross quarter, extensions leases, area. fourth the XXX,XXX on options we or feet approximately of executed During leaseable square
executed for in square XXX,XXX or XX-year options Pleasant lease in on leases, included Michigan store extensions Notable former with over Van Flagship options with Mount Penney for JC new the as XX-year new as year Former extensions full we new new Gardner space. XXXX, Canton, the Michigan, Art Furniture the a leases, lease Burlington a White feet. For or well
As across year. fully represents of approximately X,XXX nearly property states. properties in an XX% retail The This of spread occupied XX.X%. course total December XXst, our portfolio rapidly portfolio account increase XX growing the of remains at the consisted over
portfolio portfolio been. year balance another grade As sheet evidenced match, and increasing ever for our envision investment rollover, to I has a than is exposure, positioned by our significant minimal expanding our lease lease With company. ground our XXXX near-term it our better being
to the Peter discuss of corporate new the to call financial highlight our I'd over turn results, to announcement I our Before like headquarters.
create I'll additional we to during announced building commence year former Van unique to the development a on first quarter during our Store areas opportunity on is up university Avenue and to a of for the with growing with for initiatives. then redevelopment Royal ADC Construction can health to team. move-in the in recently -- Oak, ADC Peter targeted call wellness training Art aligned half during of space, and acquisition This hand the previously for open here questions. a facilities wellness this over With collaborative and we space meeting and our closed XXXX. call it As offers Furniture date second Plans of in the anticipated that, commend Woodward Michigan. state-of-the-art
