12 unchanged sentences
Michigan 23 1,892 1,245 24,661 14,608
+Added: 5 726 606 20,604 10,660
Texas 1 3,667 2,219 8,250 5,000
Maryland 6 987 863 7,970 4,584
−Removed: Oregon 3 418 363 6,127 3,898
South Carolina 3 597 447 3,722 2,215
+Added: Georgia 2 230 175 2,874 —
North Carolina 2 310 295 2,204 1,172
+Added: New Jersey 3 116 101 2,181 1,290
Delaware 1 180 140 1,276 735
1 unchanged sentence
(1) Consists of the initial acquisition price (including the costs allocated to both tangible and intangible assets acquired and liabilities assumed), plus subsequent improvements and other capitalized costs associated with the properties, and adjusted for accumulated depreciation and amortization.
−Removed: Specifically, includes Investments in real estate, net (excluding improvements paid for by the tenant) and Lease intangibles, net;
−Removed: plus net above-market lease values, lease incentives, and net investments in special-purpose LLCs included in Other assets, net;
+Added: Specifically, includes Total real estate, net (excluding improvements paid for by the tenant) and Lease intangibles, net;
+Added: plus long-term water assets, net above-market lease values, net lease incentives, and net investments in special-purpose LLCs included in Other assets, net;
and less net below-market lease values and other deferred revenue included in Other liabilities, net;
2 unchanged sentences
(3) Includes ownership in a special-purpose LLC that owns a pipeline conveying water to certain of our properties.
+Added: As of December 31, 2021, this investment had a net carrying value of approximately $1.1 million and is included within Other assets, net on the accompanying Consolidated Balance Sheet.
+Added: (4) Includes five acres in which we own a leasehold interest via a ground sublease with a California municipality that expires in December 2041.
+Added: The ground sublease had a net cost basis of approximately $763,000 as of December 31, 2021 (included in Lease intangibles, net on the accompanying Consolidated Balance Sheets).
+Added: (5) Includes 45,000 acre-feet of water stored with Semitropic Water Storage District, located in Kern County, California.
+Added: See “ —Investments in Water Assets ” below for additional information on this water.
+Added: (6) Includes two farms in which we own a leasehold interest via ground leases with the State of Arizona that expire in February 2022 (which was extended to February 2032 subsequent to December 31, 2021) and February 2025, respectively.
+Added: In total, these two farms consist of 1,368 total acres and 1,221 farm acres and had an aggregate net cost basis of approximately $1.1 million as of December 31, 2021 (included in Lease intangibles, net on the accompanying Consolidated Balance Sheets).
+Added: (7) Includes ownership in a special-purpose LLC that owns certain irrigation infrastructure that provides water to one of our farms.
As of December 31, 2021, this investment had a net carrying value of approximately $2.1 million and is included within Other assets, net on the accompanying Consolidated Balance Sheets.
−Removed: (4) Includes 2 farms in which we own a leasehold interest via ground leases with the State of Arizona that expire in February 2022 and February 2025, respectively.
−Removed: In total, these 2 farms consist of 1,368 total acres and 1,221 farm acres and had an aggregate net cost basis of approximately $1.6 million as of December 31, 2020 (included in Lease intangibles, net on the accompanying Consolidated Balance Sheets).
LEGAL PROCEEDINGS
4 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.