Real Estate Activity |
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| Real Estate Activity | Real Estate Activity As of September 30, 2025 and December 31, 2024, we owned the following land and real estate (in thousands, except number of acres):
(1)Real estate assigned through the Declaration of Trust.
Land Acquisitions
During the nine months ended September30, 2025, we acquired 8,147 acres of land in Martin County, Texas for an aggregate purchase price of $31.4 million in an all-cash transaction. Additionally, we acquired 787 acres of land for an aggregate purchase price of $4.5 million during the nine months ended September30, 2025.
During the nine months ended September30, 2024, we acquired 4,120 acres of land in a business combination with a fair value of $12.1 million. See further discussion of the business combination at Note 3, “Assets Acquired in a Business Combination.” Additionally, we acquired 640 acres of land for an aggregate purchase price of $1.0 million during the nine months ended September30, 2024.
Land Sales
During the nine months ended September30, 2025, we sold 17 acres of land in Texas for an aggregate sales price of $0.8 million. During the nine months ended September30, 2024, we sold 91 acres of land in Texas for an aggregate sales price of $2.1 million.
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